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1822 E 8th Street, Long Beach, CA

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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:$798,000 Price/Unit:$199,500.00 Cap Rate:6.80 % GRM:12.79

Parking:-



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




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