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Price Reduced Listing
$1,399,000
 $7,510 est/mo Sourced by Back At You

328 W 8th Street,Long Beach, CA 90813

Long Beach, CA 90813

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Description

PRICE REDUCED AND READY TO SELL AT 9.4 GRM with rental upside. Earn over an 8% cash on cash return against in place rents. 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 9.0 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.

Details

MLS #26633867
Listing TypeFor Sale
Sub-TypeResale
StatusActive
Year1923
Days On Site231
Listing Provided ByThe Agency | Jonathan Swire

Features

Bath(s)8
SQ Feet3,714
Story(s)2
Units8
Building(s)1
ZoningLBPD10
Acreage0.06

Interior

CoolingNone
HeatingWall Furnace
Heating Yes / NoYes
Cooling Yes / NoNo

Parking

Parking FeaturesNone

Area Information

StateCA
CountyLos Angeles
CityLong Beach
Zip Code90813
Area4 Downtown Area | Alamitos Beach
Listing VS Median (in 90813)
Price:
$1,399,000
low | high
Med:
$756,000
95.961401000715% of Average
sqft:
3,714
low | high
Med:
1,543
100% of Average
$ / sqft:
$377
low | high
Med:
$490
19.929127230496% of Average
On site:
231
low | high
Med:
50
100% of Average
Sourced by Back At You

Market Activity 90813

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Coldwell Banker Home Source

Coldwell Banker Home Source

01902736 (760) 684-8100info@cbhomesource.com
StateCA
CountyLos Angeles
CityLong Beach
Zip Code90813
Area4 Downtown Area | Alamitos Beach
Listing VS Median (in 90813)
Price:
$1,399,000
low | high
Med:
$756,000
95.961401000715% of Average
sqft:
3,714
low | high
Med:
1,543
100% of Average
$ / sqft:
$377
low | high
Med:
$490
19.929127230496% of Average
On site:
231
low | high
Med:
50
100% of Average
Sourced by Back At You
Nearby Listings (Within 1/10 mile)
Price: $1.49M - $1.748M
sqft: 2,500 - 4,500
Nearby Listings Property ImageNearby Listings Details
702 CEDAR Avenue Property Photo 1
$899,000
702 Cedar Avenue
Long Beach, CA 90813
Listing Updated: August 21, 2026 at 11:55:50 PM PDT

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