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

Sale Details

Date 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
  • 1-Story Property
  • Woodrow Wilson High School Rated A
  • Forced Air Heating System

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 in unit

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

Amenities

  • Laundry Facilities

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

Ownership 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 Name Owned For Owner Type

Purchase Details

Listed on
Jan 9, 2024
Closed on
May 23, 2024
Sold by
Bought by
Seller's Agent
Robert Stepp
Keller Williams Realty Downey
Buyer's Agent
Jon Swire
The Agency
List Price
$2,900,000
Sold Price
$2,700,000
Premium/Discount to List
-$200,000
-6.9%
Views
34

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,620,000
Interest Rate
0.071%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 10, 2019
Sold by
Bought by

Purchase Details

Closed on
Jun 20, 2016
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$550,000
Interest Rate
0.0357%
Mortgage Type
Commercial

Purchase Details

Closed on
Dec 28, 1993
Sold by
Bought by

Purchase Details

Closed on
Dec 10, 1993
Sold by
Bought by
Source: Public Records
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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 Buyer Sale Price Title Company
$2,700,000 Chicago Title Company
$2,200,000 Lawyers Title Oc
-- Accommodation
-- World Title Company
-- World Title Company
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 Borrower Loan Amount
Open $1,620,000
Previous Owner $550,000
Previous Owner $400,000
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
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

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 $35,936 $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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