$2,380,000

Estimated payment $15,649/month

Total Views 1,282
9 Beds
9 Baths
5,570 Sq Ft
$427 Price per Sq Ft

Highlights

  • 0.15 Acre Lot
  • No HOA
  • Laundry Room
  • Long Beach Polytechnic High School Rated A
  • Cooling System Mounted To A Wall/Window
  • Vinyl Flooring

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 local dining and retail, 1056 E. 6th St.
offers the perfect blend of convenience and desirability for tenants.
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 layout appeals to the strong local demand for smaller rental units, supporting consistent occupancy and dependable renter interest.
Includes four secure, private garages, offering valuable on-site parking-an attractive amenity in this neighborhood. The garages also provide an opportunity for additional rental income or enhanced tenant convenience.
1056 E. 6th St. is a proven income-producing asset located in one of Long Beach's most desirable rental submarkets. Ideal for investors seeking stability, long-term performance, and a well-located multifamily property with enduring renter appeal.

Listing Agent

Chris Eto

Ocean Palisades Realty, Inc. Brokerage Email: chris.eto66@gmail.com License #01967104 Listed on: 04/17/2026

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 Room

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

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
  • Electric Expense $732
  • Insurance Expense $7,003
  • Professional Management Expense $9,569
  • Trash Expense $1,000
  • Water Sewer Expense $2,561
  • Operating Expense $58,749
  • Gross Income $190,819
  • Net Operating Income $132,631

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: 5.57
  • Professional Management Expense: 9568.90
  • Property Attached: Yes
  • Subdivision Name Other: Alamitos Beach (AB)
  • Water Sewer Expenses: 2560.60
  • Property Sub Type: Apartment
  • Property Type: Residential Income
  • Parcel Number: 7266007005
  • Year Built: 1955
  • Special Features: None

Interior Features

  • Fireplace: No
  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Flooring: Vinyl, Laminate
  • Entry Level: 1
  • Price Per Square Foot: 427.29

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: 999.55
  • 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

  • Garage Rental Rate: 200.00
  • Tenant Pays: Gas, Electricity

Multi Family

  • Electric Expense: 732.38
  • Garage Income: 2400.00
  • Gross Income: 190819.00
  • Gross Multiplier: 12.06
  • Gross Operating Income: 197298.00
  • Gross Scheduled Income: 190819.00
  • Insurance Expense: 7003.00
  • Laundry Income: 340.00
  • Lot Size Area: 6458.0000 Square Feet
  • Net Operating Income: 132631.00
  • Number Of Rented Garages: 1
  • Number Of Separate Electric Meters: 9
  • Number Of Separate Gas Meters: 9
  • Number Of Units Total: 9
  • Operating Expense: 58749.00
  • Operating Expense Percent: 31.00
  • Rent Control: No
  • Total Expenses: 58749.00
  • 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
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
04/17/2026 04/17/26 For Sale $2,380,000 +73.1% $427 / 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)

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB26083768

California Regional Multiple Listing Service (CRMLS)
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