316 W 6TH Street
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What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Apr 28, 2025 | Sold | ||
| Sold | |||
| Mar 12, 2025 | Listed by Momentum Realty Group | $730,000 | |
| Listed by Momentum Realty Group | |||
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Discover the charm and character of this beautifully renovated 2-bedroom, 1-bathroom home, nestled in the vibrant heart of Downtown Long Beach. With its high ceilings, the space exudes an inviting and airy ambiance. Recent enhancements include a fully renovated kitchen featuring brand-new cabinetry, refinished flooring throughout, and an updated bathroom that blends modern elegance with comfort. Step outside to find a newly paved parking spot, a charming front porch, and a cute backyard—perfect for relaxation or entertaining guests. Upgraded 200 amp panel. A standout feature of this home is the finished attic, offering a versatile bonus area that can serve as an additional bedroom, a home office, or a creative retreat. Just minutes away from Shoreline Village, you'll have easy access to scenic bike rides, breathtaking beach views, and the option to take a ferry for a delightful day on the water. For a true getaway, hop on a boat ride to Catalina Island and experience the perfect island escape. Plus, you’ll be surrounded by a diverse array of top-notch restaurants, shops, and entertainment options that Downtown Long Beach has to offer. With convenient access to the 710 freeway, commuting is effortless. Seize this incredible opportunity to own a move-in ready home in a prime location!
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| Aug 14, 2017 | Sold | ||
| Sold | |||
| Jul 5, 2017 | Listed by New Hope Realty, Inc. | $499,888 | |
| Listed by New Hope Realty, Inc. | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017