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.

California Regional MLS logo Listed By CRMLS_CA / Cameron Samimi / Lyon Stahl Investment Real Estate, Inc.

Last checked: Checking… • Last updated Apr 7, 2024 •

MLS# SB18124377 —

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Sale history

Date Event Source Price % Change
12/8/20
Pending CRMLS_CA
11/30/20
Listed / Active CRMLS_CA
10/13/20
Price Changed CRMLS_CA

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Multifamily Sold on 7/10/2018

$965,000

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Listing provided by broker:

Cameron Samimi

Lyon Stahl Investment Real Estate, Inc.

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California Regional MLS logo Listing Courtesy of: CRMLS_CA and Lyon Stahl Investment Real Estate, Inc.. Based on information from California Regional Multiple Listing Service, Inc. as of 16:14 on Apr 25.

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