328 W 8th St - Apartments FOR SALE


Long Beach, CA 90813- Downtown Long Beach
$1,450,000 USD
310-948-2631
328 W 8th St, Long Beach, CA for Sale
$1,450,000 USD
Apartments - FOR SALE
1/19
null | 6% Cap Rate

328 W 8th St
Long Beach, CA 90813
Downtown Long Beach


HIGHLIGHTS

  • PRICED TO SELL AT 9.76 GRM.
  • No local rent control.
  • EMAIL LISTING AGENT FOR MORE INFO INCLUDING A RENT ROLL AND OM.
  • All units heavily updated - new kitchens, baths and flooring.
  • All units feature W/D inside.
  • Updated Electrical.

OVERVIEW

PRICED TO SELL AT 9.76 GRM. 8 units (all studios) in Long Beach NOT subject to local rent control, just subject to AB 1482 rent control - maximum annual increase of 5% + CPI (currently 8.0%). There is 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. 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 25%. Contact Loan Broker to find out more - David Guevara - (714) 474-1284. EMAIL LISTING AGENT FOR MORE INFO INCLUDING A RENT ROLL AND OM.

FOR SALE DETAILS

PRICE

$1,450,000 USD

PRICE/SF

$390 USD /SF

# OF UNITS

8

PRICE/UNIT

$181,250

CAP RATE

6%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1923

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.06 AC

LAND SF

2,400 SF

ZONING

LBPD10

APN/PARCEL ID

7272-019-004

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 Notice.