$1,650,000

463 W 6th St Long Beach, CA 90802

West Village Neighborhood

Estimated payment $10,781/month

Total Views 169
1 Bed
2 Baths
4,001 Sq Ft
$412 Price per Sq Ft

About This Home

463 W. 6th Street is a well-located, 8-unit apartment asset in the heart of Downtown Long Beach. Priced at a 6.00% cap rate and a 10.49 GRM based on current rents, the property offers strong in-place income with additional upside potential.
The well-maintained building features new exterior paint and a refreshed entry awning. The unit mix includes (2)
1-bed/1-bath units and (6) studio units, all of which offer hardwood flooring and upgraded kitchens and bathrooms. Additional highlights include upgraded electrical systems and desirable 1920s architectural detailing.
Ideally situated in Downtown Long Beach, the property boasts a Walk Score of 89—“Very Walkable”—with most daily errands easily accomplished on foot. The property also offers convenient access to the 710 Freeway, providing seamless connectivity throughout Long Beach and the greater Los Angeles area.

Listing Agent

Robert Stepp

Keller Williams Realty Downey Brokerage Phone: 310-463-2916 License #01456379 Listed on: 07/22/2025

Keller Williams Realty Downey

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1923

Lot Details

  • 2,534 Sq Ft Lot
  • Two or More Common Walls
  • Density is 6-10 Units/Acre

Home Design

  • Apartment

Interior Spaces

  • 4,001 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 1 Bedroom
  • 2 Bathrooms

Listing and Financial Details

  • Legal Lot and Block 18 / 37
  • Tax Tract Number 575
  • Assessor Parcel Number 7272023022
  • $1,294 per year additional tax assessments

Community Details

Overview

  • 8 Units
  • Downtown Subdivision

Building Details

  • Rent Control
  • 8 Separate Electric Meters
  • 8 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $735
  • Fuel Expense $735
  • Insurance Expense $8,000
  • Maintenance Expense $5,600
  • Other Expense $2,400
  • Pest Control $1,200
  • Professional Management Expense $9,010
  • Trash Expense $736
  • Water Sewer Expense $736
  • New Taxes Expense $22,463
  • Operating Expense $53,115
  • Gross Income $152,600
  • Net Operating Income $99,485

Property Details

Home Type

Multi-Family

Year Built

Built in 1923

Lot Details

0

Listing Details

  • CapRate: 6.03
  • Price Per Unit: 206250
  • Professional Management Expense: 9010.00
  • Property Attached: Yes
  • Subdivision Name Other: Downtown (DT)
  • Water Sewer Expenses: 736.00
  • Zoning: LBPD30
  • Property Sub Type: Apartment
  • Property Type: Residential Income
  • Parcel Number: 7272023022
  • Year Built: 1923
  • Special Features: None

Interior Features

  • Stories: 2
  • Entry Location: 1
  • Common Walls: 2+ Common Walls
  • Entry Level: 1
  • Levels: Two
  • Price Per Square Foot: 412.40

Exterior Features

  • Pool Private: No

Utilities

  • Laundry: No
  • Pest Control Expense: 1200.00
  • Sewer: Public Sewer
  • Trash Expense: 736.00
  • 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: 2534.00
  • Lot Size Acres: 0.0582

Multi Family

  • Electric Expense: 735.00
  • Fuel Expense: 735.00
  • Gross Income: 152600.00
  • Gross Multiplier: 10.49
  • Gross Scheduled Income: 157320.00
  • Insurance Expense: 8000.00
  • Lot Size Area: 2534.0000 Square Feet
  • Maintenance Expense: 5600.00
  • Net Operating Income: 99485.00
  • Number Of Separate Electric Meters: 8
  • Number Of Separate Gas Meters: 8
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 8
  • Operating Expense: 53115.00
  • Other Expense: 2400.00
  • Other Expense Description: Reserves
  • Rent Control: Yes
  • Total Expenses: 53115.00

Tax Info

  • New Taxes Expense: 22463.00
  • Tax Block: 37
  • Tax Census Tract: 5759.02
  • Tax Lot: 18
  • Tax Tract Number: 575...
  • TaxOtherAnnualAssessmentAmount: 1294.00

Map

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 Change Sq Ft Price
07/22/2025 07/22/25 For Sale $1,650,000 -- $412 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW25164387

California Regional Multiple Listing Service (CRMLS)

California Los Angeles County Long Beach 90802 West Village

463 W 6th St, Long Beach, CA

This home is located at 463 W 6th St, Long Beach, CA 90802 and is currently priced at $1,650,000, approximately $412 per square foot. This property was built in 1923. 463 W 6th St is a home located in Los Angeles County with nearby schools including Edison Elementary School, Washington Middle School, and Juan Rodriguez Cabrillo High School.

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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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Robert Stepp
Listing Agent
Robert Stepp
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Keller Williams Realty Downey
(562) 667-2910