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Listed by: Anthony Walker (310) 982-7055 DRE #01908153, Josh Ess DRE #02035659 | Buckingham Investments, Inc (310) 982-7055
$1,095,000
7 Beds
- 6 Baths
--sqft
717 E 8Th, Long Beach, CA 90813
$1,095,000
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Quadruplex
Built in 1910
$-- HOA
5,001 sqft lot
--/sqft
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 ...
Continue ReadingProperty Details
Status
Pending
Type
Multi Family
No. of Stories
2
County
City
Neighborhood
--
Year Built
1910
HOA Fees
-
Finished Area
- sqft
Lot Size
5,001 sqft lot
Basement Area
- sqft
MLS Name
California Regional MLS
MLS Number
SB25232103
MLS Status
Pending
Days on Market
77
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