1822 E 8th Street

    Long Beach, CA 90813
    • $998,888
    • STATUS: Active
    • ON SITE: 312 days
    • ID#: SB17212218
    $998,888
    • 0
      BEDS
    • 0.06
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 3,120
      SQFT
    • $320
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1929
    County:

    School Ratings & Info

    Description

    We are pleased to offer this rare opportunity for a corner lot income property in the city of Long Beach. This is a well maintained classic Spanish style building with very large units. Income producing 4-plex in an easy to rent neighborhood in Long Beach close to CSULB with NO RENT CONTROL. Each unit is approximately 750 SF with two bedrooms, one bath plus a bonus room. Each unit has a private 6 X 6 room inside (currently allowed to be used only as storage). All units are spacious with a combination of hardwood floors and tile. The building has an original character and is maintained with low overhead. The property is situated in a quiet, desirable area with high rental demand. There is a side yard for common tenant use. The interior of the property was partially updated in 2010. The property has separate meters for electricity.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-07-23T00:29:17.797. 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.
    www.playavistaliving.com/homes/76714023

    1822 E 8th Street Long Beach, CA 90813

    • Price: $998,888
    • Status: Active
    • ID#: SB17212218
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.06
    Acres
    3,120
    SQFT
    $320
    $/SQFT
    1929
    Built
    Neighborhood:
    Alamitos Beach (Ab)
    County:
    Los Angeles
    Area:
    4 - Downtown Area, Alamitos Beach
    Property Description
    We are pleased to offer this rare opportunity for a corner lot income property in the city of Long Beach. This is a well maintained classic Spanish style building with very large units. Income producing 4-plex in an easy to rent neighborhood in Long Beach close to CSULB with NO RENT CONTROL. Each unit is approximately 750 SF with two bedrooms, one bath plus a bonus room. Each unit has a private 6 X 6 room inside (currently allowed to be used only as storage). All units are spacious with a combination of hardwood floors and tile. The building has an original character and is maintained with low overhead. The property is situated in a quiet, desirable area with high rental demand. There is a side yard for common tenant use. The interior of the property was partially updated in 2010. The property has separate meters for electricity.
    Exterior Features

    Architectural Style Spanish Construction Materials Stucco Entry Location Front Fence YN Yes Fencing Wood Garage Spaces 0.00 Lot Features 2-5 Units/AcreCorner LotYard Lot Size Source Assessor Lot Size Units Square Feet Parking Total 0.00 Pool Features None Pool Private YN No Property Attached YN No Road Frontage Type City Street Road Surface Type Alley Paved Roof Flat Spa Features None Spa YN No View NeighborhoodTrees/Woods View YN Yes

    Interior Features

    Appliances Gas StoveRecirculated Exhaust FanWater Heater Unit Appliances YN Yes Average Studio Area Units Square Feet Average1 Bed Area Units Square Feet Average2 Bed Area Units Square Feet Average3 Bed Area Units Square Feet Common Walls No Common Walls Cooling None Cooling YN No Fireplace Features None Fireplace YN No Flooring TileWood Heating Wall Heater Heating YN Yes Interior Features BalconyUnfurnished Laundry Features Individual RoomSee Remarks Levels Two Room Type KitchenLiving Room Window Features Drapes/CurtainsWood Frame Windows

    Property Features

    Additional Parcels YN No Association Fee 0.00 Association YN No Building Area Units Square Feet Community Features SidewalksStreet LightingUrban Country Us Electric Electricity - On Property Electric Expense 0.00 Elevation Units Feet Gardener Expense 600.00 Gross Income 72000.00 Gross Scheduled Income 72000.00 Insurance Expense 1200.00 Land Lease YN No Laundry YN Yes Licenses Expense 200.00 Net Operating Income 60500.00 New Taxes Expense 8000.00 Number Of Separate Electric Meters 4 Number Of Separate Gas Meters 1 Number Of Separate Water Meters 1 Number Of Units Leased 4 Operating Expense 11500.00 Other Expense 150.00 Other Expense Description City Fee Professional Management Expense 0.00 Property Condition Updated/Remodeled Rent Control YN No Security Features Smoke Detector Senior Community YN No Special Listing Conditions Standard Subdivision Name Other Alamitos Beach (Ab) Tenant Pays Cable TvElectricity Total Actual Rent 5455.00 Total Expenses 11500.00 Trash Expense 750.00 Utilities Cable AvailableNatural Gas AvailablePhone AvailableSewer Available Water Sewer Expense 750.00 Water Source Public Year Built Source Assessor Zoning Lbr2n

    Listing provided courtesy of David Caskey of Strand Hill Christies International Real Estate.


    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-07-23T00:29:17.797. 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.
     
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