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    1833 E 8th Street

    Long Beach, CA 90813
    • $1,049,000
    • STATUS: Active Under Contract
    • ON SITE: 54 days
    • ID#: PW20245338
    Under Contract
    UPDATED: 221 min ago
    $1,049,000
    • 0
      BEDS
    • 0.07
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 3,040
      SQFT
    • $345
      $/SQFT
    Neighborhood:
    699 - Not Defined
    Type:
    Multi-Family
    Built:
    1922
    County:
    Los Angeles
    Area:
    699 - Not Defined

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    Description

    We are pleased to present The 8th Street apartments, located South of Anaheim St. in a zip code that has seen a tremendous increase in apartment sales year-over-year. The property is comprised of four large 1-bedroom units that are prime for a conversion into 2-bedroom units. The building is located between two well-respected Historic neighborhoods, Rose Park and Craftsman Village, while also being just North of the trendy Retro Row. With a WalkScore of 98, tenants are sure to love the location and the ability to walk to all of the amenities they need. The property has just undergone new exterior paint in November of 2020, is submetered for both gas and electric, and has been professionally managed by Ernst and Haas for the last 5 years. With a price well below the average for the City of Long Beach, this property won't last.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-01-17T00:27:51.267. 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 deemed reliable but is not guaranteed accurate by the MLS or eXp Realty of California Inc.. Licensed in the State of California, USA.

    www.hometownnorthcounty.com/homes/112173907
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    1833 E 8th Street Long Beach, CA 90813

    • Price: $1,049,000
    • Status: Active Under Contract
    • Updated: 221 min ago
    • ID#: PW20245338
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.07
    Acres
    3,040
    SQFT
    $345
    $/SQFT
    1922
    Built
    Neighborhood:
    699 - Not Defined
    County:
    Los Angeles
    Area:
    699 - Not Defined
    Property Description
    We are pleased to present The 8th Street apartments, located South of Anaheim St. in a zip code that has seen a tremendous increase in apartment sales year-over-year. The property is comprised of four large 1-bedroom units that are prime for a conversion into 2-bedroom units. The building is located between two well-respected Historic neighborhoods, Rose Park and Craftsman Village, while also being just North of the trendy Retro Row. With a WalkScore of 98, tenants are sure to love the location and the ability to walk to all of the amenities they need. The property has just undergone new exterior paint in November of 2020, is submetered for both gas and electric, and has been professionally managed by Ernst and Haas for the last 5 years. With a price well below the average for the City of Long Beach, this property won't last.
    Exterior Features

    Architectural Style Spanish Construction Materials Stucco Entry Level 1 Entry Location In Front Foundation Details Raised Garage Spaces 0.00 Lot Features 0-1 Unit/Acre Lot Size Source Assessor Lot Size Units Square Feet Parking Features Off StreetOn SiteParking Space Parking Total 4.00 Parking YN Yes Pool Features None Pool Private YN No Property Attached YN No Road Frontage Type City Street Road Surface Type Paved Roof FlatSpanish Tile Spa Features None Spa YN No Uncovered Spaces 4.00 View Neighborhood View YN Yes

    Interior Features

    Average Studio Area Units Square Feet Average1 Bed Area 760 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 Heating Wall Furnace Heating YN Yes Laundry Features None Levels Two

    Property Features

    Additional Parcels YN No Association Fee 0.00 Association YN No Building Area Units Square Feet Community Features GuttersSidewalksStorm DrainsStreet LightsUrban Country Us Elevation Units Feet Gardener Expense 680.00 Gross Income 65004.00 Gross Multiplier 16.14 Gross Scheduled Income 65004.00 Insurance Expense 1376.00 Land Lease YN No Laundry YN No Licenses Expense 230.00 Maintenance Expense 4046.00 Net Operating Income 39908.00 New Construction YN No New Taxes Expense 13112.00 Number Of Separate Electric Meters 4 Number Of Separate Gas Meters 4 Number Of Separate Water Meters 1 Number Of Units Leased 4 Operating Expense 25096.00 Other Expense 503.00 Other Expense Description Misc. Pest Control Expense 65.00 Professional Management Expense 4297.00 Property Sub Type Quadruplex Rent Control YN Yes Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Tenant Pays ElectricityGasTrash Collection Total Actual Rent 5417.00 Total Expenses 25096.00 Trash Expense 0.00 Utilities Electricity ConnectedNatural Gas ConnectedSewer ConnectedWater Connected Water Sewer Expense 1017.00 Water Source Public Year Built Source Assessor Zoning Lbr2n

    Listing provided courtesy of Juan Huizar of Sage Real Estate and Caleb Baldwin of Sage Real Estate


    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-01-17T00:27:51.267. 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 deemed reliable but is not guaranteed accurate by the MLS or eXp Realty of California Inc.. Licensed in the State of California, USA.

     
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    eXp Realty of California Inc.
    2603 Camino Ramon Suite 200
    San Ramon CA, 94583