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328 W 8th St, Long Beach, CA 90813

  • $1,409,000

    •

  • —

    bed

  • 8

    bath

  • 3,714

    Sqft ($379/Sqft)

Multi-family for sale 213 days
$10K price drop
Movoto is helping 68 homebuyers near you

About 328 W 8th St

Property type Multi-family
Neighborhood
Year built 1923
HOA fee $0/month
Lot size 2,400 Sqft
Movoto estimate
Rental estimate
Property description
PRICE REDUCED AND READY TO SELL AT 9.5 GRM. 8 units (all studios) in Long Beach NOT subject to local rent control, only subject to AB 1482 rent control - maximum annual increase of 5% + CPI (currently 8.7%). NO Local Rent Control in Long Beach. Located on a beautiful, quiet, tree lined street just blocks from Downtown Long Beach. All units have been updated including new kitchens, baths and paint. Electrical subpanels were updated in 2024. The main panel is 200 AMPS (Buyer to verify). The property is professionally managed and well maintained. All units have W/Ds in them. Upside in rents to a 9.2 GRM. Anduril Industries, a cutting-edge defense technology company specializing in AI applications announced that it is commencing a $1 billion redevelopment of land adjacent to the LB Airport. The project is planned to be completed in mid-2027 and is expected to create 5,500 new direct jobs at the site plus thousands of indirect construction and supply-chain service jobs. Qualified Buyers can put down as little as 25% with excellent bank financing fixed at 5.4% for 5-years.
Listed by
Listing Agent - Jonathan Swire
Listing Office - The Agency
Source: The MLS mls logo
MLS#26633867 • last updated 4 days ago
Movoto checked The MLS for data 8 minutes ago
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Overview
Levels/Style Two
MLS # 26633867
Type Residential Income
Status Active
SqFt 3714
Lot Size (SqFt) 2400
Lot Size (Acres) 0.0551
Year Built 1923
Interior
Total # of Baths 8
Exterior
Parking Desc None
Add'l Structures None
Amenities / Utilities
Equipment None
Location
County Los Angeles
Zoning LBPD10
APN 7272-019-004
Multifamily Details
Unit 1: Furnished No
Unit 1: Projected Rent 1495
Unit 1: Rent 1495
Unit 1: # Baths 1
Unit Type 2106
Unit 1: Actual Rent 1495
Total # Of Buildings 1
Net Operating Income 86000
Cap Rate 6.2
Vacancy Rate 0%
Gross Income 149000
Gross Operating Income 143000
Gross Rent Multiplier 9.5
Total Annual Expenses 57000
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4/10
Washington Middle School
public Grades 6-8
Long Beach Unified School District
4/10
Cabrillo High School
public Grades 9-12
Long Beach Unified School District
Source: GreatSchools.org © 2026. All rights reserved.

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  • Real Estate
  • CA
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  • Long Beach
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  • Willmore City
  • 328 W 8th St

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