$2,200,000

Estimated payment $14,945/month

Total Views 871
9 Beds
9 Baths
5,570 Sq Ft
$395 Price per Sq Ft

Highlights

  • 0.15 Acre Lot
  • No HOA
  • Wall Furnace
  • Long Beach Polytechnic High School Rated A
  • Vinyl Flooring
  • 3-minute walk to Gumbiner Park

About This Home

Discover an exceptional investment opportunity in the heart of Long Beach’s vibrant East Village/Alamitos Beach corridor.

Situated just minutes from the beach, Downtown Long Beach, major transit lines, and an array of local dining, shopping, and entertainment, 1056 E. 6th St. offers an ideal blend of convenience, accessibility, and tenant appeal.

The property consists of eight (8) well-maintained 1-bedroom/1-bath units and one (1) 2-bedroom/1-bath unit. This practical and efficient unit mix caters to the strong local demand for smaller rental units, supporting consistent occupancy and dependable renter interest.

A standout feature is the property’s existing four-car garage, providing secure, private on-site parking—an increasingly valuable amenity in this neighborhood. Additional parking is available directly in front of the garages, creating the potential for up to eight (8) total on-site parking spaces, depending on vehicle size and configuration and applicable local ordinances.

The garage area may also present a compelling ADU conversion opportunity, potentially allowing an investor to add residential units, increase rentable square footage, and enhance the property’s overall income potential. Buyers should independently verify parking configuration, ADU feasibility, unit count, permitting requirements, and development potential with the City of Long Beach and appropriate professionals.

1056 E. 6th St. is a proven income-producing asset located in one of Long Beach’s most desirable rental submarkets. With its strong existing unit mix, valuable on-site parking, and potential value-add opportunity through ADU development, the property is well positioned for investors seeking stability, long-term appreciation, and additional upside from a strategically located multifamily investment.

Listing Agent

Chris Eto

Ocean Palisades Realty, Inc. Brokerage Email: chris.eto66@gmail.com License #01967104 Listed on: 08/18/2026

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1955

Lot Details

  • 6,458 Sq Ft Lot
  • Two or More Common Walls
  • Density is 6-10 Units/Acre

Parking

  • 4 Car Garage

Home Design

  • Apartment
  • Entry on the 1st floor

Interior Spaces

  • 5,570 Sq Ft Home
  • 2-Story Property
  • Laundry in unit

Flooring

  • Laminate
  • Vinyl

Bedrooms and Bathrooms

  • 9 Bedrooms
  • 9 Bathrooms

Utilities

  • Cooling System Mounted To A Wall/Window
  • Wall Furnace
  • Natural Gas Connected

Listing and Financial Details

  • Tax Lot 12
  • Tax Tract Number 5765
  • Assessor Parcel Number 7266007005
  • Seller Considering Concessions

Community Details

Overview

  • No Home Owners Association
  • 9 Units
  • Alamitos Beach Subdivision

Amenities

  • Laundry Facilities

Building Details

  • 9 Separate Electric Meters
  • 9 Separate Gas Meters
  • Insurance Expense $5,901
  • Professional Management Expense $9,539
  • Trash Expense $1,198
  • Water Sewer Expense $2,851
  • Operating Expense $56,926
  • Gross Income $196,678
  • Net Operating Income $133,852

Property Details

Home Type

Multi-Family

Year Built

Built in 1955

Lot Details

6,458 Sq Ft Lot

Parking

4

Listing Details

  • Assessments: Yes
  • CapRate: 6.08
  • Professional Management Expense: 9539.00
  • Property Attached: Yes
  • Subdivision Name Other: Alamitos Beach (AB)
  • Water Sewer Expenses: 2851.00
  • Property Sub Type: Apartment
  • Property Type: Residential Income
  • Parcel Number: 7266007005
  • Year Built: 1955
  • AgentOnly_SellerConsiderConcessionYN: Yes
  • Special Features: None

Interior Features

  • Fireplace: No
  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Flooring: Vinyl, Laminate
  • Entry Level: 1
  • Levels: Two
  • Price Per Square Foot: 394.97

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 4.00
  • Total Parking Spaces: 4.00

Utilities

  • Utilities: Natural Gas Connected, Electricity Connected
  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Wall Furnace
  • Laundry Features: Inside, Common Area
  • Sewer: Public Sewer
  • Trash Expense: 1198.00
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 6-10 Units/Acre
  • Lot Size Sq Ft: 6458.00
  • Lot Size Acres: 0.1483
  • Latitude Manual: 33.77397200

Rental Info

  • Tenant Pays: Gas, Electricity

Multi Family

  • Gross Income: 196678.00
  • Gross Multiplier: 11.19
  • Gross Operating Income: 197298.00
  • Gross Scheduled Income: 196678.00
  • Insurance Expense: 5901.00
  • Laundry Income: 363.00
  • Lot Size Area: 6458.0000 Square Feet
  • Net Operating Income: 133852.00
  • Number Of Rented Garages: 1
  • Number Of Separate Electric Meters: 9
  • Number Of Separate Gas Meters: 9
  • Number Of Units Total: 9
  • Operating Expense: 56926.00
  • Operating Expense Percent: 30.00
  • Rent Control: No
  • Total Expenses: 56926.00
  • Vacancy Allowance Rate: 3.00

Tax Info

  • Tax Lot: 12
  • Tax Tract Number: 5765.01

Map

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2026 $33,674 $2,560,110 $1,757,944 $802,166
2025 $33,674 $2,509,913 $1,723,475 $786,438
2024 $32,226 $2,460,700 $1,689,682 $771,018
2023 $31,677 $2,412,451 $1,656,551 $755,900
2022 $29,728 $2,365,149 $1,624,070 $741,079
2021 $29,131 $2,318,775 $1,592,226 $726,549
2019 $28,715 $2,252,700 $1,545,000 $707,700
2018 $18,057 $1,384,800 $969,000 $415,800
2016 $6,112 $420,045 $152,742 $267,303
2015 $5,892 $413,736 $150,448 $263,288
2014 $5,901 $405,632 $147,501 $258,131
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft Prior Sale
08/18/2026 08/18/26 For Sale $2,200,000 +60.0% $395 / Sq Ft
02/21/2017 02/21/17 Sold $1,375,000 -4.5% $247 / Sq Ft View Prior Sale
01/21/2017 01/21/17 Pending -- -- --
12/12/2016 12/12/16 For Sale $1,440,000 -- $259 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Type Sale Price Title Company
Interfamily Deed Transfer -- Stewart Title
Grant Deed $2,250,000 Stewart Title
Grant Deed $1,975,000 Stewart Title Wlv
Grant Deed $1,355,000 Chicago Title
Interfamily Deed Transfer -- --
Grant Deed $330,000 American Title Co
Interfamily Deed Transfer -- Stewart Title
Interfamily Deed Transfer -- Stewart Title
Grant Deed $125,000 Stewart Title
Interfamily Deed Transfer -- North American Title Co
Interfamily Deed Transfer -- --
Grant Deed -- --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Loan Amount Loan Type
Previous Owner $883,000 Negative Amortization
Previous Owner $24,250,000 Commercial
Previous Owner $645,000 Commercial
Previous Owner $483,000 Commercial
Previous Owner $247,500 Commercial
Previous Owner $150,000 Commercial
Source: Public Records

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB26180743

California Regional Multiple Listing Service (CRMLS)
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