$925,000 - 417 W 8th Street, Long Beach

  • 0Beds
  • Baths
  • 3,180SQ. Feet
  • 0.13Acres

Triplex + 2 non conforming units for a TOTAL OF 5 UNITS! Great opportunity to invest in the Willmore historic district which is located just north of Downtown Long Beach. This property features a large front house (house is permitted as one unit but was split into 3 units) and a duplex in the rear. The house consists of a 1bed/1bath unit in the attic with a 3bed/1bath unit, studio unit, and community laundry room on the first floor. Units in the house rent for $2100-3bd/1ba, 1bd/1ba- $913, and studio- $777. Market rents for these units are $2100, 1300, and 1150 respectively. Excellent location, blocks from the Downtown core and easy access to freeways and public transit. (2) 1-car garages and a 4-car driveway which produce additional rental income. Onsite laundry room with coin operate machines. Two of the units have been completely renovated and the exterior of the property got a full refresh in 2015. The property is priced at 12 x gross based on current rents and at market rents the property would operate at a GRM of 10.21! " Do not disturb tenants.

Sales Agent

Sam SmithBeach Cities Real EstatePhone: 562-355-8228 Cell: 562-355-8228 Contact Agent Now

Essential Information

  • MLS® #:SB19192314
  • Price:$925,000
  • Bathrooms:0.00
  • Square Footage:3,180
  • Acres:0.13
  • Year Built:1923
  • Type:Residential Income
  • Status:Active

Community Information

  • Address:417 W 8th Street
  • Area:Downtown Area, Alamitos Beach (4)
  • Subdivision:Willmore District (WM)
  • City:Long Beach
  • County:Los Angeles
  • State:CA
  • Zip Code:90813

Amenities

  • Parking Spaces:2
  • # of Garages:2

Exterior

  • Lot Description:Yard

Additional Information

  • Date Listed:August 12th, 2019
  • Days on Market:5
  • Zoning:LBPD10

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Provided By: Cody Charnell(01950585), Buckingham Investments.

Based on information from California Regional Multiple Listing Service, Inc. as of August 18th, 2019 at 1:13pm 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.