310-322 W 8th St
Long Beach, CA 90813
Multifamily Property For Sale
·
10 Units
Investment Highlights
- Ten spacious, bright one and two-bedroom units with open floor plans
- Upgraded electrical system and mostly copper plumbing throughout
- Garages and newly-built storage provide additional income
- Nine units beautifully remodeled with recessed lighting, high-end fixtures and finishes and in-unit washer/dryers
- Full exterior renovations include modern lighting, drought-resistant landscaping and fresh new paint
- Up-and-coming Downtown Long Beach neighborhood - 90 Walkscore
Property Facts
| No. Units | 10 | Building Size | 8,945 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built/Renovated | 1929/2019 |
| Building Class | C | Parking Ratio | 0.89/1,000 SF |
| Lot Size | 0.17 AC | ||
| Zoning | R4 - Restricted Density Multiple Dwelling | ||
| No. Units | 10 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.17 AC |
| Building Size | 8,945 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built/Renovated | 1929/2019 |
| Parking Ratio | 0.89/1,000 SF |
| Zoning | R4 - Restricted Density Multiple Dwelling |
Amenities
Unit Amenities
- Dishwasher
- Washer/Dryer
- Granite Countertops
- Refrigerator
- Oven
- Stainless Steel Appliances
- Range
- Tub/Shower
Site Amenities
- 24 Hour Access
- Smoke Detector
About 310-322 W 8TH ST , LONG BEACH, CA 90813
310 W. 8th Street in a meticulously renovated investment asset in up-and-coming Willmore City Historic District in booming Downtown Long Beach. The property offers ten spacious, bright one and two-bedroom units with open floor plans. Nine of the ten units have been completely renovated with recessed lighting, in-unit washer/dryers and high-end fixtures and finishes throughout. Exterior renovations include fresh paint, drought-resistant landscaping and stunning modern lighting, all providing incredible curb appeal. The building's electrical and plumbing systems have been updated. Eight parking spaces comprised of four garages and four tandem spaces, as well as newly built storage units provide additional income. With a Walkscore of 90, the property is conveniently accessible to copious employment opportunities and all of the shopping, dining and nightlife amenities available in thriving Downtown Long Beach. Additionally, the 7th Street entrance to the 710 freeway is just around the corner, providing quick and easy access out of the city. 310 W. 8th Street offers a new buyer a turn-key asset in a rapidly changing and dynamic Downtown Long Beach location, with 8%+/- rental upside potential by renovating the 10th unit and leveling rents.
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 6 | $1,726 | - |
| 2+1 | 4 | $2,349 | - |
Property Taxes
| Parcel Number | 7272-019-009 | Improvements Assessment | $1,206,910 |
| Land Assessment | $2,229,809 | Total Assessment | $3,436,719 |
Property Taxes
