NOT LISTED FOR SALE

2103 E 6th St Long Beach, CA 90814

North Alamitos Beach Neighborhood
8 Beds
5 Baths
4,400 Sq Ft
5,302 Sq Ft Lot

Last Sold March 19, 2024

Last sale price $1,700,000 $386 Per Sq Ft

121 Days on Market

Highlights

  • 0.12 Acre Lot
  • Laundry Room
  • 1-Story Property
  • Woodrow Wilson High School Rated A

About This Home

As of March 2024

2103 E. 6th Street is a 5-unit apartment asset built in 1980, located in Long Beach, California. The property is offered at 12.43 GRM and 5.25% cap rate on current rents. The property is comprised of (1) 3BD / 2BA unit; (1) 2BD / 1BA + Loft unit: (2) 2BD / 1BA units; and (1) 1BD / 1BA unit. Gated parking provides four (4) parking spaces. Four (4) of the units have been fully remodeled with recessed lighting, new flooring, new kitchen countertops, cabinetry, and stainless steel appliance, new bathrooms, and modern fixtures and features throughout. Renovated units offer in-unit washers and dryers.
The property is located in walking distance to vibrant Retro Row with attractive shopping, dining and nightlife amenities.

Last Agent to Sell the Property

Robert Stepp

Keller Williams Realty Downey Brokerage Phone: 310-463-2916 License #01456379 Listed on: 11/06/2023

Keller Williams Realty Downey

Last Buyer's Agent

Anthony Walker

Buckingham Investments, Inc License #01908153

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1980

Lot Details

  • 5,302 Sq Ft Lot
  • Two or More Common Walls
  • Density is 2-5 Units/Acre

Home Design

  • Apartment
  • Entry on the 1st floor

Interior Spaces

  • 4,400 Sq Ft Home
  • 1-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 5 Bathrooms

Parking

  • 4 Parking Spaces
  • 4 Carport Spaces

Listing and Financial Details

  • Tax Lot 5
  • Tax Tract Number 5768
  • Assessor Parcel Number 7262026022
  • $1,019 per year additional tax assessments

Community Details

Overview

  • 5 Units
  • Alamitos Beach Subdivision

Building Details

  • Rent Control
  • 5 Separate Electric Meters
  • 5 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $6,018
  • Gardener Expense $1,200
  • Insurance Expense $4,000
  • Maintenance Expense $2,750
  • Other Expense $1,250
  • Pest Control $900
  • Professional Management Expense $7,220
  • New Taxes Expense $23,015
  • Operating Expense $47,253
  • Gross Income $144,406
  • Net Operating Income $97,153

Property Details

Home Type

Multi-Family

Year Built

Built in 1980

Lot Details

0

Listing Details

  • CapRate: 5.25
  • Professional Management Expense: 7220.00
  • Property Attached: Yes
  • Subdivision Name Other: Alamitos Beach (AB)
  • Zoning: LBR1N
  • Property Sub Type: Commercial/Residential
  • Property Type: Residential Income
  • Gardener Expense: 1200.00
  • Parcel Number: 7262026022
  • Year Built: 1980
  • Special Features: None

Interior Features

  • Stories: 1
  • Common Walls: 2+ Common Walls
  • Entry Level: 1
  • Levels: One
  • Price Per Square Foot: 386.36

Exterior Features

  • Pool Private: No

Garage/Parking

  • Carport Spaces: 4.00
  • Total Parking Spaces: 4.00

Utilities

  • Laundry: Yes
  • Laundry Features: Inside
  • Pest Control Expense: 900.00
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Common Interest: Community Apartment
  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 2-5 Units/Acre
  • Lot Size Sq Ft: 5302.00
  • Lot Size Acres: 0.1217

Multi Family

  • Electric Expense: 6018.00
  • Gross Income: 144406.00
  • Gross Multiplier: 12.43
  • Gross Scheduled Income: 148872.00
  • Insurance Expense: 4000.00
  • Lot Size Area: 5302.0000 Square Feet
  • Maintenance Expense: 2750.00
  • Net Operating Income: 97153.00
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Gas Meters: 5
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 5
  • Operating Expense: 47253.00
  • Other Expense: 1250.00
  • Other Expense Description: Reserves
  • Rent Control: Yes
  • Total Expenses: 47253.00

Tax Info

  • New Taxes Expense: 23015.00
  • Tax Census Tract: 5768.01
  • Tax Lot: 5
  • Tax Tract Number: 5768
  • TaxOtherAnnualAssessmentAmount: 1019.00

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/19/2024 03/19/24 Sold $1,700,000 -8.1% $386 / Sq Ft
03/06/2024 03/06/24 Pending -- -- --
11/06/2023 11/06/23 For Sale $1,850,000 -- $420 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Robert Stepp

    Seller's Agent in 2024

    Robert Stepp

    Keller Williams Realty Downey

    (310) 463-2916

    13 in this area

    75 Total Sales

    Robert Stepp
    Section Image
  • Anthony Walker

    Buyer's Agent in 2024

    Anthony Walker

    Buckingham Investments, Inc

    (310) 982-7055

    8 in this area

    82 Total Sales

    Anthony Walker
    Section Image
See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW23206478

California Regional Multiple Listing Service (CRMLS)
California Los Angeles County Long Beach 90814 North Alamitos Beach

2103 E 6th St, Long Beach, CA

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California Regional Multiple Listing Service (CRMLS) The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information

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