$ 1,095,000
-
$1,095,000
Price -
7
Bed -
6
Bath -
3,432
SqFt
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About the Listing SB1301700 - SBWALKANT,SBESSJOSH
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.
Listing Highlights for 717 E 8th
Status
Active With Contingency
Days on Site
22
Property Type
Multi-Family
MLS ®
SB25232103
Year Built
1910
Total Square Footage
3,432
Lot/Acreage
0.11
Interior Details
- Bedrooms: 7
- Bathrooms: 6 Full
- Appliances:
- Air Cond:
- Heating:
- Fireplaces:
- Floor:
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement:
- Other:
- Water: Public
Exterior Details
- Lot Description: Rectangular Lot,No Land Lease
- Garage Capacity: 2 car
- Parking Spaces: 5
- Roof: Composition
- Others: 2+ Total Units
- Sewer: Public Sewer
- Parking Features: Garage Faces Rear
Financial Details
- Tax Amount: N/A
- Taxes w/Assessments: N/A
- Tax/Property ID: 7274021011
- Tax Year: N/A
Payment Calculator
Monthly Payment
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Listing Location
Questions About..
717 E 8th Long Beach, CA 90813
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