CA > Long Beach > Downtown (Dt)
Long Beach, CA 90813,717 E 8th
Long Beach, CA 90813,717 E 8th
Long Beach, CA 90813,717 E 8th
14
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$1,095,000
Est. payment /mo
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7 Beds
5,001 Sqft Lot
Active Under Contract

717 E 8th Long Beach, CA 90813

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Kurt Wannebo

Kurt Wannebo

+1(858) 405-5878

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Res Income 2-4 Units

Listing Status Active Under Contract

Purchase Type For Sale

Subdivision Downtown (Dt)

MLS Listing ID SB25232103

Bedrooms 7

Lot Size 5,001 Sqft

Property Sub-Type Res Income 2-4 Units

Property Description

High income totally updated 4 unit property in Downtown Long Beach with a 4 bed, 2.5 bath front house full of character plus three 1 bed, 1 bath units in the rear. All units recently updated, newer roof, replaced stairs, landscaping and exterior refresh completed. Very well priced on income at 11.3X GRM on actuals and a 5.7% cap rate with upside to 10.7X GRM and a 6.1% cap rate on market rents. 2 garages in rear structure plus driveway parking for 3 cars by the front house. Potential for ADU conversion in rear garages. Separately metered for gas and electric, allowing a low expense building. Great location right in Downtown Long Beach just North of the East Village Arts District. Blocks away from St. Mary's hospital, Museum of Latin American Art, rail lines, and $8 billion of new development. Only 8 blocks to the beach.

Location

State CA

County Los Angeles

Zoning Assessor

Direction North of 8th, East of Atlantic

Interior

Fireplace No

Exterior

View Y/N No

Roof Type Composition

Building

Story 2

Level or Stories 2

Others

Tax ID 7274021011

MLS Router / San Diego MLS
Listed by Anthony Walker Buckingham Investments, Inc

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Kurt Wannebo

Kurt Wannebo

Broker Associate | CA Dre# 01468255

+1(858) 405-5878

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717 E 8th

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