$2,200,000 - 3723 8th Street, Long Beach
- 0Beds
- Baths
- 0SQ. Feet
- 0.14Acres
3723 East 8th Street is an 8-unit multifamily investment property located in Long Beach, CA. 3723 East 8th Street offers an attractive mix of one and two-bedroom floor plans as well as 4 garage parking spaces, providing additional income potential. Long Beach’s strong rental metrics, including a 2021 vacancy rate of just 1.8 percent and year-over-year rent growth of 12.1 percent, are evidence of the substantial demand for rental units in the area. With current rents below market rates, 3723 East 8th Street represents an attractive value-add opportunity for a new owner. 3723 East 8th Street is situated in the desirable Eastside neighborhood of Long Beach where residents enjoy convenient access to everyday needs as well as a plethora of retail, dining, and entertainment options at the Los Alamitos Traffic Circle, located within 1 mile of the property. 3723 East 8th Street is in close proximity to all levels of schooling including Willard Elementary, Jefferson Middle, and Woodrow Wilson High. Additionally, the property benefits from its location within 0.90 miles of Pacific Coast Highway and 1.50 miles from State Route 22, connecting residents to employment hubs throughout Los Angeles and Orange Counties.
Sales Agent
Sam SmithBeach Cities Real EstatePhone: 562-355-8228 Cell: 562-355-8228 Contact Agent NowEssential Information
- MLS® #:OC23013563
- Price:$2,200,000
- Bathrooms:0.00
- Acres:0.14
- Year Built:1964
- Type:Residential Income
- Sub-Type:Apartment
- Status:Closed
- Listing Agent:Tyler Leeson
- Listing Office:Marcus & Millichap RE Invest
Community Information
- Address:3723 8th Street
- Area:699 - Not Defined
- City:Long Beach
- County:Los Angeles
- Zip Code:90804
Amenities
- Parking Spaces:4
- # of Garages:4
- Pool:None
Interior
- # of Stories:2
- Stories:Two
Exterior
- Lot Description:Street Level
Additional Information
- Date Listed:January 25th, 2023
- Days on Market:57
- Zoning:LBR3S
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Similar Neighborhoods in Long Beach, California
Back to ResultsEastside (es)
- City:
- Long Beach
- Price Range:
- $699,000 - $5,995,000
- Current Listings:
- 25
- HOA Dues:
- $0
- Average Price per Square Foot:
- $
Alamitos Heights (ah)
- City:
- Long Beach
- Price Range:
- $1,525,000 - $2,600,000
- Current Listings:
- 3
- HOA Dues:
- $0
- Average Price per Square Foot:
- $
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Based on information from California Regional Multiple Listing Service, Inc. as of April 26th, 2024 at 12:56pm CDT. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.