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328 W 8th Street

Long Beach, CA 90813
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Bed 0

Bed

Bath 1

Bath

Acres0.06

Acre(Lot)

328 West 8th Street is an 8-unit multifamily investment property located in Long Beach, California. 328 West 8th Street features an efficient unit mix consisting exclusively of studio apartments, with all 8 units having undergone extensive interior renovations. While finishes vary slightly by unit, the interiors generally feature vinyl plank flooring, shaker-style cabinetry, quartz countertops, subway tile backsplashes, stainless-steel appliances, range hoods, modern ceiling fans and updated paint. Bathrooms have also been modernized with tile flooring, updated showers and contemporary vanities. Seven of the eight units are equipped with in-unit washers and dryers. Ownership has invested more than $400,000 in capital improvements throughout the property, including substantial upgrades to b oth the interiors and exterior, resulting in a heavily modernized asset with significantly reduced near-term renovation requirements for a new owner. The property has been professionally managed and maintained, with electrical subpanels updated in 2024. The main electrical service is reported to be 200 amps, subject to buyer verification. From an operating standpoint, utilities are master-metered and currently paid by ownership, providing an opportunity for a future owner to implement a RUBS program and recover a portion of these expenses. Market underwriting assumes utility reimbursements of $50 per unit per month, creating an additional source of income while helping offset ownership’s utility costs. Located along a quiet, tree-lined residential street just blocks from Downtown Long Beach, 328 West 8th Street offers residents convenient access to shopping, dining, entertainment and everyday services. The property earns a Walk Score of 90, supporting a highly walkable lifestyle, while nearby access to the I-710 Freeway provides connectivity to employment centers throughout Long Beach and the surrounding region. With its renovated studio units, in-unit laundry in nearly every residence, completed electrical improvements and highly walkable Downtown-adjacent location, 328 West 8th Street offers a well-maintained multifamily asset with established improvements and an opportunity to enhance operating income through utility reimbursements.

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Detail Ic Property Details

Property Type : ResidentialIncome

Price : $1,375,000

AD Id : 91480050

MLS Id : OC26209184

Lot Size : 0.06 Acre

Year Built : 1923

County : Los Angeles

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Feature Features

  • Building Information

    Year Built: 1923
    Building Area Total: 3714
    Pool Features: None
    Private Pool: No

  • Lot Information

    Main Square Feet: 0.06 Lot Size Acres: 0.06 Lot Size Source: Assessor Lot Size Square Feet: 2,614 Lot Description: StreetLevel

    Property Information

    Subdivision: Other Source Property Type: ResidentialIncome Property SubType: Apartment Property Age: 103

  • Listing Price Information

    Listing Price: $1375000
    Cash, CashToNewLoan, Conventional, Exchange1031

  • Tax Information

    Parcel Number: 7272019004 Tax Lot: 1 Tax Block: 35

  • Location Information

    Direction: Cross Streets of West 8th Street & Chestnut Avenue WaterSource: Public
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Nearby Home Value

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1111 Pine Avenue, Long Beach, CA, 90813 $2,125,000 1 2 -- 0.17 Acre
820 Cedar Avenue, Long Beach, CA, 90813 $2,900,000 1 2 -- 0.17 Acre

The information being provided by Miami Association of REALTORS® is for the consumer's personal, non-commercial use. Any information relating to real estate for sale referenced on this web site comes from the Internet Data Exchange (IDX) program of the Miami Association of REALTORS®. The accuracy of all information is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by Miami Association of REALTORS® and is protected by all applicable copyright laws. Any unauthorized dissemination of this information is in violation of copyright laws and is strictly prohibited. Copyright 2026 Miami Association of REALTORS®. All rights reserved.

ByOwner last updated this listing 09/27/2026 @ 08:33

MLS: OC26209184 LISTED BY: Tyler Leeson, Marcus & Millichap RE Invest 949-419-3200 SOURCE: CRMLS

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