Search
621 E 6th St, Long Beach, CA 90802
View Photos

621 E 6th St Long Beach, CA 90802

$2,000,000 Sold Price as of 03/05/2021
  • 154 Beds
  • 143 Baths
  • 8,136 Sq.Ft.
Sold
$2,000,000 Sold Price as of 03/05/2021 Refinance Your Mortgage
Map preview of 621 E 6th St, Long Beach, CA 90802

Property Overview: 621 E 6th St Long Beach, CA has 154 bedrooms, 143 bathrooms, 8,136 living square feet and 7,437 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Great stable investment opportunity, 11-Unit Apartment Building. This property is located at 621 E. 6th St. in Downtown Long Beach, California. Property consists of 8,136 sqft of rentable living space with 11 residential units. (6) 1 Bedroom 1 Bath (1) 2 Bedroom 2 Bath (3) Studios (1) 3 Bedroom 2 Bath. Additionally, each unit is separately metered for gas and electricity. Property being sold Tenant Occupied and in AS-IS condition. This property is just steps to downtown Long Beach with a wide variety of businesses, restaurant’s and entertainment. Don’t miss this rare opportunity to acquire a stable asset in a prime costal location with true rental upside.

Listed by Sarah Martin | BRE #01935143 | First Team Real Estate
Last checked: 6 minutes ago | Last updated: June 14th, 2022 | Source CRMLS | DOM: 64

Home details

Lot Sq. Ft
7,437
HOA Dues
$0/mo
Year built
1923
Garage
2 Car
Property Type:
Apartment
Status
Sold
MLS#
PW20135477
City
Long Beach
County
Los Angeles
Time on Site
1338 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 11
  • Total # of Buildings: 3
  • # of Electric Meters: 11
  • # of Gas Meters: 11
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 11
  • # of Beds: 14
  • # of Baths: 13
  • Garage Spaces: 2
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $11,305
  • Total Rent: $11,305
  • Pro Forma/Market Rent: $14,000
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 5.09%
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $16,145
  • Net Operating Income: $154,992
  • Gross Operating Income: --
Annual Expense Breakdown
  • Total Operating Expense: $38,748
  • New Taxes: $0
  • Trash: $0
  • Insurance: $0
  • Professional Management: $0
  • Water/Sewer: $0

Property Details for 621 E 6th St

Interior Features
Cooling Information
  • Has Cooling
  • See Remarks
Heating Information
  • Has Heating
  • See Remarks
Laundry Information
  • Has Laundry
  • Individual Room
Fireplace Information
  • Has Fireplace
  • See Remarks
Room Information
  • Flooring: Vinyl
  • Living Room, Master Bedroom
Interior Features
  • Open Floorplan
Exterior Features
Exterior Information
  • Roof: Composition
  • Lighting
  • No Spa
  • Spa Features: None
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 2
  • # of Parking Spaces: 2
Lot Information
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Source: Assessor
  • Common Interest: Community Apartment
Property Information
  • Common Walls: 2+ Common Walls
  • Total # of Units: 11
  • Parcel Number: 7274018038
  • Year Built Source: Assessor
  • Property is Attached
  • Accessibility Features: Other
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
  • Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Available
Location / Neighborhood
Location Information
  • Subdivision Name: Alamitos Beach (AB)
  • Directions: Atlantic Ave & 6th St.
  • Road Frontage Type: City Street
  • Road Surface Type: Alley Paved, Paved
Neighborhood Information
  • Community Features: Curbs, Sidewalks, Storm Drains, Street Lights
View more facts & features

Local Long Beach Agent

Sale History for 621 E 6th St

Last sold for $2,000,000 on March 5th, 2021

  • October, 2021

  • Oct 14, 2021

    Date

    Withdrawn

    CRMLS: SB21202156

    $2,600,000

    Price

  • Sep 13, 2021

    Date

    Coming Soon

    CRMLS: SB21202156

    $2,600,000

    Price

  • Listing provided courtesy of CRMLS

    Partially remodeled, and cash flowing 11-Unit located just outside of the Booming Downtown Long Beach. With room to grow the remaining, nonremodeled units, this asset is an ideal opportunity for any investor looking to capitalize on the remaining improvements available and increase the current cash flow. With 8,136 Sq.Ft of rentable space, the 6th St. Apartments have spacious units, including a Remodeled 3-Bd/2-Ba House. The remaining (10) units are comprised of (1) 2-Bd/2-Ba, (7) 1-Bd/1-Ba, & (2) Studios, where Two of the 1- Bd/1-Ba have also been Remodeled. The (3) remodeled units have been fully gutted, and include hardwood flooring, new cabinets, and brand new stainless steel appliances. Opportunity to add ADU 1Bed + 1Bath unit and increase monthly cash-flow. With all rents in place, the property is currently at a 4.51% Cap and 14.15 GRM. With nearly 30% rental upside available, the new buyer has a chance to achieve a 6.96% Cap and 10.42 GRM on proforma rents. All tenants are currently paying! This is the perfect opportunity for the new owner to capitalize on turning the remaining units one by one, while being supported by strong monthly income from the other units. The upside in the Long Beach Market is limitless, with $6 Billion in new capital pouring into projects such as the Long Beach Civic Center, Long Beach Aquarium, OceanAire Project, CSULB Downtown Village, Broadway Block, The Pacific, and Queen Mary Island.

  • March, 2021

  • Mar 7, 2021

    Date

    Sold

    CRMLS: PW20135477

    $2,000,000

    Price

  • Dec 28, 2020

    Date

    Pending

    CRMLS: PW20135477

    $2,299,000

    Price

  • Dec 28, 2020

    Date

    Active

    CRMLS: PW20135477

    $2,299,000

    Price

  • Oct 13, 2020

    Date

    Hold

    CRMLS: PW20135477

    $2,299,000

    Price

  • Oct 12, 2020

    Date

    Active

    CRMLS: PW20135477

    $2,299,000

    Price

  • Sep 11, 2020

    Date

    Hold

    CRMLS: PW20135477

    $2,299,000

    Price

  • Aug 10, 2020

    Date

    Price Change

    CRMLS: PW20135477

    $2,299,000

    Price

  • Jul 10, 2020

    Date

    Active

    CRMLS: PW20135477

    $2,495,000

    Price

  • February, 2020

  • Feb 9, 2020

    Date

    Expired

    CRMLS: PW18037245

    $2,025,000

    Price

  • May 23, 2018

    Date

    Withdrawn

    CRMLS: PW18037245

    $2,025,000

    Price

  • Feb 26, 2018

    Date

    Pending

    CRMLS: PW18037245

    $2,025,000

    Price

  • Feb 16, 2018

    Date

    Active

    CRMLS: PW18037245

    $2,025,000

    Price

  • Listing provided courtesy of CRMLS

    Great stable investment opportunity, 11-Unit Apartment Building 100% occupied. This property is located at 621 E. 6th St. in Downtown Long Beach, California. Property consists of 8,136 sqft of rentable living space with 11 residential units. (6) 1 Bedroom 1 Bath (1) 2 Bedroom 2 Bath (3) Studios (1) 3 Bedroom 2 Bath. Additionally, each unit is separately metered for gas and electricity. Property being sold Tenant Occupied and in AS-IS condition. This property is just steps to downtown Long Beach with a wide variety of businesses, restaurant’s and entertainment. Don’t miss this rare opportunity to acquire a stable asset in a prime costal location with true rental upside.

  • November, 2019

  • Nov 19, 2019

    Date

    Canceled

    CRMLS: 19516682

    $3,250,000

    Price

  • Nov 6, 2019

    Date

    Price Change

    CRMLS: 19516682

    $3,250,000

    Price

  • Oct 14, 2019

    Date

    Active

    CRMLS: 19516682

    $3,900,000

    Price

  • Listing provided courtesy of CRMLS

    Great Investment Property. Front building is craftsman style with two more detached buildings plus storage. This property is located in Downtown Long Beach, Arts - East Village Area. Walk to Pine Ave, Metro Blue Line, Promenade, Museums, Dining, Shopping and Entertainment District. A total of 11 residential units, Six - 1 bedroom 1 Bath units, One - 2 bedroom 2 bath unit, Three - Studios and One - 3 bedroom 2 bath unit. All units are individually metered for gas and electricity. Property is tenant occupied and will be sold with tenants. Easy access to Shoreline Village, the Pike Outlets and the Aquarium of the Pacific, beaches, transportation and more.

  • November, 2014

  • Nov 18, 2014

    Date

    Sold (Public Records)

    Public Records

    $1,305,000

    Price

  • October, 2004

  • Oct 5, 2004

    Date

    Sold (Public Records)

    Public Records

    $1,100,000

    Price

Show More

Tax History for 621 E 6th St

Assessed Value (2020): $1,434,111
Year Land Value Improved Value Assessed Value
2020 $1,000,033 $434,078 $1,434,111

Home Value Compared to the Market

This property vs the competition

621 E 6th St sold on March 5, 2021 for 180.71% higher than the current median sold price for the city of Long Beach which is $819,000. The median sold price per/sqft for Long Beach is $628 and this home is sold at $282.57 per/sqft which puts the price per square foot 55% lower than the current median sale per square foot for the city of Long Beach.

About 621 E 6th St

Detailed summary of property

621 E 6th St is a apartment that recently sold in Long Beach, CA 90802. This apartment offered 154 bedrooms, 143 bathrooms, roughly 8,136 living square feet, and sits on an approximately 7,437 square foot lot. 621 E 6th St was first listed on ArdentRealEstateGroup.com on January 20, 2021. The homeowner sold the property for $2,000,000. Home in Long Beach are selling for a median price of $819,000 and a median price per square foot of $628. Based on Ardent Real Estate Group's Long Beach Market Data, this home is sold 180.71% higher than the current median priced home. Local homes that are currently for sale include 2011 Cedar Ave, 1724 Cherry Ave and 1512 N Stanton Pl. While the average home in Long Beach, CA is selling in 62 days, 621 E 6th St has a days on market of 64 days. There are currently 778 homes for sale in the Long Beach real estate market and 416 of them are single family homes while 337 of them are condos and 23 are townhomes. For more information on this home for sale at 621 E 6th St Long Beach, CA 90802 contact Ardent Real Estate Group and we will put you in touch with one of our Long Beach agents.

Public Facts for 621 E 6th St

Public county record property details
Beds
--
Baths
--
Year built
1923
Sq. Ft.
8,136
Lot Size
7,436
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
21,22
APN
7274-018-038

The source for these homes facts are from public records.

90802 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$569,000
Median List Price/Sq.Ft.
$660
Median Sold Price
$515,000
Median Sold Price/Sq.Ft.
$619
Total Inventory
173
Median Sale to List Price %
100.39%
Avg Days on Market
43
Loan Type
Conventional (60.71%), FHA (7.14%), VA (0%), Cash (14.29%), Other (17.86%)

Thinking of Selling?

Image Description
Is this your property?
Thinking of Selling?
Call, Text or Message
(714) 706-1823

Homes for Sale Near 621 E 6th St

Nearby Homes for Sale

1004 E 5th St, Long Beach, CA 90802
$2,300,000
144 Beds
81 Baths
7122 Sq.Ft.
1004 E 5th St
Long Beach, CA 90802
1052 E 5th St, Long Beach, CA 90802
$1,600,000
10 Beds
5 Baths
3421 Sq.Ft.
1052 E 5th St
Long Beach, CA 90802
1052 E 5th St, Long Beach, CA 90802
$1,600,000
10 Beds
5 Baths
3421 Sq.Ft.
1052 E 5th St
Long Beach, CA 90802
219 E 10th St, Long Beach, CA 90813
$1,679,000
6 Beds
5 Baths
4836 Sq.Ft.
219 E 10th St
Long Beach, CA 90813
1616 E 4th St, Long Beach, CA 90802
$1,800,000
6 Beds
6 Baths
5300 Sq.Ft.
1616 E 4th St
Long Beach, CA 90802
435 W 11th St, Long Beach, CA 90813
$2,115,000
14 Beds
9 Baths
6395 Sq.Ft.
435 W 11th St
Long Beach, CA 90813
733 Daisy Ave, Long Beach, CA 90813
$2,400,000
144 Beds
0 Baths
4759 Sq.Ft.
733 Daisy Ave
Long Beach, CA 90813
1817 E 3rd St, Long Beach, CA 90802
$1,600,000
4 Beds
4 Baths
3544 Sq.Ft.
1817 E 3rd St
Long Beach, CA 90802
1409 Magnolia Ave, Long Beach, CA 90813
$1,650,000
14 Beds
6 Baths
3992 Sq.Ft.
1409 Magnolia Ave
Long Beach, CA 90813
522 E Rhea St, Long Beach, CA 90806
$1,799,000
15 Beds
7 Baths
4212 Sq.Ft.
522 E Rhea St
Long Beach, CA 90806
441 Dawson Ave, Long Beach, CA 90814
$2,300,000
8 Beds
8 Baths
5237 Sq.Ft.
441 Dawson Ave
Long Beach, CA 90814
1885 Chestnut Ave, Long Beach, CA 90806
$2,200,000
17 Beds
8 Baths
6523 Sq.Ft.
1885 Chestnut Ave
Long Beach, CA 90806

Recently Sold Homes Near 621 E 6th St

701 E 6th St Ave, Long Beach, CA 90802
$1,300,000 Last Sold Price
14 Beds
8 Baths
2 Sq.Ft.
701 E 6th St Ave
Long Beach, CA 90802
623 E 7th St, Long Beach, CA 90813
$1,350,000 Last Sold Price
6 Beds
4 Baths
5195 Sq.Ft.
623 E 7th St
Long Beach, CA 90813
707 E 7th St, Long Beach, CA 90813
$1,900,000 Last Sold Price
11 Beds
11 Baths
6544 Sq.Ft.
707 E 7th St
Long Beach, CA 90813
636 Linden Ave, Long Beach, CA 90802
$3,775,000 Last Sold Price
0 Beds
20 Baths
7204 Sq.Ft.
636 Linden Ave
Long Beach, CA 90802

Related Resources to 621 E 6th St

New Listings in 90802
Popular Zip Codes
Popular Cities
Other Long Beach Resources

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.

Refi Quote