Seller's Agent in 2018
Cameron Samimi
Lyon Stahl Investment Real Estate, Inc.
(310) 259-7556
2 in this area
189 Total Sales
310 E 8th St Long Beach, CA 90813
Saint Mary's NeighborhoodEstimated Value: $1,305,000 - $1,650,000
6
Beds
4
Baths
3,348
Sq Ft
$442/Sq Ft
Est. Value
Highlights
- Open Floorplan
- 4-minute walk to 5Th Street Station
- High Ceiling
- Long Beach Polytechnic High School Rated A
- Bonus Room
- Stone Countertops
About This Home
As of July 2018Just Blocks to the Ocean this spacious 4-plex has two 2-bedroom/1-bath units plus two extra large 1-bedroom/1-baths units. Each 1-bedroom unit has a bonus dining room/office and front porch. The units feature vintage built-in cabinets, high ceilings, and hardwood floors. Below market rents allow for a very achievable market cap over 6.78%. This turn key asset has renovated units, newer copper plumbing, sewer line, and water heater.
The 8th Street Apartments are situated just blocks from the $3.5 billion in planned developments coming to the nearby area including the $520 million Civic Center project, $250 million Queen Mary Island waterfront development, and $53 million Long Beach Aquarium expansion
With a large parking lot across the street and a 94 Walk-score located in the heart of downtown with easy access to public transportation, restaurants, the ocean and shopping, many tenants choose to go car free.
One of the larger 4-unit properties on the market, this turn-key 4.76% cap rate asset is the perfect investment for an exchange buyer or owner/user looking to own a piece of one of Southern California’s last affordable beach communities. Do not miss this property as this is one of the last opportunities to buy downtown long beach at an affordable price.
Last Agent to Sell the Property
Lyon Stahl Investment Real Estate, Inc. License #02035763 Listed on: 05/25/2018
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $13,889
Year Built
- Built in 1918
Lot Details
- 2,247 Sq Ft Lot
- 1 Common Wall
- Density is 2-5 Units/Acre
Home Design
- Quadruplex
Interior Spaces
- 3,348 Sq Ft Home
- Open Floorplan
- High Ceiling
- Bonus Room
- Stone Countertops
Bedrooms and Bathrooms
- 6 Bedrooms
- 4 Bathrooms
Location
- Urban Location
Listing and Financial Details
- Tax Lot 4
- Tax Tract Number 5763
- Assessor Parcel Number 7273020002
Community Details
Overview
- 4 Units
Building Details
- 4 Leased Units
- 4 Separate Electric Meters
- 4 Separate Gas Meters
- 1 Separate Water Meter
- Operating Expense $19,382
- Net Operating Income $45,162
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Mar 1, 2025
Sold by
Vertical Web Ventures Inc
Bought by
River City Royalties Llc and Edison Operating Company Llc
Current Estimated Value
Purchase Details
Listed on
May 25, 2018
Closed on
Jun 8, 2018
Sold by
Robbins Mark W and Masters Marjorie L
Bought by
Mack Marvyn
Seller's Agent
Cameron Samimi
Lyon Stahl Investment Real Estate, Inc.
Buyer's Agent
Matthew Beatty
Keller Williams Pacific Estate
List Price
$949,000
Sold Price
$965,000
Premium/Discount to List
$16,000
1.69%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.96%
Original Mortgage
$360,000
Interest Rate
4.6%
Mortgage Type
New Conventional
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| River City Royalties Llc | $155,000 | None Listed On Document | |
| Mack Marvyn | $965,000 | Progressive Title Company |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | Mack Marvyn | $367,800 | |
| Previous Owner | Mack Marvyn | $360,000 | |
| Previous Owner | Robbins Mark W | $360,000 | |
| Previous Owner | Robbins Mark W | $514,500 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 07/10/2018 07/10/18 | Sold | $965,000 | +1.7% | $288 / Sq Ft |
| 06/05/2018 06/05/18 | Pending | -- | -- | -- |
| 05/25/2018 05/25/18 | For Sale | $949,000 | -- | $283 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History Compared to Growth
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $13,889 | $1,076,470 | $752,972 | $323,498 |
| 2024 | $13,889 | $1,055,363 | $738,208 | $317,155 |
| 2023 | $13,653 | $1,034,671 | $723,734 | $310,937 |
| 2022 | $12,815 | $1,014,385 | $709,544 | $304,841 |
| 2021 | $12,551 | $994,496 | $695,632 | $298,864 |
| 2019 | $12,371 | $965,000 | $675,000 | $290,000 |
| 2018 | $3,073 | $201,111 | $104,548 | $96,563 |
| 2016 | $2,815 | $193,304 | $100,490 | $92,814 |
| 2015 | $2,715 | $190,401 | $98,981 | $91,420 |
| 2014 | $2,718 | $186,673 | $97,043 | $89,630 |
Source: Public Records
Agents Affiliated with this Home
-
Cameron Samimi
-
Matthew Beatty
M
Buyer's Agent in 2018
Matthew Beatty
Keller Williams Pacific Estate
(562) 256-4914
20 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: SB18124377
APN: 7273-020-002
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Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
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