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2222 E 6th St, Long Beach, CA 90814
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2222 E 6th St Long Beach, CA 90814

$2,900,000
  • 16 Beds
  • 16 Baths
  • 6,585 Sq.Ft.
Pending
$2,900,000 Get Pre-Qualified
Map preview of 2222 E 6th St, Long Beach, CA 90814

Property Overview: 2222 E 6th St Long Beach, CA has 16 bedrooms, 16 bathrooms, 6,585 living square feet and 6,404 square feet lot size. Call an Ardent Real Estate Group agent to verify current availability of this home or with any questions you may have.

Agent Remarks: 2222 E. 6th Street is a 9-unit apartment asset built in 1987, located in Long Beach, California. The property is offered at 12.28 GRM and 5.35% cap rate on current rents. The property is comprised of (2) 2BD / 2BA + Loft units; (5) 2BD / 2BA units; (1) 1BD / 1BA + Loft unit; and (1) 1BD / 1BA unit. The secure subterranean garage provides 12 parking spaces. All of the units have been fully remodeled with recessed lighting, new flooring, new kitchen countertops, cabinetry, and stainless steel appliance, new bathroom vanities, tiling, and modern fixtures and features throughout. All renovated units offer in- unit washers and dryers. The property is located in walking distance to vibrant Retro Row with attractive shopping, dining and nightlife amenities.

Listed by Robert Stepp | BRE #01456379 | Keller Williams - Santa Monica
Last checked: 2 minutes ago | Last updated: April 18th, 2024 | Source CRMLS | DOM: 90
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Home details

Lot Sq. Ft
6,404
HOA Dues
$0/mo
Year built
1987
Garage
12 Car
Property Type:
Mixed Use
Status
Pending
MLS#
PW23221999
City
Long Beach
County
Los Angeles
Time on Site
120 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 9
  • Total # of Buildings: 1
  • # of Electric Meters: 9
  • # of Gas Meters: 9
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 2
  • # of Beds: 2
  • # of Baths: 2
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,280
  • Total Rent: $4,560
  • Pro Forma/Market Rent: $2,495
Unit Breakdown 2
  • # of Units: 5
  • # of Beds: 2
  • # of Baths: 2
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,177
  • Total Rent: $10,885
  • Pro Forma/Market Rent: $2,495
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,850
  • Total Rent: $1,850
  • Pro Forma/Market Rent: $2,195
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,070
  • Total Rent: $2,070
  • Pro Forma/Market Rent: $2,195
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 5.35%
  • Gross Rent Multiplier: 12.28
  • Gross Scheduled Income: $236,174
  • Net Operating Income: $155,054
  • Gross Operating Income: --
Annual Expense Breakdown
  • Total Operating Expense: $74,034
  • Electric: $11,770
  • Gas/Fuel: $0
  • Licenses: $900
  • New Taxes: $36,010
  • Trash: $0
  • Gardener: $1,200
  • Insurance: $5,500
  • Maintenance: $4,500
  • Professional Management: $11,454
  • Water/Sewer: $0
  • Other Expenses: $1,800
  • Other Expense Description: Reserves

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Property Details for 2222 E 6th St

Interior Features
Heating Information
  • Has Heating
  • Forced Air
Laundry Information
  • Has Laundry
  • Inside
Interior Features
  • Levels: One
Exterior Features
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 12
  • # of Parking Spaces: 12
  • Has Parking
  • Parking Features: Subterranean
Lot Information
  • Lot Features: 6-10 Units/Acre
  • Lot Size Source: Assessor
  • Common Interest: Community Apartment
Property Information
  • Common Walls: 2+ Common Walls
  • Total # of Units: 9
  • Parcel Number: 7262028006
  • Year Built Source: Assessor
  • Entry Level: 1
  • Property is Attached
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
Location / Neighborhood
Location Information
  • Subdivision Name: Alamitos Beach (AB)
  • Directions: E 7th Sr
Neighborhood Information
  • Community Features: Sidewalks
View more facts & features

Local Long Beach Agent

Sale History for 2222 E 6th St

Last sold for $2,200,000 on April 1st, 2019

  • April, 2024

  • Apr 8, 2024

    Date

    Pending

    CRMLS: PW23221999

    $2,900,000

    Price

  • Jan 9, 2024

    Date

    Active

    CRMLS: PW23221999

    $2,900,000

    Price

  • April, 2019

  • Apr 2, 2019

    Date

    Sold

    CRMLS: OC18292930

    $2,200,000

    Price

  • Dec 17, 2018

    Date

    Active

    CRMLS: OC18292930

    $2,650,000

    Price

  • Listing provided courtesy of CRMLS

    NON RENT CONTROL value add opportunity!!! Current rents are way below market and has significant rental upside for a new owner. This three-story gated community was built in 1987 and is individually metered for both gas & electric. This property is 100% occupied and located in a great rental area of EAST SIDE LONG BEACH. 80% of the units are 2 bed + 2 baths with spacious units and balconies. Amenities: Dishwashers, laundry room, carports, balconies, and storage units. Please call listing office for more information.

  • February, 2019

  • Feb 15, 2019

    Date

    Sold (Public Records)

    Public Records

    $2,200,000

    Price

  • January, 1994

  • Jan 5, 1994

    Date

    Sold (Public Records)

    Public Records

    $32,000

    Price

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Tax History for 2222 E 6th St

Assessed Value (2020): $2,246,700
Year Land Value Improved Value Assessed Value
2020 $1,224,000 $1,022,700 $2,246,700

Home Value Compared to the Market

This property vs the competition

2222 E 6th St is listed 262.95% higher than the median list price for the city of Long Beach which has a median list price of $799,000. The median price per/sqft for Long Beach is $645 and this home is listed at $440.39 per/sqft which puts the price per square foot 31.72% lower than the median price per square foot for the city of Long Beach.

About 2222 E 6th St

Detailed summary of property

2222 E 6th St is a mixed use located in Long Beach, CA 90814 and is currently in escrow to be sold. This mixed use property offers 16 bedrooms, 16 bathrooms, roughly 6,585 living square feet, and sits on an approximately 6,404 square foot lot. 2222 E 6th St was first listed on ArdentRealEstateGroup.com on January 9, 2024. The homeowner is currently asking $2,900,000. The median priced home in Long Beach is $799,000 with a median price per square foot of $645. Based on Ardent Real Estate Group's Long Beach Market Data, this home is listed 262.95% higher than the median priced home. Local competing homes currently for sale include 820 Lime Ave, 4130 E 10th St and 1756 Pacific Ave. While the average home in Long Beach, CA is selling in 53 days, 2222 E 6th St has a days on market of 90 days. There are currently 627 homes for sale in the Long Beach real estate market and 356 of them are single family homes while 258 of them are condos and 13 are townhomes. For more information on this home for sale at 2222 E 6th St Long Beach, CA 90814 contact Ardent Real Estate Group and we will put you in touch with one of our Long Beach agents.

Public Facts for 2222 E 6th St

Public county record property details
Beds
16
Baths
16
Year built
1987
Sq. Ft.
6,598
Lot Size
6,404
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
6
APN
7262-028-006

The source for these homes facts are from public records.

90814 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$793,676
Median List Price/Sq.Ft.
$635
Median Sold Price
$845,566
Median Sold Price/Sq.Ft.
$582
Total Inventory
36
Median Sale to List Price %
100%
Avg Days on Market
33
Loan Type
Conventional (28.57%), FHA (0%), VA (0%), Cash (28.57%), Other (42.86%)

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Based on information from California Regional Multiple Listing Service, Inc. as of 2019. 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 usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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