310 E 8th Street
Long Beach, CA 90813
- – beds
- – baths
- – sqft
- 2,247 sqft lot
- 1918 build
- – on site
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Just Blocks to the Ocean this spacious 4-plex has two 2-bedroom/1-bath units plus two extra large 1-bedroom/1-baths units. Each 1-bedroom unit has a bonus dining room/office and front porch. The units feature vintage built-in cabinets, high ceilings, and hardwood floors. Below market rents allow for a very achievable market cap over 6.78%. This turn key asset has renovated units, newer copper plumbing, sewer line, and water heater. The 8th Street Apartments are situated just blocks from the $3.5 billion in planned developments coming to the nearby area including the $520 million Civic Center project, $250 million Queen Mary Island waterfront development, and $53 million Long Beach Aquarium expansion With a large parking lot across the street and a 94 Walk-score located in the heart of downtown with easy access to public transportation, restaurants, the ocean and shopping, many tenants choose to go car free. One of the larger 4-unit properties on the market, this turn-key 4.76% cap rate asset is the perfect investment for an exchange buyer or owner/user looking to own a piece of one of Southern California’s last affordable beach communities. Do not miss this property as this is one of the last opportunities to buy downtown long beach at an affordable price.
Listed By CRMLS_CA / Cameron Samimi / Lyon Stahl Investment Real Estate, Inc.
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Last updated Apr 7, 2024
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MLS# SB18124377 —
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Max Internet Speed
Provided by BroadbandNow®
View a full reportThis is the maximum advertised internet speed available for this home. Under 10 Mbps is in the slower range, and anything above 30 Mbps is considered fast. For heavier internet users, some plans allow for more than 100 Mbps.
Sale history
Date | Event | Source | Price | % Change |
---|---|---|---|---|
12/8/20
Dec 8, 2020
|
Pending | CRMLS_CA | ||
11/30/20
Nov 30, 2020
|
Listed / Active | CRMLS_CA | ||
10/13/20
Oct 13, 2020
|
Price Changed | CRMLS_CA |