$1,095,000

717 E 8th, Long Beach, CA 90813

7 beds
3,432 sqft

Multi-Family Home
Built in 1910
4,792sqft lot
—— car garage
$319/sqft
Listed 1 month ago

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.

Listing Status:: Active
Date Added:: October 3, 2025 at 05:00AM
Listing Office:: Buckingham Investments, Inc : 310-982-7055
Listing Agent:: Anthony Walker : 310-982-7055
MLS ID:: CRSB25232103

Laundry: No Hookups

Parking: Garage Faces Rear

County: Los Angeles

Zoning: 7274021011

This listing courtesy of Anthony Walker, Buckingham Investments, Inc

Monthly Payment

$Est. Payment

Principal & Interest $
Property Taxes $
Home Insurance $
VA Funding Fee $

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Location

Schools Nearby

Robert Louis Stevenson Elementary School

515 Lime Ave, Long Beach, CA, 90802

Grades KG-5

0.25 miles away

Franklin Classical Middle School

540 Cerritos Ave, Long Beach, CA, 90802

Grades 6-8

0.38 miles away

Renaissance High School for the Arts

235 E 8th St, Long Beach, CA, 90813

Grades 9-12

0.40 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.