Description
711 E 6th St | 12-Unit Multifamily, Long Beach. 1953-built asset totaling 5,040 SF on an 8,064 SF lot in an established residential corridor near Long Beach's downtown core. The property features (12) studio units averaging 420 SF with zero parking obligationa structural advantage in this dense urban submarket. Ten units are currently occupied and every unit is at or below market, with in-place rents averaging $1,507.50/month against market rents of $1,525 and two units positioned at market ready to lease. Offered at $2,000,000 ($166,667/unit | $396.83/SF) with a 6.64% in-place cap rate, the real story is execution simplicitya 6.77% pro forma cap and immediate distribution capacity as two market-ready units lease with zero capex required.
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0BEDS
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0.17ACRES
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0BATHS
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01/2 BATHS
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4,820SQFT
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$415$/SQFT
School Ratings & Info
Description
711 E 6th St | 12-Unit Multifamily, Long Beach. 1953-built asset totaling 5,040 SF on an 8,064 SF lot in an established residential corridor near Long Beach's downtown core. The property features (12) studio units averaging 420 SF with zero parking obligationa structural advantage in this dense urban submarket. Ten units are currently occupied and every unit is at or below market, with in-place rents averaging $1,507.50/month against market rents of $1,525 and two units positioned at market ready to lease. Offered at $2,000,000 ($166,667/unit | $396.83/SF) with a 6.64% in-place cap rate, the real story is execution simplicitya 6.77% pro forma cap and immediate distribution capacity as two market-ready units lease with zero capex required.
Based on information from California Regional Multiple Listing Service, Inc. as of 2026-10-05T19:32:37.093. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Realty ONE Group Empire. Licensed in the State of California, USA.