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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
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

Property Taxes

Parcel Number
7272-016-024
Land Assessment
$332,481
Improvements Assessment
$139,461
Total Assessment
$471,942
  • Listing ID: 37055838

  • Date on Market: 7/31/2025

  • Last Updated:

  • Address: 501 W 8th St, Long Beach, CA 90813

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