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328 W 8th St 8 Unit Apartment Building $1,450,000 ($181,250/Unit) 6% Cap Rate Long Beach, CA 90813

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INVESTMENT HIGHLIGHTS

PRICED TO SELL AT 9.76 GRM.
EMAIL LISTING AGENT FOR MORE INFO INCLUDING A RENT ROLL AND OM.
All units feature W/D inside.

No local rent control.
All units heavily updated - new kitchens, baths and flooring.
Updated Electrical.

EXECUTIVE SUMMARY

PRICED TO SELL AT 9.76 GRM.
8 units (all studios) in Long Beach NOT subject to local rent control, just subject to AB 1482 rent control - maximum annual increase of 5% + CPI (currently 8.0%). There is NO local rent control in Long Beach. Located on a beautiful, quiet, tree lined street just blocks from Downtown Long Beach. All units have been updated including new kitchens, baths and paint. Electrical subpanels were updated in 2024. The main panel is 200 AMPS (Buyer to verify). The property is professionally managed and well maintained.
All units have W/Ds in them. There is no onsite parking, but there is a lot of street parking.
Qualified Buyers can put down as little as 25%. Contact Loan Broker to find out more - David Guevara - (714) 474-1284.
EMAIL LISTING AGENT FOR MORE INFO INCLUDING A RENT ROLL AND OM.

FINANCIAL SUMMARY (ACTUAL - 2025)	ANNUAL	ANNUAL PER SF
Gross Rental Income	$148,000	$39.85
Other Income	-	-
Vacancy Loss	-	-
Effective Gross Income	$148,000	$39.85
Net Operating Income	-	-

FINANCIAL SUMMARY (ACTUAL - 2025)

Gross Rental Income
Annual	$148,000
Annual Per SF	$39.85

Other Income
Annual	-
Annual Per SF	-

Vacancy Loss
Annual	-
Annual Per SF	-

Effective Gross Income
Annual	$148,000
Annual Per SF	$39.85

Net Operating Income
Annual	-
Annual Per SF	-

PROPERTY FACTS

Price	$1,450,000	Apartment Style	Low-Rise
Price Per Unit	$181,250	Building Class	C
Sale Type	Investment	Lot Size	0.06 AC
Cap Rate	6%	Building Size	3,714 SF
Gross Rent Multiplier	9.76	Average Occupancy	100%
No. Units	8	No. Stories	2
Property Type	Multifamily	Year Built/Renovated	1923/2019
Property Subtype	Apartment	Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Zoning	LBPD10

Price	$1,450,000
Price Per Unit	$181,250
Sale Type	Investment
Cap Rate	6%
Gross Rent Multiplier	9.76
No. Units	8
Property Type	Multifamily
Property Subtype	Apartment
Apartment Style	Low-Rise
Building Class	C
Lot Size	0.06 AC
Building Size	3,714 SF
Average Occupancy	100%
No. Stories	2
Year Built/Renovated	1923/2019
Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Zoning	LBPD10