Search Results for 

1822 E 8th Street, Long Beach, CA

Welcome to SHOWCASE.COM, the Web's most comprehensive source of commercial property data, where you can search from 900,000 listings nationwide. To see more Commercial Real Estate listings, Office Space, Industrial Space, Retail Space, Commercial Land, Multi-Family or other commercial property types, just click the button to the right.
1822 E 8th Street

Long Beach, CA 90813-5107 - Downtown Long Beach MF Submarket

Property Type:Multi-Family Number of Units:4 Status:Existing Year Built:1929
Stories:2 Building Size:3,120 SF Land Area:.06 AC (2,614 SF)
For Sale Price:$795,000 Price/Unit:$198,750.00 Cap Rate:6.80 % GRM:12.79


Sale Notes:
4plex with good cash flow.
This is a corner lot property in the city of Long Beach with NO RENT CONTROL

It is a well maintained classic Spanish with very large units Income producing 4-plex in an easy to rent neighborhood in Long Beach.
- Each unit is approximately 750 SF with two bedrooms, one bath plus a bonus room and a private laundry room inside each unit (7 x 7 Ft) as well as a balcony
- All units are spacious with a combination of hardwood floors and tile. The building has lots of character and is well maintained with low overhead
- There is a side grass yard for tenant use in rear as well
- The interior of the property was completely refaced in August 2010
- Separate meters for electricity.
- Each unit has its own gas water heater
- The area is surrounded the property is mostly residential income property buildings.
Property is located in a highly desirable rental demand and quiet area of Long beach. This is a great property for investors. Motivated seller.

Actual Proforma
Unit 1 Tenant paying: $1,300 $1,400
Unit 2 Tenant paying : $1,300 $1,400
Unit 3 Tenant paying : $1,300 $1,400
Unit 4 Tenant paying: $1,300 $1,400

Actual Proforma
Current annual income: $62,400 $67,200
Current annual expenses: $7,800 $7,800
Net operating income (NOI): $54,600 $59,400

Caskey & Caskey Commercial
Mo Sharifi
(310) 374-1800

Share this listing

Copy and paste this HTML into your blog or web page:
<a href="" target="_blank">1822 E 8th Street, Long Beach, CA - Commercial property</a>

Send Email
Add a personalized message: (Optional)
Copyright © 1997-2017 CoStar Realty Information, Inc. All rights reserved.  |  About SHOWCASE.COM |  Advertise |  Site Map |  800-216-3234