$1,379,000
$170K PRICE DROP

Estimated payment $8,110/month

Total Views 14,001
6 Beds
5 Baths
2,765 Sq Ft
$499 Price per Sq Ft

Highlights

  • Built in 1902 | Newly Remodeled
  • 3-minute walk to Pacific Station
  • No HOA
  • 0.17 Acre Lot
  • Craftsman Architecture
  • Laundry Room

About This Home

FOR SALE: 4-UNIT PROPERTY | 237 W. 6th St., Long Beach Turnkey fourplex in the historic Wilmore City District, just outside Downtown Long Beach! This high-income-producing asset includes two brand-new construction units (built in 2023) featuring 2 bedrooms, 1 bathroom, modern interiors, and in-unit washer/dryers. The additional two units include a 1-bedroom, 1-bathroom and a 1-bedroom, 2-bathroom, both also equipped with in-unit laundry. Property Highlights: Prime Location – Minutes from Downtown Long Beach, freeways, and local attractions New Construction Units – Modern features, durable finishes, and strong tenant appeal Five-Car Garage – Secure parking and additional rental potential Strong Rental Income – Fully leased with market-driven rents Path of Growth – Positioned in an appreciating neighborhood with increasing demand This is an exceptional investment opportunity in a growing Long Beach submarket. Don’t miss out on this rare fourplex—schedule a showing today!

Listing Agent

Juan Huizar

Sage Real Estate Group, Inc. Brokerage Phone: 562-307-0838 License #01417642 Listed on: 02/14/2025

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1902 | Newly Remodeled

Lot Details

  • 7,497 Sq Ft Lot
  • Two or More Common Walls
  • Density is up to 1 Unit/Acre

Parking

  • 5 Car Garage
  • Parking Available
  • Driveway

Home Design

  • Craftsman Architecture
  • Quadruplex
  • Entry on the 1st floor
  • Raised Foundation
  • Shingle Roof

Interior Spaces

  • 2,765 Sq Ft Home
  • 1-Story Property
  • Vinyl Flooring
  • Gas Range

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 5 Bathrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer

Utilities

  • Forced Air Heating and Cooling System

Listing and Financial Details

  • Legal Lot and Block 20 / 39
  • Tax Tract Number 1
  • Assessor Parcel Number 7272021012

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 4 Units
  • Willmore District Subdivision

Building Details

  • 4 Leased Units
  • Rent Control
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $1,680
  • Insurance Expense $4,000
  • Maintenance Expense $2,400
  • Professional Management Expense $5,442
  • Water Sewer Expense $1,030
  • New Taxes Expense $18,123
  • Operating Expense $32,652
  • Gross Income $108,480
  • Net Operating Income $73,658

Property Details

Home Type

Multi-Family

Year Built

Built in 1902 | Newly Remodeled

Lot Details

0

Parking

5

Listing Details

  • CapRate: 5.34
  • Professional Management Expense: 5442.00
  • Property Attached: Yes
  • Subdivision Name Other: Willmore District (WM)
  • View: No
  • Water Sewer Expenses: 1030.00
  • Zoning: LBPD10
  • Architectural Style: Craftsman
  • New Construction: Yes
  • Property Sub Type: Quadruplex
  • Property Type: Residential Income
  • Gardener Expense: 1680.00
  • Parcel Number: 7272021012
  • Year Built: 1902
  • Special Features: None

Interior Features

  • Fireplace: No
  • Stories: 1
  • Common Walls: 2+ Common Walls
  • Flooring: Vinyl
  • Appliances: Yes
  • Entry Level: 1
  • Price Per Square Foot: 498.73
  • Room Type: All Bedrooms Down

Exterior Features

  • Foundation: Raised
  • Pool Private: No
  • Roof: Shingle
  • Spa: No

Garage/Parking

  • Garage Spaces: 5.00
  • Parking: Yes
  • Parking Features: Driveway, Garage
  • Total Parking Spaces: 5.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Appliances: Gas Range
  • Heating Type: Forced Air
  • Laundry Features: Dryer Included, Washer Included
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 7497.00
  • Lot Size Acres: 0.1721

Rental Info

  • Tenant Pays: All Utilities

Multi Family

  • Average2 Bed Area: 625 Square Feet
  • Gross Income: 108480.00
  • Gross Multiplier: 12.71
  • Gross Scheduled Income: 108480.00
  • Insurance Expense: 4000.00
  • Lot Size Area: 7497.0000 Square Feet
  • Maintenance Expense: 2400.00
  • Net Operating Income: 73658.40
  • Number Of Rented Garages: 4
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 4
  • Number Of Units Total: 4
  • Number With Range: 4
  • Number With Refrigerator: 4
  • Operating Expense: 32652.00
  • Rent Control: Yes
  • Total Actual Rent: 8890.00
  • Total Expenses: 32652.00
  • Vacancy Allowance Rate: 2.00

Tax Info

  • New Taxes Expense: 18123.00
  • Tax Block: 39
  • Tax Census Tract: 5759.02
  • Tax Lot: 20
  • Tax Tract Number: 1

Map

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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 $10,624 $811,512 $520,200 $291,312
2024 $10,624 $795,600 $510,000 $285,600
2023 $1,523 $63,355 $54,778 $8,577
2022 $1,230 $62,113 $53,704 $8,409
2021 $1,194 $60,896 $52,651 $8,245
2019 $1,178 $59,092 $51,091 $8,001
2018 $1,046 $57,935 $50,090 $7,845
2016 $960 $55,688 $48,146 $7,542
2015 $930 $54,852 $47,423 $7,429
2014 $938 $53,779 $46,495 $7,284
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
10/13/2025 10/13/25 Price Changed $1,379,000 -4.9% $499 / Sq Ft
06/23/2025 06/23/25 Price Changed $1,449,900 +26.1% $524 / Sq Ft
06/23/2025 06/23/25 Price Changed $1,149,900 -21.9% $416 / Sq Ft
06/04/2025 06/04/25 Price Changed $1,472,500 -1.2% $533 / Sq Ft
03/31/2025 03/31/25 Price Changed $1,490,000 -3.8% $539 / Sq Ft
02/14/2025 02/14/25 For Sale $1,549,000 +98.6% $560 / Sq Ft
02/03/2023 02/03/23 Sold $780,000 -8.1% $498 / Sq Ft View Prior Sale
11/16/2022 11/16/22 Price Changed $849,000 -3.4% $542 / Sq Ft
10/28/2022 10/28/22 For Sale $879,000 -- $562 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Purchase History

Date Type Sale Price Title Company
Interfamily Deed Transfer -- --
Source: Public Records

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW25032669

California Regional Multiple Listing Service (CRMLS)

APN: 7272-021-012