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    846 E. 6th Street Long Beach, CA 90802

    Sponsored
    For Sale
    $6,400,000

    24-unit apartment building, Downtown Long Beach

    Property size:
    11,347 SF

    Description

    Added:
    Jan 16, 2025
    Days on Market:
    361
    This exceptional 24-unit apartment building is situated in Long Beach's vibrant East Village Arts District at 846 E. 6th Street, zip code 90802. The property, priced at $6,400,000, offers a compelling 11.49 GRM based on current rental income. The building encompasses a mix of eight two-bedroom, two-bathroom units; eight one-bedroom, one-bathroom units; and eight studio apartments. All units have undergone complete renovations, boasting recessed lighting, new flooring, updated kitchens with stainless steel appliances and new cabinetry and countertops, and modern bathrooms with new vanities and fixtures. In-unit washers and dryers are included in each remodeled unit. Significant building improvements include entirely new electrical and plumbing systems. The property also features solar panels, contributing to significantly reduced utility expenses. The building is secured. Its prime location offers a Walk Score of 93 and a Bike Score of 91, providing easy access to a wide array of dining, shopping, and entertainment options. The lot size is 0.26 acres, and the building size is 11,347 square feet.

    Property Features for 846 E. 6th Street

    General Information

    Property type
    Multifamily properties
    Square Feet
    11,347 SF
    Price / Square Foot
    $563
    Elevators
    N/A
    Lot Size
    11,348 SF

    Building Details

    Stories
    2
    Units
    24

    HighLights

    • 24‑unit apartment building in Long Beach's vibrant East Village Arts District.
    • Fully renovated units feature modern kitchens, baths, and in‑unit laundry.
    • Boasts a 93 Walk Score and 91 Bike Score, near dining and shopping.
    Property Profile Location Intelligence

    Current Use by Public Records

    Residential income homes

    Suggested Use

    Realty agency Spa & Massage Dental Office Law Firm Restaurant Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    City
    Long Beach
    State
    California

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    FAQs

    What type of property is this?
    Multifamily property - 24-unit apartment building, Downtown Long Beach
    Where is this multifamily property located?
    The property is located at 846 E. 6th Street Long Beach, CA.
    What is the asking price?
    The asking price for this property is $6,400,000.
    What are key features of this property?
    This property features: 24-unit apartment building in Long Beach's vibrant East Village Arts District.; Fully renovated units feature modern kitchens, baths, and in-unit laundry.; Boasts a 93 Walk Score and 91 Bike Score, near dining and shopping.
    (310) 774-3740
    Request Owner's contact information
    846 E. 6th Street Long Beach, CA 90802
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    Long Beach, CA 90802
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    846 E. 6th Street Long Beach, CA 90802
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