310-322 W 8th St - Apartments FOR SALE


Long Beach, CA 90813- Downtown Long Beach
$2,749,000 USD
310-948-2631
310-322 W 8th St, Long Beach, CA for Sale
$2,749,000 USD
Apartments - FOR SALE
1/19
null | 6.01% Cap Rate

310-322 W 8th St
Long Beach, CA 90813
Downtown Long Beach


HIGHLIGHTS

  • Heavily Remodeled in 2020 - all new kitchens, baths, flooring, windows, W/D's, exterior paint.
  • EMAIL LISTING AGENT FOR MORE INFO INCLUDING A RENT ROLL AND OM.
  • Excellent unit mix of 1's and 2's w/onsite parking.
  • 5 min walk from Downtown Long Beach.
  • New Electrical in 2020.

OVERVIEW

PRICED REDUCED - SELLER IS MOTIVATED. 10 units located blocks from Downtown Long Beach where over $8BB in Redevelopment is happening. Subject to AB 1482 Rent Control (5% + CPI increases). 3 structures on the lot. All units have been heavily remodeled with new kitchens, baths, flooring and W/D's. 10.9 GRM and 6.0% CAP and only $307/SF. Property has new windows, landscaping, lighting and garage doors and is professionally managed. Electrical was redone in 2020. All units have W/D's in them. 4 garages with additonal parking for 4 cars outside. Garages are leased for $675/month total. EMAIL LISTING AGENT FOR MORE INFO INCLUDING A RENT ROLL AND OM.

FOR SALE DETAILS

PRICE

$2,749,000 USD

PRICE/SF

$307 USD /SF

# OF UNITS

10

PRICE/UNIT

$274,900

CAP RATE

6.01%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

10 Units in Long Beach - Heavily Remodeled -

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1929

PARKING SPACES

8

LAND DETAILS

LAND ACRES

0.17 AC

LAND SF

7,606 SF

ZONING

LBPD10

APN/PARCEL ID

7272-019-009,7273-020-003

ASK ABOUT THIS PROPERTY

Jon SwireThe AgencyMore Info
310-948-2631

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Jon SwireThe AgencyMore Info
310-948-2631

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.