Angie Rebennack
Responds Quickly
Keller Williams Pacific Estate
(669) 267-1339
56 Total Sales
3 in Recreation Park
$910K - $954K Price Range
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 Facilities
- 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
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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
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
Ownership 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
Name
Owned For
Owner Type
Purchase Details
Closed on
Mar 24, 2023
Sold by
Bought by
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$400,000
Interest Rate
6.43%
Mortgage Type
New Conventional
Purchase Details
Closed on
Apr 24, 2013
Sold by
Bought by
Purchase Details
Closed on
Sep 20, 2001
Sold by
Bought by
Purchase Details
Closed on
Aug 28, 2001
Sold by
Bought by
Home Values in the Area
Average Home Value in this Area
Agents Specializing in Recreation Park, CA
-
Angie Rebennack
-
Daniel Dooros
Daniel Dooros
Real Brokerage Technologies
(424) 292-8543
12 Total Sales
2 in Recreation Park
$485K - $919K Price Range
-
Viviana Kim
Viviana Kim
Major League Properties
(657) 500-0759
51 Total Sales
1 in Recreation Park
$527,000 Price
-
Richard Gaylord
Richard Gaylord
Re/Max R. E. Specialists
(424) 300-8259
24 Total Sales
2 in Recreation Park
$915K - $2.3M Price Range
-
Vannessa Swinford
Vannessa Swinford
First Team Real Estate
(657) 341-0938
34 Total Sales
1 in Recreation Park
$842,000 Price
-
Allison Van Wig
Allison Van Wig
Responds QuicklyKeller Williams Coastal Prop.
(562) 582-8861
238 Total Sales
1 in Recreation Park
$455,000 Price
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 | Buyer | Sale Price | Title Company |
|---|---|---|---|
| $2,200,000 | Chicago Title Company | ||
| -- | None Available | ||
| -- | -- | ||
| $2,350,000 | Chicago Title Company |
Source: Public Records
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 | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | $400,000 |
Source: Public Records
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 |
|---|---|---|---|---|
| 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
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 | $31,080 | $2,288,880 | $1,352,520 | $936,360 |
| 2024 | $29,473 | $2,244,000 | $1,326,000 | $918,000 |
| 2023 | $4,761 | $254,085 | $37,624 | $216,461 |
| 2022 | $4,511 | $249,104 | $36,887 | $212,217 |
| 2021 | $4,363 | $244,220 | $36,164 | $208,056 |
| 2019 | $4,300 | $236,979 | $35,093 | $201,886 |
| 2018 | $4,107 | $232,333 | $34,405 | $197,928 |
| 2016 | $3,753 | $223,314 | $33,070 | $190,244 |
| 2015 | $3,631 | $219,961 | $32,574 | $187,387 |
| 2014 | $3,654 | $215,653 | $31,936 | $183,717 |
Source: Public Records
Agents Affiliated with this Home
-
Tyler Leeson
Seller's Agent in 2023
Tyler Leeson
Marcus & Millichap RE Invest
(949) 419-3200
3 in this area
171 Total Sales
-
J
Buyer's Agent in 2023
Joseph Finkelstein
Buckingham Investments, Inc
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: OC23013563
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.
The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
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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