$1,525,000
SOLD JUN 20, 2019

720 E 8th St Long Beach, CA 90813

Saint Mary's Neighborhood
9 Beds
7 Baths
4,304 Sq Ft
5,020 Sq Ft Lot

Recently Sold

$354 Per Sq Ft

2% Above List Price

30 Days on Market

About This Home

As of June 2019

Recently renovated 7 unit multi-family apartment with rental upside. Just blocks to the Downtown Long Beach developments. The property consists of one three-bed/one-bath unit & six one-bed/one-bath units along with on-site laundry & a one-car garage. Property is separately metered for gas, water and electric.

Last Agent to Sell the Property

Travis Lebouf

Platinum Properties R.E. License #01938822 Listed on: 04/09/2019

Co-Listed By

Anthony Walker

Buckingham Investments, Inc License #01908153

Last Buyer's Agent

Chris van Vuuren

Lyon Stahl Investment Real Estate, Inc. License #02060007

Lyon Stahl Investment Real Estate, Inc.

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1922

Lot Details

  • 5,020 Sq Ft Lot
  • No Common Walls
  • Density is 6-10 Units/Acre

Parking

  • 1 Car Garage

Home Design

  • 4,304 Sq Ft Home

Bedrooms and Bathrooms

  • 9 Bedrooms
  • 7 Bathrooms

Additional Features

  • Laundry Room
  • Urban Location

Listing and Financial Details

  • Tax Lot 1
  • Tax Tract Number 11933
  • Assessor Parcel Number 7274020005

Community Details

Overview

  • 2 Buildings
  • 7 Units

Amenities

  • Laundry Facilities

Building Details

  • 7 Leased Units
  • 7 Separate Electric Meters
  • 7 Separate Gas Meters
  • 7 Separate Water Meters
  • Operating Expense $40,694
  • Gross Income $116,190
  • Net Operating Income $69,709

Property Details

Home Type

Multi-Family

Year Built

Built in 1922

Lot Details

0

Parking

1

Listing Details

  • Property Attached: No
  • Subdivision Name Other: Downtown (DT)
  • Zoning: LBR4R
  • Property Type: Residential Income
  • Parcel Number: 7274020005
  • Year Built: 1922
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: No Common Walls
  • Price Per Square Foot: 354.32

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 1.00
  • Total Parking Spaces: 1.00

Utilities

  • Laundry: Yes
  • Laundry Features: Common Area
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Urban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 6-10 Units/Acre
  • Lot Size Sq Ft: 5020.00
  • Lot Size Acres: 0.1152

Multi Family

  • Gross Income: 116190.00
  • Gross Scheduled Income: 115740.00
  • Laundry Income: 450.00
  • Lot Size Area: 5020.0000 Square Feet
  • Net Operating Income: 69709.00
  • Number Of Separate Electric Meters: 7
  • Number Of Separate Gas Meters: 7
  • Number Of Separate Water Meters: 7
  • Number Of Units Leased: 7
  • Number Of Units Total: 7
  • Operating Expense: 40694.00
  • Rent Control: No
  • Total Actual Rent: 9645.00
  • Total Expenses: 40694.00
  • Vacancy Allowance Rate: 5.00

Tax Info

  • Tax Census Tract: 5763.02
  • Tax Lot: 1
  • Tax Tract Number: 11933

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Range of Values:

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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 Change Sq Ft Price
06/20/2019 06/20/19 Sold $1,525,000 +1.7% $354 / Sq Ft
04/09/2019 04/09/19 For Sale $1,500,000 +76.5% $349 / Sq Ft
04/17/2015 04/17/15 Sold $850,000 0.0% $197 / Sq Ft
02/12/2015 02/12/15 Pending -- -- --
02/05/2015 02/05/15 For Sale $850,000 -- $197 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • T

    Seller's Agent in 2019

    Travis Lebouf

    RE/MAX

    Section Image
  • Anthony Walker

    Seller Co-Listing Agent in 2019

    Anthony Walker

    Buckingham Investments, Inc

    (310) 982-7055

    6 in this area

    78 Total Sales

    Anthony Walker
    Section Image
  • Chris van Vuuren

    Buyer's Agent in 2019

    Chris van Vuuren

    Lyon Stahl Investment Real Estate, Inc.

    (714) 655-0098

    1 in this area

    21 Total Sales

    Chris van Vuuren
    Section Image
  • Steve Day

    Seller's Agent in 2015

    Steve Day

    Day & Associates

    (310) 529-6456

    21 Total Sales

    Steve Day
    Section Image
See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW19080645

California Regional Multiple Listing Service (CRMLS)

California Los Angeles County Long Beach 90813 Saint Mary's

720 E 8th St, Long Beach, CA

This home is located at 720 E 8th St, Long Beach, CA 90813 and is currently priced at $1,525,000, approximately $354 per square foot. This property was built in 1922. 720 E 8th St is a home located in Los Angeles County with nearby schools including Stevenson Elementary School, Franklin Middle School, and Long Beach Polytechnic High School.

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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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