328 W 8th Street
Long Beach, CA 90813
0
Bed
8
Bath
3,714Sqft
2,400Sqft(Lot)
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
Property Details
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Map
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Features
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Heating & Cooling
Has Heating: Yes Heating: WallFurnace Cooling: None
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Building Information
Year Built: 1923Building Area Total: 3714Stories: 2Private Pool: No
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Lot Information
Main Square Feet: 2400 Lot Size Acres: 0.0551 Lot Size Square Feet: 2,400
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Listing Price Information
Listing Price: $1399000Original Price: $1450000
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Tax Information
Parcel Number: 7272019004
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Virtual Tour
Parking Information
None
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Location Information
Direction: 8 Units blocks from Downtown Long Beach.
How much is this property worth?
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Nearby Home Value
| Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
|---|---|---|---|---|---|
| 1036 Cherry Avenue, Long Beach, CA, 90813 | $2,275,000 | 10 | 8 | 4,722 | 5,844 Sqft |
| 1012 Vina, Long Beach, CA, 90813 | $599,999 | 3 | 2 | 1,206 | 3,711 Sqft |
| 1061 N Minerva, Long Beach, CA, 90813 | $570,000 | 1 | 1 | 703 | 2,766 Sqft |
| 1050 Gaviota, Long Beach, CA, 90813 | $4,500,000 | -- | -- | 12,928 | 12,632.40 Sqft |
| 1323 Walnut Ave, Long Beach, CA, 90813 | $1,599,000 | 8 | 6 | -- | 6,362 Sqft |
| 1390 Gundry Avenue, Long Beach, CA, 90813 | $530,000 | 1 | 1 | 654 | 2,230 Sqft |
| 755 Gaviota Avenue, Long Beach, CA, 90813 | $2,875,000 | 2 | 2 | -- | 6,728 Sqft |
| 933 Walnut Avenue, Long Beach, CA, 90813 | $959,000 | 3 | 2 | 1,312 | 4,013 Sqft |
| 1442 Alamitos Avenue, Long Beach, CA, 90813 | $725,000 | -- | 3 | 1,064 | 2,018 Sqft |
| 1377 Warren Avenue, Long Beach, CA, 90813 | $1,627,000 | 4 | -- | 4,944 | 5,700 Sqft |
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ByOwner last updated this listing 09/09/2026 @ 00:36
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