Long Beach, CA 90813,717 E 8th ST

$1,095,500

$1,095,000

Est.Price: ?

For more information regarding the value of a property, please contact us for a free consultation.

Est. payment /mo

5,000 Sqft Lot


SOLD DATE : 03/22/2021

Key Details

Sold Price $1,095,500

Property Type Multi-Family

Listing Status Sold

Purchase Type For Sale

Subdivision Alamitos Beach (Ab)

MLS Listing ID DW21023400

Sold Date 03/22/21

HOA Y/N No

Year Built 1910

Lot Size 5,000 Sqft

Property Description

This is it ! Already offering CAP RATE 5.5% !! Excellent performing and very solid rent incomes and beautifully remodeled 4 unit in Long Beach ""This 4 units collects $7,060 / mo , GSI $84,720 , NOI : $59,304 "" !! 4plex consists of three 1 bedroom 1 baths and one 4 bed 2.5 bath plus 2 garages and 1 back yard parking and 1 front driveway parking spaces. Front building is newer roof and new paint with 4 bed 2.5 bath DETACHED single family home. 3 units on back building and also well maintained. This property is located near to Downtown Long Beach, which has seen major redevelopment in recent years, conveniently near the Metro Blue Line and the 710 Freeway, and less than one mile from the beach. Buyer to do their due diligence and check city requirements, verify square footage and, confirm accuracy of all records and information.

Location

State CA

County Los Angeles

Area 4 - Downtown Area, Alamitos Beach

Zoning LBR4R

Interior

Fireplace No

Laundry InKitchen

Exterior

Garage Spaces 2.0

Garage Description 2.0

Pool None

Community Features Curbs

Total Parking Spaces 4

Private Pool No

Building

Lot Description Item01UnitAcre

Sewer PublicSewer

Water Public

New Construction No

Others

Senior Community No

Tax ID 7274021011

Acceptable Financing Cash, CashtoExistingLoan, CashtoNewLoan, Conventional, Item1031Exchange, FHA, VALoan

Listing Terms Cash, CashtoExistingLoan, CashtoNewLoan, Conventional, Item1031Exchange, FHA, VALoan

Financing Conventional

Special Listing Condition Standard

Read Less Info

Want to know what your home might be worth? Contact us for a FREE valuation!

Submit

Our team is ready to help you sell your home for the highest possible price ASAP


California Regional MLS (CRMLS)
Listed by Tae Kim • Won Suk Kim Real Estates, Inc.
Bought with Cameron Samimi • Lyon Stahl Investment Real Estate, Inc.
agent-avatar

+1(619) 519-2303

steve@stevelucal.com

PO Box 181892, Coronado, California, 92178, United States

GET MORE INFORMATION

Name
Phone*
Message

By registering you agree to our Terms of Service & Privacy Policy. Consent is not a condition of buying a property, goods, or services.