$2,380,000
1056 E 6th Street, Long Beach CA 90802
Multi-Family (9 Units)
Property type
48 days
On market
$427
Price per sqft
4 cars
Garage
1955
Year built
6,458 sqft
Lot size
Home highlights
Open Houses
Overview
Discover an exceptional investment opportunity in the heart of Long Beach's vibrant East Village/Alamitos Beach corridor. Situated just minutes from the beach, Downtown Long Beach, major transit lines, and local dining and retail, 1056 E. 6th St. offers the perfect blend of convenience and desirability for tenants. The property consists of eight (8) well-maintained...
Listing provided by: Christopher Eto DRE #01967104, Ocean Palisades Realty, Inc.
Listing updated: Apr 18, 2026 at 04:28am.
Last checked: Jun 4, 2026 at 09:01pm
Source: CRMLS #SB26083768
Multi-family Analysis
Unit Information
| Units | Beds | Baths | Garage | Actual Rent | Total Rent | Pro Forma | Furnished? |
|---|---|---|---|---|---|---|---|
| 1 | 1 | 1 | — | $1,870 | $1,870 | $2,150 | Unfurnished |
| 1 | 1 | 1 | — | $1,855 | $1,855 | $2,100 | Unfurnished |
| 1 | 1 | 1 | — | $1,598 | $1,598 | $2,150 | Unfurnished |
| 1 | 1 | 1 | — | $1,715 | $1,715 | $1,950 | Unfurnished |
| 1 | 1 | 1 | — | $1,800 | $1,800 | $1,950 | Unfurnished |
| 1 | 1 | 1 | — | $1,855 | $1,855 | $2,100 | Unfurnished |
| 1 | 1 | 1 | — | $1,695 | $1,695 | $1,950 | Unfurnished |
| 1 | 1 | 1 | — | $1,580 | $1,580 | $2,100 | Unfurnished |
| 1 | 1 | 1 | — | $1,933 | $1,933 | $2,480 | Unfurnished |
# of Buildings: 1
# of Units Total: 9
Separate Electric Meters: 9
Separate Gas Meters: 9
Separate Water Meters: 0
Rent Control: No
Tenant Pays: Electricity, Gas
Financial Snapshot
Gross Rent Multiplier
12.5x
List Price / Annual Gross Rent
Cap Rate
5.57%
NOI / List Price
Gross Scheduled Income: $190,819
Vacancy Allowance: $5,919
Vacancy Allowance Rate: 3%
Operating Expense: $58,749
Net Operating Income: $132,631
Annual Operating Expenses
Electric: $732
Fuel: $0
Insurance: $7,003
Professional Management: $9,569
Trash: $1,000
Water / Sewer: $2,561
Interior
Flooring: Laminate, Vinyl
Cooling: Wall Window Units
Heating: Wall Furnace
Fireplace: None
Laundry: Common Area, Inside
Entry Location: 1
Exterior
Property Attached: Yes
Stories Total: 2
Common Walls: Two Common Walls Or More
Lot Features: Six To Ten Units Acre
Pool: None
Water Source: Public
Sewer: Public Sewer
Utilities: Electricity Connected, Natural Gas Connected
Garage and Parking
Garage Spaces: 4
Parking Total: 4
Lot Information
Land Lease: No
Common Interest: None
Parcel #: 7266007005
Additional Parcels: No
Tax Lot: 12
Subdivision: Alamitos Beach (AB)
Community
HOA: No
HOA Fee: $0
Senior Community: No
Community Features: Curbs
Nearby Schools
Nearby schools around the 1056 E 6th Street, Long Beach, CA 90802. Contact the school or district directly to verify enrollment eligibility.
Payment Calculator
Total Principal
$1,904,000
Total Interest
$2,428,447
Total Payment
$4,332,447
Payoff Date
Jun 2056
PMI is disabled automatically when your down payment is 20% or more.
Est. Payment
$14,664
per month
Property History for 1056 E 6th Street
Long Beach Market Snapshot
Market stats compare this property with recent MLS activity for similar property types in 90802.
Similar Homes
Listings with similar prices to 1056 E 6th Street