Seller's Agent in 2023
Tyler Leeson
Marcus & Millichap RE Invest
(949) 419-3200
2 in this area
143 Total Sales
3723 E 8th St Long Beach, CA 90804
Recreation Park Neighborhood
3
Beds
2
Baths
6,852
Sq Ft
6,098
Sq Ft Lot
Highlights
- Laundry Room
- Woodrow Wilson High School Rated A
- Level Lot
About This Home
As of June 20233723 East 8th Street is an 8-unit multifamily investment property located in Long Beach, CA. 3723 East 8th Street offers an attractive mix of one and two-bedroom floor plans as well as 4 garage parking spaces, providing additional income potential. Long Beach’s strong rental metrics, including a 2021 vacancy rate of just 1.8 percent and year-over-year rent growth of 12.1 percent, are evidence of the substantial demand for rental units in the area. With current rents below market rates, 3723 East 8th Street represents an attractive value-add opportunity for a new owner. 3723 East 8th Street is situated in the desirable Eastside neighborhood of Long Beach where residents enjoy convenient access to everyday needs as well as a plethora of retail, dining, and entertainment options at the Los Alamitos Traffic Circle, located within 1 mile of the property. 3723 East 8th Street is in close proximity to all levels of schooling including Willard Elementary, Jefferson Middle, and Woodrow Wilson High. Additionally, the property benefits from its location within 0.90 miles of Pacific Coast Highway and 1.50 miles from State Route 22, connecting residents to employment hubs throughout Los Angeles and Orange Counties.
Last Agent to Sell the Property
Marcus & Millichap RE Invest License #01451551 Listed on: 01/25/2023
Last Buyer's Agent
Joseph Finkelstein
Buckingham Investments, Inc License #02119882
Property Details
Home Type
- Apartment
Year Built
- Built in 1964
Lot Details
- 6,098 Sq Ft Lot
- No Common Walls
- Level Lot
Parking
- 4 Car Garage
Interior Spaces
- 6,852 Sq Ft Home
- 2-Story Property
- Laundry Room
Bedrooms and Bathrooms
- 3 Bedrooms
- 2 Bathrooms
Listing and Financial Details
- Tax Lot 13
- Tax Tract Number 577
- Assessor Parcel Number 7254015015
- $1,288 per year additional tax assessments
Community Details
Building Details
- 8 Leased Units
- Rent Control
- 8 Separate Electric Meters
- 8 Separate Gas Meters
- Electric Expense $1,484
- Fuel Expense $1,484
- Insurance Expense $3,200
- Maintenance Expense $6,000
- Other Expense $6,688
- Professional Management Expense $7,421
- Trash Expense $1,484
- Water Sewer Expense $1,487
- New Taxes Expense $26,204
- Operating Expense $55,452
- Gross Income $152,964
- Net Operating Income $92,960
Additional Features
- 8 Units
- Laundry Facilities
Create a Home Valuation Report for This Property
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 06/07/2023 06/07/23 | Sold | $2,200,000 | 0.0% | $321 / Sq Ft |
| 03/23/2023 03/23/23 | Pending | -- | -- | -- |
| 01/25/2023 01/25/23 | For Sale | $2,200,000 | -- | $321 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History Compared to Growth
Agents Affiliated with this Home
-
Tyler Leeson
-
J
Buyer's Agent in 2023
Joseph Finkelstein
Buckingham Investments, Inc
(562) 896-3851
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: OC23013563
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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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