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501 W 8th Street

Long Beach, CA 90813
  • $965,000
  • STATUS: ACTIVE
  • ON SITE: 130 Days
  • ID#: SB22062474
UPDATED: 54 min ago
$965,000
  • 5
    BEDS
  • 0.1
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
County:

School Ratings & Info

Description

We are pleased to present 501 W 8th St, in the 90813 Zip Code of Long Beach California. This pride of ownership 4 unit apartment is a terrific addition to any real estate portfolio generating passive income while capturing all the historical identity and charm the city of Long Beach has to offer. The property has a walk score of 84 being conveniently located 5 blocks away from Downtown Long Beach, The Civic Center, The Promenade, Harvey Milk Park, and other major local attractions. The unit mix consists of one 2 bedroom 2 bath unit with a bonus room, and three 1 bedroom 1 bath units with large closet spaces. One of the 1 bed units will be delivered vacant providing owner users and investors incredible value. There is one attached single garage that can be rented out for additional income or used by the new owner. All this and more for less than $1,000,000! We are pleased to present 501 W 8th St, in the 90813 Zip Code of Long Beach California. This pride of ownership 4 unit apartment is a terrific addition to any real estate portfolio generating passive income while capturing all the historical identity and charm the city of Long Beach has to offer. The property has a walk score of 84 being conveniently located 5 blocks away from Downtown Long Beach, The Civic Center, The Promenade, Harvey Milk Park, and other major local attractions. The unit mix consists of one 2 bedroom 2 bath unit with a bonus room, and three 1 bedroom 1 bath units with large closet spaces. One of the 1 bed units will be delivered vacant providing owner users and investors incredible value. There is one attached single garage that can be rented out for additional income or used by the new owner. All this and more for less than $1,000,000!

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San Diego MLS logo This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2022 San Diego MLS, Inc. Licensed in the state of California.
www.amdreamsrealestate.com/homes/127176055
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501 W 8th Street Long Beach, CA 90813

  • Price: $965,000
  • Status: ACTIVE
  • On Site: 130 Days
  • Updated: 54 min ago
  • ID#: SB22062474
5
Beds
0
Baths
0
½ Baths
0.1
Acres
Neighborhood:
Wilmore
County:
Los Angeles
Area:
Long Beach (90813)
Property Description
We are pleased to present 501 W 8th St, in the 90813 Zip Code of Long Beach California. This pride of ownership 4 unit apartment is a terrific addition to any real estate portfolio generating passive income while capturing all the historical identity and charm the city of Long Beach has to offer. The property has a walk score of 84 being conveniently located 5 blocks away from Downtown Long Beach, The Civic Center, The Promenade, Harvey Milk Park, and other major local attractions. The unit mix consists of one 2 bedroom 2 bath unit with a bonus room, and three 1 bedroom 1 bath units with large closet spaces. One of the 1 bed units will be delivered vacant providing owner users and investors incredible value. There is one attached single garage that can be rented out for additional income or used by the new owner. All this and more for less than $1,000,000! We are pleased to present 501 W 8th St, in the 90813 Zip Code of Long Beach California. This pride of ownership 4 unit apartment is a terrific addition to any real estate portfolio generating passive income while capturing all the historical identity and charm the city of Long Beach has to offer. The property has a walk score of 84 being conveniently located 5 blocks away from Downtown Long Beach, The Civic Center, The Promenade, Harvey Milk Park, and other major local attractions. The unit mix consists of one 2 bedroom 2 bath unit with a bonus room, and three 1 bedroom 1 bath units with large closet spaces. One of the 1 bed units will be delivered vacant providing owner users and investors incredible value. There is one attached single garage that can be rented out for additional income or used by the new owner. All this and more for less than $1,000,000!
Exterior Features

Pool N/K Site CurbsSidewalks

Interior Features

Stories 2 Story Total Baths Unit1 2 Total Baths Unit2 1 Total Baths Unit3 1 Total Baths Unit4 1

Property Features

Actual Cap Rate 4.85 Age Restrictions Other/Remarks Annual Expense Actual 18499 Buildings 1 Cfd Mello Roos Fee 0.0 Cfd Mello Roos Fee Reflects Year Gross Rent Multiplier Actual 14.13 Gross Scheduled Income Actual 69000 Home Owners Fees 0.0 Terms CashConventionalExchange Unit Number For Unit1 1 Unit Number For Unit2 2 Unit Number For Unit3 3 Unit Number4 4 Unit1 Rent Actual 1900.0 Unit2 Rent Actual 1595.0 Unit3 Rent Actual 990.0 Unit4 Rent Actual 1100.0 Zoning Assessor

San Diego MLS logo Listing provided courtesy of Lyon Stahl Investment Real Estate, Inc.. Listing information © 2022 San Diego MLS Inc. Source: CRMLS
San Diego MLS logo This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2022 San Diego MLS, Inc. Licensed in the state of California.
 
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