NOT LISTED FOR SALE

938 E 6th St Long Beach, CA 90802

North Alamitos Beach Neighborhood
1 Bed
1 Bath
7,897 Sq Ft
6,460 Sq Ft Lot

Last Sold May 11, 2018

Last sale price $2,315,000 $293 Per Sq Ft

48 Days on Market

Highlights

  • 6,460 Sq Ft lot
  • Laundry Room
  • Rectangular Lot
  • Long Beach Polytechnic High School Rated A

About This Home

As of May 2018

938 East 6th Street is a well-maintained 10-unit apartment building in Long Beach, California. The property is located near Alamitos Avenue between 4th and 7th Streets, conveniently near the numerous dining, shopping and retail opportunities available in rapidly redeveloping downtown Long Beach and the city's popular Retro Row. Additionally, the property is across from the Museum of Latin American Art and less than a five minute walk from both Franklin Classical Middle School and St. Anthony School.

The offering is a highly desirable 1987 construction that features 10 large one-bedroom/one-bath units that average 798 square feet. The units are separately metered for gas and electricity and have private balconies. The property is securely gated and also features ample covered parking and shared laundry.

938 East 6th Street presents an excellent opportunity for an investor to acquire a sought-after 80s construction in a rapidly redeveloping, dense rental market with low vacancy rates. Furthermore, an astute investor could add value and capture additional potential upside.

Last Agent to Sell the Property

Steve Bogoyevac

Steven M. Bogoyevac, Broker License #01332755 Listed on: 01/16/2018

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

  • 6,460 Sq Ft Lot
  • No Common Walls
  • Rectangular Lot

Parking

  • 10 Car Garage

Interior Spaces

  • 7,897 Sq Ft Home
  • 2-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 1 Bedroom
  • 1 Bathroom

Location

  • Urban Location

Listing and Financial Details

  • Tax Lot 19
  • Assessor Parcel Number 7266007012

Community Details

Building Details

  • 10 Separate Electric Meters
  • 10 Separate Gas Meters
  • Operating Expense $59,968
  • Gross Income $3,925
  • Net Operating Income $102,316

Additional Features

  • 10 Units
  • Laundry Facilities

Property Details

Home Type

Multi-Family

Year Built

Built in 1987

Lot Details

0

Parking

10

Listing Details

  • Property Attached: No
  • Subdivision Name Other: North Alamitos Beach
  • Zoning: LBR3S
  • Property Type: Residential Income
  • Parcel Number: 7266007012
  • Year Built: 1987
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 2
  • Common Walls: No Common Walls
  • Levels: Two
  • Price Per Square Foot: 293.15

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 10.00
  • Total Parking Spaces: 10.00

Utilities

  • Laundry: Yes
  • Laundry Features: Community
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Urban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Rectangular Lot
  • Lot Size Sq Ft: 6460.00

Multi Family

  • Gross Income: 3925.00
  • Gross Scheduled Income: 162000.00
  • Laundry Income: 1011.00
  • Net Operating Income: 102316.00
  • Number Of Separate Electric Meters: 10
  • Number Of Separate Gas Meters: 10
  • Number Of Units Total: 10
  • Operating Expense: 58749.00
  • Other Income1: 2914.00
  • Rent Control: No
  • Total Expenses: 59968.00

Tax Info

  • Tax Census Tract: 5765.01
  • Tax Lot: 19

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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Average Value
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List Price
Sold Price
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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
05/11/2018 05/11/18 Sold $2,315,000 -3.3% $293 / Sq Ft
03/05/2018 03/05/18 Pending -- -- --
02/01/2018 02/01/18 Price Changed $2,395,000 -4.0% $303 / Sq Ft
01/16/2018 01/16/18 For Sale $2,495,000 -- $316 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • S

    Seller's Agent in 2018

    Steve Bogoyevac

    Steven M. Bogoyevac, Broker

    (562) 257-1231

    89 Total Sales

    Steve Bogoyevac
    Section Image
  • Jon Swire

    Buyer's Agent in 2018

    Jon Swire

    The Agency

    (310) 948-2631

    1 in this area

    34 Total Sales

    Jon Swire
    Section Image
See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW18011139

California Regional Multiple Listing Service (CRMLS)
California Los Angeles County Long Beach 90802 North Alamitos Beach

938 E 6th St, Long Beach, CA

Not Listed for Sale

MultiFamily

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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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