Log In/Sign Up
Your email has been sent.
717 E 8th St 4 Unit Apartment Building $1,095,000 ($273,750/Unit) 5.70% Cap Rate Long Beach, CA 90813
INVESTMENT HIGHLIGHTS
- Great location right in Downtown Long Beach just North of the East Village Arts District.
- Only 8 blocks to the beach
- Blocks away from St. Mary's hospital, Museum of Latin American Art, rail lines, and $8 billion of new development
EXECUTIVE SUMMARY
High income totally updated 4 unit property in Downtown Long Beach with a 4 bed, 2.5 bath front house full of character plus three 1 bed, 1 bath units in the rear. All units recently updated, newer roof, replaced stairs, landscaping and exterior refresh completed. Very well priced on income at 11.8X GRM on actuals and a 5.3% cap rate with upside to 11.3X GRM and a 5.6% cap rate on market rents. 2 garages in rear structure plus driveway parking for 3 cars by the front house. Potential for ADU conversion in rear garages Separately metered for gas and electric, allowing a low expense building.
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
| Price | $1,095,000 | Apartment Style | Low-Rise |
| Price Per Unit | $273,750 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.11 AC |
| Cap Rate | 5.70% | Building Size | 3,432 SF |
| Gross Rent Multiplier | 11.27 | No. Stories | 1 |
| No. Units | 4 | Year Built | 1910 |
| Property Type | Multifamily | Parking Ratio | 0.58/1,000 SF |
| Property Subtype | Apartment | ||
| Zoning | LBR4R | ||
| Price | $1,095,000 |
| Price Per Unit | $273,750 |
| Sale Type | Investment |
| Cap Rate | 5.70% |
| Gross Rent Multiplier | 11.27 |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.11 AC |
| Building Size | 3,432 SF |
| No. Stories | 1 |
| Year Built | 1910 |
| Parking Ratio | 0.58/1,000 SF |
| Zoning | LBR4R |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 3 | $1,550 | - |
| 4+2.5 | 1 | $3,450 | - |
1 1
Walk Score®
Walker's Paradise (90)
Transit Score®
Excellent Transit (70)
Bike Score®
Very Bikeable (80)
PROPERTY TAXES
| Parcel Number | 7274-021-011 | Total Assessment | $1,185,802 (2025) |
| Land Assessment | $768,526 (2025) | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $417,276 (2025) | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
7274-021-011
Land Assessment
$768,526 (2025)
Improvements Assessment
$417,276 (2025)
Total Assessment
$1,185,802 (2025)
Annual Taxes
($1) ($0.00/SF)
Tax Year
2024
1 of 16
VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
1 of 1
Presented by
717 E 8th St
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.