717 E 8th St Long Beach, CA 90813
Saint Mary's NeighborhoodEstimated payment $7,012/month
About This Home
High income totally updated 4 unit property in Downtown Long Beach with a 4 bed, 2.5 bath front house full of character plus three 1 bed, 1 bath units in the rear. All units recently updated, newer roof, replaced stairs, landscaping and exterior refresh completed. Very well priced on income at 11.3X GRM on actuals and a 5.7% cap rate with upside to 10.7X GRM and a 6.1% cap rate on market rents. 2 garages in rear structure plus driveway parking for 3 cars by the front house. Potential for ADU conversion in rear garages. Separately metered for gas and electric, allowing a low expense building. Great location right in Downtown Long Beach just North of the East Village Arts District. Blocks away from St. Mary's hospital, Museum of Latin American Art, rail lines, and $8 billion of new development. Only 8 blocks to the beach.
Listing Agent
Buckingham Investments, Inc Brokerage Phone: 310-561-4776 License #01908153 Listed on: 10/03/2025
Co-Listing Agent
Buckingham Investments, Inc Brokerage Phone: 310-561-4776 License #02035659
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1910
Lot Details
- 5,001 Sq Ft Lot
- 1 Common Wall
- Rectangular Lot
Parking
- 2 Car Garage
- 3 Open Parking Spaces
- Parking Available
- Rear-Facing Garage
Home Design
- Quadruplex
- Entry on the 1st floor
- Composition Roof
Interior Spaces
- 3,432 Sq Ft Home
- 2-Story Property
Bedrooms and Bathrooms
- 7 Bedrooms
- 6 Bathrooms
Additional Features
- Suburban Location
- Natural Gas Connected
Listing and Financial Details
- Legal Lot and Block 3 / 23
- Tax Tract Number 5763
- Assessor Parcel Number 7274021011
- $859 per year additional tax assessments
- Seller Considering Concessions
Community Details
Overview
- 2 Buildings
- 4 Units
- Downtown Subdivision
Building Details
- Rent Control
- 4 Separate Electric Meters
- 4 Separate Gas Meters
- 1 Separate Water Meter
- Electric Expense $11
- Fuel Expense $398
- Gardener Expense $325
- Insurance Expense $4,290
- Maintenance Expense $3,630
- Pest Control $585
- Professional Management Expense $4,617
- Trash Expense $442
- Water Sewer Expense $442
- New Taxes Expense $13,688
- Operating Expense $29,479
- Gross Income $97,200
- Net Operating Income $62,862
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| 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 | $15,299 | $1,185,802 | $768,526 | $417,276 |
| 2024 | $15,299 | $1,162,552 | $753,457 | $409,095 |
| 2023 | $15,041 | $1,139,758 | $738,684 | $401,074 |
| 2022 | $14,121 | $1,117,410 | $724,200 | $393,210 |
| 2021 | $11,196 | $873,960 | $565,801 | $308,159 |
| 2020 | $11,166 | $865,000 | $560,000 | $305,000 |
| 2019 | $8,177 | $611,778 | $242,159 | $369,619 |
| 2018 | $7,915 | $599,783 | $237,411 | $362,372 |
| 2016 | $7,274 | $576,494 | $228,193 | $348,301 |
| 2015 | $6,989 | $567,836 | $224,766 | $343,070 |
| 2014 | $6,955 | $556,714 | $220,364 | $336,350 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 11/24/2025 11/24/25 | Pending | -- | -- | -- | |
| 10/03/2025 10/03/25 | For Sale | $1,095,000 | 0.0% | $319 / Sq Ft | |
| 03/22/2021 03/22/21 | Sold | $1,095,500 | 0.0% | $319 / Sq Ft | View Prior Sale |
| 03/09/2021 03/09/21 | For Sale | $1,095,000 | 0.0% | $319 / Sq Ft | |
| 02/25/2021 02/25/21 | Pending | -- | -- | -- | |
| 02/22/2021 02/22/21 | Pending | -- | -- | -- | |
| 02/12/2021 02/12/21 | For Sale | $1,095,000 | 0.0% | $319 / Sq Ft | |
| 02/11/2021 02/11/21 | Off Market | $1,095,500 | -- | -- | |
| 02/03/2021 02/03/21 | For Sale | $1,095,000 | +26.6% | $319 / Sq Ft | |
| 03/09/2020 03/09/20 | Sold | $865,000 | +1.8% | $252 / Sq Ft | View Prior Sale |
| 01/13/2020 01/13/20 | Pending | -- | -- | -- | |
| 01/07/2020 01/07/20 | For Sale | $850,000 | -- | $248 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Grant Deed | -- | None Listed On Document | |
| Grant Deed | $865,000 | Wfg Title Company Of Ca | |
| Interfamily Deed Transfer | -- | Wfg Title Company Of Ca | |
| Interfamily Deed Transfer | -- | Wfg National Title Company | |
| Interfamily Deed Transfer | -- | Wfg Title Company Of Ca | |
| Interfamily Deed Transfer | -- | Financial Title Company | |
| Interfamily Deed Transfer | -- | First American Title Co Los | |
| Interfamily Deed Transfer | -- | First American Title Co Los | |
| Gift Deed | -- | -- | |
| Grant Deed | $258,000 | United Title Company | |
| Interfamily Deed Transfer | -- | North American Title Co | |
| Grant Deed | $67,500 | North American Title Co | |
| Grant Deed | $67,500 | North American Title Co |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $648,750 | New Conventional | |
| Previous Owner | $570,000 | Commercial | |
| Previous Owner | $349,500 | New Conventional | |
| Previous Owner | $248,079 | FHA | |
| Previous Owner | $144,000 | No Value Available |
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: SB25232103
APN: 7274-021-011
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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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