328 W 8th Street, Long Beach, CA 90813

Long Beach
Local realty services provided by:ERA Excel Realty
328 W 8th Street,Long Beach, CA 90813
$1,399,000
  • - Beds
  • 8 Baths
  • 3,714 sq. ft.
  • Multi-family
  • Active
Listed by: jonathan swire
Office: the agency424-230-3700
MLS#:26633867
Source:CRMLS

Price summary

  • Price:$1,399,000
  • Price per sq. ft.:$376.68

About this home

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...

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Home facts

  • Year built:1923
  • Listing ID #:26633867
  • Added:219 day(s) ago
  • Updated:August 14, 2026 at 11:20 AM

Rooms and interior

  • Total bathrooms:8
  • Living area:3,714 sq. ft.

Heating and cooling

  • Heating:Wall Furnance

Structure and exterior

  • Year built:1923
  • Building area:3,714 sq. ft.
  • Lot area:0.06 Acres
  • Levels:2 Story

Finances and disclosures

  • Price:$1,399,000
  • Price per sq. ft.:$376.68
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