PRICED REDUCED AND READY TO SELL. 10.7 GRM and 6.2% CAP against in place rents. 10 units located blocks from Downtown Long Beach where over $8BB in Redevelopment is happening. Subject to AB 1482 Rent Control (5% + CPI increases). 3 structures on a the lot. All units have been heavily remodeled with new kitchens, baths, flooring and W/D’s. 10.7 GRM and 6.2% CAP and only $302/SF. Property has new windows, landscaping, lighting and garage doors and is professionally managed. Electrical was redone in 2020. All units have W/D’s in them. 4 garages with additional parking for 4 cars outside. Garages are leased for $675/month total. EMAIL LISTING AGENT FOR MORE INFO INCLUDING A RENT ROLL AND OM.
Property Details
Price:
$2,699,000
MLS #:
25491925
Status:
Active
Baths:
0
Address:
310 W 8th Street
Type:
Residential Income
Neighborhood:
4downtownareaalamitosbeach
City:
Long Beach
Listed Date:
Jan 30, 2025
State:
CA
ZIP:
90813
Lot Size:
7,506 sqft / 0.17 acres (approx)
Year Built:
1929
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Schools
Interior
Cooling
None
Heating
Wall Furnace
Exterior
Parking Features
Assigned
Parking Spots
8.00
Financial
Map
Community
- Address310 W 8th Street Long Beach CA
- Area4 – Downtown Area, Alamitos Beach
- CityLong Beach
- CountyLos Angeles
- Zip Code90813
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310 W 8th Street
Long Beach, CA
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