328 W 8th St, Long Beach, CA, 90813
Property Details
1
multi family
Description
Multi Family in Long Beach, CA - Bedrooms: 0 - Bathrooms: 1 - Area: 3714 sqft - Year Built: 1923 - Lot: 2400 sqft
Listing Agent: Jon Swire Brokerage: The Agency
PRICED TO SELL AT 9.7 GRM. 8 units (all studios) in Long Beach NOT subject to local rent control, only subject to AB 1482 rent control - maximum annual increase of 5% + CPI (currently 8.0%). NO Local Rent Control in Long Beach. Located on a beautiful, quiet, tree lined street just blocks from Downtown Long Beach. All units have been updated including new kitchens, baths and paint. Electrical subpanels were updated in 2024. The main panel is 200 AMPS (Buyer to verify). The property is professionally managed and well maintained. nit. All units have W/Ds in them. There is no onsite parking, but there is a lot of street parking. Qualified Buyers can put down as little as 30%. EMAIL LISTING AGENT FOR MORE INFO INCLUDING A RENT ROLL AND OM.
Location
Address
328 W 8th St, Long Beach, CA, 90813
City
Long Beach
Features and Finishes
Bedrooms: 0, Total Bathrooms: 8, Full Bathrooms: 1, Heating Features: Wall, Lot Size Acres: 0.0551, Lot Size Source: Vendor Enhanced, Lot Size Square Feet: 2400, Number of Buildings: 1, Number of Units: 8, Unit Type: Income, Bedrooms in Unit-1: 0, Total Bathrooms in Unit-1: 1, Full Bathrooms in Unit-1: 1, Unit 1 Total Actual Rent: 1495, Gross Income: 149000, Gross Scheduled Income: 143000, Source Listing Status: Active, County: Los Angeles, Cap Rate: 6, Directions: 8 Units blocks from Downtown Long Beach., Source Property Type: Residential Income, Area: Downtown Area, Alamitos Beach, Source Neighborhood: Downtown Area, Alamitos Beach, Parcel Number: 7272-019-004, Zoning: LBPD10, Net Operating Income: 86000, Operating Expense: 57000, Total Square Feet Living: 3714, Year Built: 1923, Levels: Two Level, Living Area Source: Vendor Enhanced, Property Age: 103, Levels or Stories: 2, Year Built Source: Vendor Enhanced, Disabled Access: No, two or more stories, updated kitchen, rental property
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