1060 E 6th St, Long Beach, CA 90802

4-Plex in North Alamitos Beach | 12.98 GRM & 5% Cap Rate

Download Offering Memorandum

$950,000

Property Highlights

Well maintained 4-plex built in 1904
Unit mix of (3) Studios and (1) 2BD/1BA unit
Situated in the prime location of North Alamitos Beach
No local rent control
Upgrades include vinyl flooring, granite countertops, new light fixtures, and new water heaters
Units 1 & 4 have a shared private patio
Close proximity to retail, dining, and entertainment
Owner collects RUBS from tenants to offset utilities
5 minute drive to the Long Beach Waterfront
Strong in place rents with low overhead

The Opportunity

The Glaser Group is pleased to present 1060 E 6th St, a well-maintained fourplex located in the North Alamitos Beach neighborhood of Long Beach. This charming property features a desirable unit mix of (3) studio apartments and (1) two-bedroom, one-bath unit. Recent upgrades include new vinyl flooring, granite countertops, updated light fixtures, and new water heaters. The property benefits from no local rent control, allowing for strong rental growth potential. The current owner also collects RUBS (Ratio Utility Billing System) to efficiently offset utility costs.

This low-priced four-unit property offers a rare, low barrier to entry for investors looking to break into the Long Beach multifamily market. With strong in-place rents, minimal overhead, and no local rent control restrictions, this property presents an excellent opportunity for both new and seasoned investors to generate steady cash flow and long-term appreciation.

The property is ideally situated just a 5-minute drive to the Long Beach Waterfront, providing easy access to beaches, parks, and oceanfront attractions. Residents can enjoy the convenience of nearby shopping, dining, and entertainment options, including Retro Row (4th Street), Pine Avenue, The Pike Outlets, and the East Village Arts District. The property is also in close proximity to major developments and mixed-use projects, further enhancing its long-term investment appeal.