NOT LISTED FOR SALE
3 Beds
2 Baths
6,706 Sq Ft
6,501 Sq Ft Lot

Last Sold October 23, 2019

Last sale price $3,150,000 $470 Per Sq Ft

57 Days on Market

About This Home

As of October 2019

3117 E. 6th Street is a 9-unit investment opportunity in popular Eastside Long Beach, just two blocks from Fourth Street/ Retro Row. The property offers a desirable mix of (2) one-bedroom/one-bath units and (7) two- bedroom/one-bath units. All units have been completely renovated with new wood- style flooring, quartz countertops, Shaker- style cabinetry, stainless steel appliances and designer fixtures and hardware throughout. The building also features community BBQ and dining facilities. The Eastside location gives tenants walkability to Fourth Street/Retro Row shops, eateries, and boutiques. This property provides an excellent opportunity for a buyer to own a completely turnkey asset in a highly sought-after submarket. The area surrounding Rose Circle Park, known for its enclave of desirable 1910-1922 Craftsman Bungalows, has developed into a bustling, walkable neighborhood offering many dining, nightlife and retail amenities. Eclectic and hip Fourth Street Retro Row is a popular destination for its selection of vintage and contemporary clothing, furniture, homegoods, art antiques and skateboards as well as locally-owned restaurants, coffee shops and wine bars.

Last Agent to Sell the Property

Robert Stepp

Keller Williams Realty Downey License #01456379 Listed on: 07/29/2019

Keller Williams Realty Downey

Last Buyer's Agent

Chase Wybenga

Circle Real Estate License #02012062

Circle Real Estate

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1961

Lot Details

  • 6,501 Sq Ft Lot
  • Two or More Common Walls
  • Density is 6-10 Units/Acre

Parking

  • 4 Car Garage
  • Parking Available

Home Design

  • 6,706 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Bathrooms

Additional Features

  • Exterior Lighting
  • Urban Location

Listing and Financial Details

  • Legal Lot and Block 21 / F
  • Tax Tract Number 5768
  • Assessor Parcel Number 7258029024

Community Details

Overview

  • 9 Units

Building Details

  • 9 Separate Electric Meters
  • 9 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $1,322
  • Fuel Expense $1,322
  • Gardener Expense $1,180
  • Insurance Expense $5,785
  • Maintenance Expense $3,375
  • Other Expense $1,575
  • Pest Control $1,863
  • Professional Management Expense $9,545
  • Trash Expense $1,322
  • Water Sewer Expense $1,322
  • New Taxes Expense $42,020
  • Operating Expense $71,132
  • Gross Income $212,121
  • Net Operating Income $140,989

Property Details

Home Type

Multi-Family

Year Built

Built in 1961

Lot Details

0

Parking

4

Listing Details

  • Professional Management Expense: 9545.00
  • Property Attached: Yes
  • Subdivision Name Other: Eastside (ES)
  • Water Sewer Expenses: 1322.00
  • Zoning: LBR2N
  • Property Type: Residential Income
  • Gardener Expense: 1180.00
  • Parcel Number: 7258029024
  • Year Built: 1961
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 2+ Common Walls
  • Price Per Square Foot: 469.73

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 4.00
  • Parking: Yes
  • Parking Features: Garage
  • Total Parking Spaces: 4.00

Utilities

  • Laundry: No
  • Pest Control Expense: 1863.00
  • Sewer: Public Sewer
  • Trash Expense: 1322.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Sidewalks, Street Lights, Urban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 6-10 Units/Acre
  • Lot Size Sq Ft: 6501.00
  • Lot Size Acres: 0.1492

Multi Family

  • Electric Expense: 1322.00
  • Fuel Expense: 1322.00
  • Gross Income: 212121.00
  • Gross Scheduled Income: 213180.00
  • Insurance Expense: 5785.00
  • Lot Size Area: 6501.0000 Square Feet
  • Maintenance Expense: 3375.00
  • Net Operating Income: 140989.00
  • 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: 71132.00
  • Other Expense: 1575.00
  • Other Expense Description: Reserves
  • Rent Control: No
  • Total Expenses: 71132.00

Tax Info

  • New Taxes Expense: 42020.00
  • Tax Block: F
  • Tax Census Tract: 5768.02
  • Tax Lot: 21
  • Tax Tract Number: 5768

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
10/23/2019 10/23/19 Sold $3,150,000 -1.6% $470 / Sq Ft
09/24/2019 09/24/19 Pending -- -- --
07/29/2019 07/29/19 For Sale $3,200,000 -- $477 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW19179969

California Regional Multiple Listing Service (CRMLS)