501 W 8th St | Long Beach, CA 90813
This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
501 W 8th St
Long Beach, CA 90813
Multifamily Property For Sale
·
4 Units
Investment Highlights
- Large corner lot in prime residential location 5 blocks from Downtown Long Beach (86 Walk Score).
- 1 unit will be delivered vacant; perfect for owner user or investors alike.
- Great financials in place with a current 5.5% cap rate, 12.33 GRM, $366/sq ft, & a price/unit of $237,500.
- Great unit mix consisting of (3) 1 Bed 1 Baths & (1) 2 Bed 2 Bath with a bonus room.
- Garages and Laundry on site; Opportunity to create additional income.
Property Facts
| No. Units | 4 | Lot Size | 0.10 AC |
| Property Type | Multifamily | Building Size | 2,592 SF |
| Property Subtype | Apartment | Average Occupancy | 75% |
| Apartment Style | Single-Family Home | No. Stories | 2 |
| Building Class | C | Year Built | 1946 |
| Zoning | LBPD10 - Planned Development | ||
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Single-Family Home |
| Building Class | C |
| Lot Size | 0.10 AC |
| Building Size | 2,592 SF |
| Average Occupancy | 75% |
| No. Stories | 2 |
| Year Built | 1946 |
| Zoning | LBPD10 - Planned Development |
Amenities
Site Amenities
- Courtyard
- Fenced Lot
- Laundry Facilities
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+2 | 1 | $2,675 | 1,192 |
| 1+1 | 2 | $1,538 | 500 |
| Studios | 1 | $1,280 | 400 |
Property Taxes
| Parcel Number | 7272-016-024 | Improvements Assessment | $139,461 |
| Land Assessment | $332,481 | Total Assessment | $471,942 |
Property Taxes
Parcel Number
7272-016-024
Land Assessment
$332,481
Improvements Assessment
$139,461
Total Assessment
$471,942
1 of 1
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
