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Keller Williams Coastal Properties I
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$950,000
1060 E 6th St, Long Beach, CA 90802
2 Beds
4 Baths
1,548
sq ft
.04
ac
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$950,000
1060 E 6th St, Long Beach, CA 90802
Estimation provided by Keller Williams Realty Inc.
2 Beds
4 Baths
1,548
sq ft
.04
ac
Active
For Sale
Property Description
1060 E 6th St, a well-maintained fourplex located in the North Alamitos Beach neighborhood of Long Beach. This charming property features a desirable unit mix of (3) studio apartments and (1) two-bedroom, one-bath unit. Recent upgrades include new vinyl flooring, granite countertops, updated light fixtures, and new water heaters. The property benefits from no local rent control, allowing for strong rental growth potential. The current owner also collects RUBS (Ratio Utility Billing System) to efficiently offset utility costs.This low-priced four-unit property offers a rare, low barrier to entry for investors looking to break into the Long Beach multifamily market. With strong in-place rents, minimal overhead, and no local rent control restrictions, this property presents an excellent opportunity for both new and seasoned investors to generate steady cash flow and long-term appreciation.The property is ideally situated just a 5-minute drive to the Long Beach Waterfront, providing easy access to beaches, parks, and oceanfront attractions. Residents can enjoy the convenience of nearby shopping, dining, and entertainment options, including Retro Row (4th Street), Pine Avenue, The Pike Outlets, and the East Village Arts District. The property is also in close proximity to major developments and mixed-use projects, further enhancing its long-term investment appeal.
Assessed Value is a combination of the land and additions.
2023
$9,482
(+6.53%)
$683,205
Land 462,517 +
Additions 248,287
2022
$8,901
$683,205
Land 444,558 +
Additions 238,647
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