Seller's Agent in 2025
Austin Longwell
West Shores Realty, Inc.
(626) 408-4420
1 in this area
10 Total Sales
501 W 8th St Long Beach, CA 90813
Willmore NeighborhoodEstimated Value: $868,674 - $969,000
4
Beds
5
Baths
2,592
Sq Ft
$356/Sq Ft
Est. Value
About This Home
As of October 2025We are pleased to present the exclusive opportunity to acquire to 4 units withing walking distance to Prime Downtown Long Beach. The property is comprised of 4 units with an ideal unit mix of (3) 1 bed 1 baths & (1) 2 bed 2 baths and a bonus room & kitchenette area. With excellent proximity to shopping, entertainment districts and restaurants, this community is an attractive destination for vacations, business trips and urban young professionals making it a unique opportunity for short-and long-term rentals alike. This is an incredible opportunity for a first time home buyer to take advantage of the generous City, State, and private Down Payment Assistance Grants while having their tenants subsidize their mortgage. Ask us how you can begin your generational wealth journey today!
Last Agent to Sell the Property
West Shores Realty, Inc. Brokerage Phone: 626-408-4420 License #02036524 Listed on: 07/31/2025
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1946
Lot Details
- 4,498 Sq Ft Lot
- No Common Walls
- Sprinkler System
- Front Yard
- Density is up to 1 Unit/Acre
Parking
- 1 Car Garage
Home Design
- Quadruplex
- Entry on the 1st floor
Interior Spaces
- 2,592 Sq Ft Home
- 2-Story Property
- Laundry in unit
Bedrooms and Bathrooms
- 4 Bedrooms
- 5 Bathrooms
Outdoor Features
- Exterior Lighting
Listing and Financial Details
- Tenant pays for electricity, gas, parking fee
- Legal Lot and Block 4 / 153
- Tax Tract Number 5758
- Assessor Parcel Number 7272016024
- $759 per year additional tax assessments
- Seller Considering Concessions
Community Details
Overview
- 4 Units
- Willmore District Subdivision
Amenities
- Laundry Facilities
Building Details
- 4 Separate Electric Meters
- 4 Separate Gas Meters
- 1 Separate Water Meter
- Gardener Expense $800
- Insurance Expense $3,240
- Maintenance Expense $3,131
- Water Sewer Expense $2,400
- New Taxes Expense $11,875
- Operating Expense $21,446
- Gross Income $78,273
- Net Operating Income $53,305
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
Listed on
Jul 31, 2025
Closed on
Sep 30, 2025
Sold by
Bought by
Seller's Agent
Austin Longwell
West Shores Realty, Inc.
Buyer's Agent
Marc Habib
Buckingham Investments, Inc
List Price
$950,000
Sold Price
$900,000
Premium/Discount to List
-$50,000
-5.26%
Views
49
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$21,919
Avg. Annual Appreciation
3.50%
Original Mortgage
$720,000
Outstanding Balance
$714,774
Interest Rate
6.58%
Mortgage Type
New Conventional
Estimated Equity
$207,145
Purchase Details
Closed on
Jan 30, 2013
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
$289,125
Interest Rate
3.29%
Mortgage Type
New Conventional
Purchase Details
Closed on
Mar 8, 2002
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
$223,200
Interest Rate
3.5%
Purchase Details
Closed on
Sep 27, 2000
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
$172,800
Interest Rate
7.66%
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Home Values in the Area
Average Home Value in this Area
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 |
|---|---|---|---|
| $900,000 | Stewart Title Of California | ||
| $385,500 | Progressive Title Company | ||
| -- | -- | ||
| $279,000 | North American Title Co | ||
| $192,000 | North American Title Co |
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 |
|---|---|---|---|
| Open | $720,000 | ||
| Previous Owner | $289,125 | ||
| Previous Owner | $223,200 | ||
| Previous Owner | $172,800 |
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 |
|---|---|---|---|---|
| 10/03/2025 10/03/25 | Sold | $900,000 | -5.3% | $347 / Sq Ft |
| 07/31/2025 07/31/25 | For Sale | $950,000 | -- | $367 / 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 | $6,834 | $471,942 | $332,481 | $139,461 |
| 2024 | $6,528 | $462,689 | $325,962 | $136,727 |
| 2023 | $6,413 | $453,618 | $319,571 | $134,047 |
| 2022 | $6,032 | $444,724 | $313,305 | $131,419 |
| 2021 | $5,895 | $436,005 | $307,162 | $128,843 |
| 2019 | $5,811 | $423,854 | $298,052 | $125,802 |
| 2018 | $5,667 | $417,986 | $292,208 | $125,778 |
| 2016 | $5,214 | $401,008 | $280,862 | $120,146 |
| 2015 | $5,013 | $394,986 | $276,644 | $118,342 |
| 2014 | $4,996 | $387,249 | $271,225 | $116,024 |
Source: Public Records
Agents Affiliated with this Home
-
Austin Longwell
-
Marc Habib
M
Buyer's Agent in 2025
Marc Habib
Buckingham Investments, Inc
(310) 995-4011
1 in this area
12 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: SB25172198
APN: 7272-016-024
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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