NOT LISTED FOR SALE
6 Beds
6 Baths
6,585 Sq Ft
6,404 Sq Ft Lot

Last Sold May 30, 2024

Last sale price $2,700,000 $410 Per Sq Ft

90 Days on Market

Highlights

  • 0.15 Acre Lot
  • Subterranean Parking
  • Forced Air Heating System
  • Woodrow Wilson High School Rated A
  • Laundry Room
  • 1-Story Property

About This Home

As of May 2024

2222 E. 6th Street is a 9-unit apartment asset built in 1987, located in Long Beach, California. The property is offered at 12.28 GRM and 5.35% cap rate on current rents. The property is comprised of (2) 2BD / 2BA + Loft units; (5) 2BD / 2BA units; (1) 1BD / 1BA + Loft unit; and (1) 1BD / 1BA unit. The secure subterranean garage provides 12 parking spaces. All of the units have been fully remodeled with recessed lighting, new flooring, new kitchen countertops, cabinetry, and stainless steel appliance, new bathroom vanities, tiling, and modern fixtures and features throughout. All 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 License #01456379 Listed on: 01/09/2024

Keller Williams Realty Downey

Last Buyer's Agent

Jon Swire

The Agency License #01336277

The Agency

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1987

Lot Details

  • 6,404 Sq Ft Lot
  • Two or More Common Walls
  • Density is 6-10 Units/Acre

Parking

  • 12 Car Garage
  • Subterranean Parking
  • Parking Available

Home Design

  • Apartment
  • Entry on the 1st floor

Interior Spaces

  • 6,585 Sq Ft Home
  • 1-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 6 Bathrooms

Utilities

  • Forced Air Heating System

Listing and Financial Details

  • Tax Lot 6
  • Tax Tract Number 5768
  • Assessor Parcel Number 7262028006
  • $852 per year additional tax assessments

Community Details

Overview

  • 9 Units
  • Alamitos Beach Subdivision

Building Details

  • Rent Control
  • 9 Separate Electric Meters
  • 9 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $11,770
  • Gardener Expense $1,200
  • Insurance Expense $5,500
  • Maintenance Expense $4,500
  • Other Expense $1,800
  • Pest Control $900
  • Professional Management Expense $11,454
  • New Taxes Expense $36,010
  • Operating Expense $74,034
  • Gross Income $229,089
  • Net Operating Income $155,054

Property Details

Home Type

Multi-Family

Year Built

Built in 1987

Lot Details

6,404 Sq Ft Lot

Parking

12

Listing Details

  • CapRate: 5.35
  • Professional Management Expense: 11454.00
  • 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: 7262028006
  • Year Built: 1987
  • Special Features: None

Interior Features

  • Stories: 1
  • Common Walls: 2+ Common Walls
  • Entry Level: 1
  • Levels: One
  • Price Per Square Foot: 410.02

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 12.00
  • Parking: Yes
  • Parking Features: Subterranean
  • Total Parking Spaces: 12.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Forced Air
  • 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: 6-10 Units/Acre
  • Lot Size Sq Ft: 6404.00
  • Lot Size Acres: 0.1470

Multi Family

  • Electric Expense: 11770.00
  • Gross Income: 229089.00
  • Gross Multiplier: 12.28
  • Gross Scheduled Income: 236174.00
  • Insurance Expense: 5500.00
  • Lot Size Area: 6404.0000 Square Feet
  • Maintenance Expense: 4500.00
  • Net Operating Income: 155054.00
  • Number Of Separate Electric Meters: 9
  • Number Of Separate Gas Meters: 9
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 9
  • Operating Expense: 74034.00
  • Other Expense: 1800.00
  • Other Expense Description: Reserves
  • Rent Control: Yes
  • Total Expenses: 74034.00

Tax Info

  • New Taxes Expense: 36010.00
  • Tax Census Tract: 5768.01
  • Tax Lot: 6
  • Tax Tract Number: 5768
  • TaxOtherAnnualAssessmentAmount: 852.00
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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 Prior Sale
05/30/2024 05/30/24 Sold $2,700,000 -6.9% $410 / Sq Ft
04/08/2024 04/08/24 Pending -- -- --
01/09/2024 01/09/24 For Sale $2,900,000 +31.8% $440 / Sq Ft
04/01/2019 04/01/19 Sold $2,200,000 -17.0% $333 / Sq Ft View Prior Sale
12/17/2018 12/17/18 For Sale $2,650,000 -- $402 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History

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 $30,751 $2,754,000 $1,734,000 $1,020,000
2024 $30,751 $2,406,018 $1,312,373 $1,093,645
2023 $30,253 $2,358,842 $1,286,641 $1,072,201
2022 $28,384 $2,312,591 $1,261,413 $1,051,178
2021 $27,830 $2,267,247 $1,236,680 $1,030,567
2019 $9,996 $761,476 $329,106 $432,370
2018 $9,669 $746,599 $322,653 $423,946
2016 $8,850 $715,015 $310,125 $404,890
2015 $8,501 $704,276 $305,467 $398,809
2014 $8,494 $690,481 $299,484 $390,997
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW23221999

California Regional Multiple Listing Service (CRMLS)
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