328 W 8th St Long Beach, CA 90813
Willmore NeighborhoodEstimated payment $9,588/month
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 thousands of indirect construction and supply-chain service jobs. Qualified Buyers can put down as little as 25% with excellent bank financing fixed at 5.4% for 5-years.
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1923
Interior Spaces
- 8 Bathrooms
- 3,714 Sq Ft Home
- 2-Story Property
Additional Features
- 2,400 Sq Ft Lot
- Heating System Mounted To A Wall or Window
Community Details
- 8 Units
Listing and Financial Details
- Assessor Parcel Number 7272-019-004
Map
Home Values in the Area
Average Home Value in this Area
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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 | $22,958 | $1,696,700 | $1,104,362 | $592,338 |
| 2024 | $21,960 | $1,663,432 | $1,082,708 | $580,724 |
| 2023 | $21,579 | $1,630,817 | $1,061,479 | $569,338 |
| 2022 | $20,251 | $1,598,841 | $1,040,666 | $558,175 |
| 2021 | $19,838 | $1,567,492 | $1,020,261 | $547,231 |
| 2019 | $12,227 | $916,672 | $593,028 | $323,644 |
| 2018 | $11,939 | $898,720 | $581,400 | $317,320 |
| 2016 | $8,740 | $667,919 | $465,990 | $201,929 |
| 2015 | $8,404 | $657,887 | $458,991 | $198,896 |
| 2014 | $8,380 | $645,000 | $450,000 | $195,000 |
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 08/12/2026 08/12/26 | Price Changed | $1,399,000 | -0.7% | $377 / Sq Ft | |
| 08/03/2026 08/03/26 | Price Changed | $1,409,000 | -0.7% | $379 / Sq Ft | |
| 07/20/2026 07/20/26 | Price Changed | $1,419,000 | -0.7% | $382 / Sq Ft | |
| 07/13/2026 07/13/26 | Price Changed | $1,429,000 | -0.7% | $385 / Sq Ft | |
| 07/06/2026 07/06/26 | Price Changed | $1,439,000 | -0.5% | $387 / Sq Ft | |
| 06/17/2026 06/17/26 | Price Changed | $1,446,000 | -0.1% | $389 / Sq Ft | |
| 06/11/2026 06/11/26 | Price Changed | $1,447,000 | 0.0% | $390 / Sq Ft | |
| 04/21/2026 04/21/26 | Price Changed | $1,447,500 | 0.0% | $390 / Sq Ft | |
| 04/13/2026 04/13/26 | For Sale | $1,447,700 | 0.0% | $390 / Sq Ft | |
| 04/08/2026 04/08/26 | Pending | -- | -- | -- | |
| 03/30/2026 03/30/26 | Price Changed | $1,447,700 | 0.0% | $390 / Sq Ft | |
| 03/23/2026 03/23/26 | Price Changed | $1,448,000 | -0.1% | $390 / Sq Ft | |
| 03/13/2026 03/13/26 | Price Changed | $1,449,000 | -0.1% | $390 / Sq Ft | |
| 01/06/2026 01/06/26 | For Sale | $1,450,000 | -4.7% | $390 / Sq Ft | |
| 02/22/2019 02/22/19 | Sold | $1,521,000 | -1.9% | $410 / Sq Ft | View Prior Sale |
| 12/28/2018 12/28/18 | Pending | -- | -- | -- | |
| 12/27/2018 12/27/18 | Price Changed | $1,550,000 | -4.3% | $417 / Sq Ft | |
| 11/13/2018 11/13/18 | Price Changed | $1,620,000 | -5.8% | $436 / Sq Ft | |
| 11/06/2018 11/06/18 | For Sale | $1,720,000 | +95.5% | $463 / Sq Ft | |
| 07/31/2016 07/31/16 | Sold | $880,000 | 0.0% | $237 / Sq Ft | View Prior Sale |
| 06/15/2016 06/15/16 | Pending | -- | -- | -- | |
| 06/02/2016 06/02/16 | For Sale | $880,000 | +36.4% | $237 / Sq Ft | |
| 09/09/2013 09/09/13 | Sold | $645,000 | -0.8% | $174 / Sq Ft | View Prior Sale |
| 08/01/2013 08/01/13 | Pending | -- | -- | -- | |
| 01/15/2013 01/15/13 | For Sale | $650,000 | -- | $175 / Sq Ft |
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Grant Deed | $1,521,000 | First American Title Ins Co | |
| Quit Claim Deed | -- | First American Title Insuran | |
| Grant Deed | $880,000 | Ticor Title Company | |
| Interfamily Deed Transfer | -- | Fidelity Natl Title Co Lb | |
| Grant Deed | $645,000 | Fidelity Natl Title Co Lb | |
| Grant Deed | $690,000 | Fidelity National Title Co | |
| Grant Deed | $169,000 | United Title | |
| Quit Claim Deed | $160,000 | First American Title Co |
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $1,415,000 | Commercial | |
| Closed | $1,092,000 | Construction | |
| Previous Owner | $1,000,000 | Commercial | |
| Previous Owner | $616,000 | Commercial | |
| Previous Owner | $548,000 | Commercial | |
| Previous Owner | $552,000 | Seller Take Back |
Source: The MLS
MLS Number: 26633867
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
© 2026 The MLS™ - Combined L.A. Westside MLS (CLAW). All rights reserved. Based on information from The MLS™ - Combined L.A. Westside MLS (CLAW). 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.
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Information is deemed reliable but not guaranteed.
- 728 Cedar Ave
- 702 Cedar Ave
- 833 Cedar Ave
- 645 Chestnut Ave Unit 305
- 815 Pacific Ave
- 800 Pacific Ave Unit 401
- 800 Pacific Ave Unit 204
- 800 Pacific Ave Unit 305
- 225 W 6th St Unit 405
- 445 W 6th St
- 921 Pacific Ave Unit 10
- 545 Chestnut Ave Unit 203
- 801 Pine Ave
- 801 Pine Ave Unit 205
- 527 Cedar Ave Unit 2E
- 740 Daisy Ave
- 939 Pacific Ave
- 528 Cedar Ave Unit 3A
- 548 Magnolia Ave
- 551 W 8th St
- 735 Cedar Ave
- 821 Chestnut Ave
- 821 Chestnut Ave
- 646 Chestnut Ave
- 336 W 9th St
- 815 Pacific Ave Unit 11
- 630 Magnolia Ave
- 401 W 6th St
- 727 Magnolia Ave
- 229 W 6th St
- 225 W 6th St Unit 506
- 817 Magnolia Ave Unit 819
- 817 Magnolia Ave Unit B
- 545 Chestnut Ave Unit 306
- 746 Daisy Ave Unit 1
- 801 Pine Ave Unit 401
- 525 Chestnut Ave Unit 527-05
- 525 Chestnut Ave Unit 527-08
- 525 Chestnut Ave Unit 527-06
- 525 Chestnut Ave
Ask me questions while you tour the home.