717 E 8th, Long Beach, CA 90813 – SB25232103 - Sean Beattie Jr.

REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.

In-PersonVirtual Tour

Tue

Nov

Wed

Nov

Thu

Nov

Sean Beattie Jr.

info@seanbeattiejr.com +1(415) 845-8732

$1,095,000

Est. payment - /mo

7 Beds

5,001 Sqft Lot

Save

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Res Income 2-4 Units

Listing Status Active

Purchase Type For Sale

Subdivision Downtown (Dt)

MLS Listing ID SB25232103

Bedrooms 7

Lot Size 5,001 Sqft

Property Sub-Type Res Income 2-4 Units

Property Description

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 11.3X GRM on actuals and a 5.7% cap rate with upside to 10.7X GRM and a 6.1% 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. Great location right in Downtown Long Beach just North of the East Village Arts District. Blocks away from St. Mary's hospital, Museum of Latin American Art, rail lines, and $8 billion of new development. Only 8 blocks to the beach.

Location

State CA

County Los Angeles

Zoning Assessor

Direction North of 8th, East of Atlantic

Interior

Fireplace No

Exterior

View Y/N No

Roof Type Composition

Building

Story 2

Level or Stories 2

Others

Senior Community No

Tax ID 7274021011

Read Less Info

Listed by Anthony Walker Buckingham Investments, Inc

Get More Information

Sean Beattie Jr.

+1(415) 845-8732

Agent | CA DRE# 01944311

Agent CA DRE# 01944311

Quick Search

717 E 8th Long Beach, CA 90813

Sean Beattie Jr.

Key Details

Location

Interior

Exterior

Building

Others

Get More Information