12-Unit Apartment
For Sale
Contact for pricing
711 East 6th Street, Long Beach, CA 90813
Studio-unit property with separately metered utilities and no parking obligation.
Property Size5,040 SF
Price / SF$376.98
Days on Market67
Property Features for 711 East 6th Street
General Information
Standard status
Active
Size
5,040 SF
Property subtype
Multifamily
Zoning
PD-30
Occupancy
83%
Investment Type
Stabilized
Net Operating Income
$132,860
Financials
Asking Price
$2,000,000
Average Monthly Rent
$1,507
Site & Location
Neighborhood
East Village
Units
Unit Mix
12 x studio
Multifamily Units
12
Building Details
Year Built
1953
Buildings
1
Units
12
Tenancy
Multi
Listing Agency:
Lyon Stahl Investment Real Estate
Listed By:
Taylor Avakian · License #CA 02060040
(916) 996-4421
Source:
Crexi
Added: Aug 28
Changed: Oct 25
Last Checked: Nov 1 at 4:54AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Lyon Stahl Investment Real Estate
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Investment Insights
Based on property information with market context.
This 12-unit apartment building in Long Beach was constructed in 1953 and contains studio residences averaging 420 square feet. Ten units are occupied, while two units are available for lease. The property is subject to the Long Beach rent control ordinance, providing a defined regulatory framework for residential operations.
Each unit has separately metered utilities, and the property carries zero parking obligation. The asset is located at 711 E 6th St in Long Beach, California, within ZIP Code 90813. Pro forma operating expenses represent 38.45% of effective gross income.
Each unit has separately metered utilities, and the property carries zero parking obligation. The asset is located at 711 E 6th St in Long Beach, California, within ZIP Code 90813. Pro forma operating expenses represent 38.45% of effective gross income.
Key Highlights
- 12‑unit apartment building with studio residences
- Studio units average 420 square feet
- 10 of 12 units occupied; 2 units available for lease
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$106,754
Cap Rate
5.62%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,135,080
$2.1M
Cap Rate 7%
$1,525,057
$1.5M
Cap Rate 9%
$1,186,156
$1.2M
Market Conditions
NOI Build-Up for 5,040 SF
Gross rent
$202.6K $40.20/SF
− Vacancy
−$8.5K −$1.69/SF
EGI
$194.1K $38.51/SF
− OpEx
−$87.3K −$17.33/SF
NOI
$106.8K $21.18/SF
Area
ZIP 90813
Vacancy
4.20%
Lease Rate
$40.20 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,135,080
Cap Rate 7%
$1,525,057
Cap Rate 9%
$1,186,156
Alternative Uses
Best Use
Apartment 5plus
$1.53M
$1.33M – $1.78M
NOI $106,754 @ 7.0% cap · market cap 5.62%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$1.65M
$1.45M – $1.93M
NOI $115,843 @ 7.0% cap · market cap 6.10%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Lease Details
12
Residential units
Location Intelligence
Trade Area within ½ mile
5,492
Businesses Nearby
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Business Placement
Demographics for 90813, CA
54,565
Population
18,603
Households
2.9
Avg Household Size
32
Median Age
16%
College-Educated
63%
High-School Grad
3.1 sq mi
ZIP Area
17,602
Density / Sq Mi
$50,302
Median Household Income
$31,450
Median Earnings
$1,578
Median Rent
$543,700
Median Home Value
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Apartment building - Studio-unit property with separately metered utilities and no parking obligation.
Where is this apartment building located?
The property is located at 711 East 6th Street Long Beach, CA.
What is the asking price?
The asking price for this property is $1,900,000.
What are key features of this property?
This property features: 12‑unit apartment building with studio residences; Studio units average 420 square feet; 10 of 12 units occupied; 2 units available for lease
