NOT LISTED FOR SALE

3911 E 8th St Long Beach, CA 90804

Recreation Park Neighborhood
8 Beds
7 Baths
4,029 Sq Ft
7,045 Sq Ft Lot

Last Sold April 05, 2019

Last sale price $1,675,000 $416 Per Sq Ft

11 Days on Market

About This Home

As of April 2019

Great Investment Opportunity! Situated on a large 7,045 SF lot, the 4,029 SF property is comprised of (1) 2bd/1bth unit, and (6) 1bd/1bth units. Built in 1955, the property includes 3 single car garages, 4 surface parking spaces, and onsite laundry. The property is well maintained but original condition. Property will be delivered with two vacant units. Current rents are well below market.

Last Agent to Sell the Property

Spencer Pabst

Pabst, Kinney & Associates License #01849377 Listed on: 02/15/2019

Last Buyer's Agent

Jon Swire

The Agency License #01336277

The Agency

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1955

Lot Details

  • 7,045 Sq Ft Lot
  • Two or More Common Walls

Parking

  • 4 Open Parking Spaces
  • 3 Car Garage

Home Design

  • 4,029 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 7 Bathrooms

Laundry

  • Laundry Room

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 2
  • Tax Tract Number 5770
  • Assessor Parcel Number 7254016018

Community Details

Overview

  • 7 Units

Building Details

  • 6 Leased Units
  • 7 Separate Electric Meters
  • 7 Separate Gas Meters
  • 1 Separate Water Meter
  • Gross Income $7,800
  • Net Operating Income $95,400

Property Details

Home Type

Multi-Family

Year Built

Built in 1955

Lot Details

0

Parking

3

Listing Details

  • CapRate: 2.96
  • Property Attached: Yes
  • Subdivision Name Other: Eastside (ES)
  • Zoning: LBR3S
  • Property Type: Residential Income
  • Parcel Number: 7254016018
  • Year Built: 1955
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 2+ Common Walls
  • Levels: Two
  • Price Per Square Foot: 415.74

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 3.00
  • Total Parking Spaces: 7.00
  • Uncovered Spaces: 4.00

Utilities

  • Laundry: Yes
  • Laundry Features: Individual Room
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Lot 6500-9999
  • Lot Size Sq Ft: 7045.00
  • Lot Size Acres: 0.1617

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Gross Income: 7800.00
  • Gross Multiplier: 17.30
  • Gross Scheduled Income: 95400.00
  • Lot Size Area: 7045.0000 Square Feet
  • Net Operating Income: 95400.00
  • Number Of Separate Electric Meters: 7
  • Number Of Separate Gas Meters: 7
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 6
  • Number Of Units Total: 7
  • Rent Control: No
  • Total Actual Rent: 6305.00

Tax Info

  • Tax Census Tract: 5770.00
  • Tax Lot: 2
  • Tax Tract Number: 5770

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/05/2019 04/05/19 Sold $1,675,000 +1.5% $416 / Sq Ft
02/26/2019 02/26/19 Pending -- -- --
02/15/2019 02/15/19 For Sale $1,650,000 -- $410 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Spencer Pabst

    Seller's Agent in 2019

    Spencer Pabst

    Pabst, Kinney & Associates

    (562) 884-6875

    52 Total Sales

    Spencer Pabst
    Section Image
  • Jon Swire

    Buyer's Agent in 2019

    Jon Swire

    The Agency

    (310) 948-2631

    1 in this area

    34 Total Sales

    Jon Swire
    Section Image
See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW19036339

California Regional Multiple Listing Service (CRMLS)
California Los Angeles County Long Beach 90804 Recreation Park

3911 E 8th St, Long Beach, CA

Not Listed for Sale

MultiFamily

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California Regional Multiple Listing Service (CRMLS) 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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