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328 W 8th St 8 Unit Apartment Building $2,017,820 CAD ($252,228 CAD/Unit) 6% Cap Rate Long Beach, CA 90813
INVESTMENT HIGHLIGHTS
- PRICED TO SELL AT 9.76 GRM.
- EMAIL LISTING AGENT FOR MORE INFO INCLUDING A RENT ROLL AND OM.
- All units feature W/D inside.
- No local rent control.
- All units heavily updated - new kitchens, baths and flooring.
- Updated Electrical.
EXECUTIVE SUMMARY
PRICED TO SELL AT 9.76 GRM.
8 units (all studios) in Long Beach subject to AB 1482 rent control - maximum annual increase of 5% + CPI (currently 8.0%). There is NO local rent control in Long Beach. Located on a beautiful, quiet, tree lined street just blocks from Downtown Long Beach. All units have been updated including new kitchens, baths and paint. Electrical subpanels were updated in 2024. The main panel is 200 AMPS (Buyer to verify). The property is professionally managed and well maintained.
All units have W/Ds in them. There is no onsite parking, but there is a lot of street parking.
Qualified Buyers can put down as little as 30%. Contact Loan Broker to find out more - David Guevara - (714) 474-1284.
EMAIL LISTING AGENT FOR MORE INFO INCLUDING A RENT ROLL AND OM.
8 units (all studios) in Long Beach subject to AB 1482 rent control - maximum annual increase of 5% + CPI (currently 8.0%). There is NO local rent control in Long Beach. Located on a beautiful, quiet, tree lined street just blocks from Downtown Long Beach. All units have been updated including new kitchens, baths and paint. Electrical subpanels were updated in 2024. The main panel is 200 AMPS (Buyer to verify). The property is professionally managed and well maintained.
All units have W/Ds in them. There is no onsite parking, but there is a lot of street parking.
Qualified Buyers can put down as little as 30%. Contact Loan Broker to find out more - David Guevara - (714) 474-1284.
EMAIL LISTING AGENT FOR MORE INFO INCLUDING A RENT ROLL AND OM.
FINANCIAL SUMMARY (ACTUAL - 2025) |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Gross Rental Income |
$205,565
|
$55.35
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$205,565
|
$55.35
|
| Net Operating Income |
-
|
-
|
FINANCIAL SUMMARY (ACTUAL - 2025)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $205,565 |
| Annual Per SF | $55.35 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $205,565 |
| Annual Per SF | $55.35 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
PROPERTY FACTS
| Price | $2,017,820 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $252,228 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.06 AC |
| Cap Rate | 6% | Building Size | 3,714 SF |
| Gross Rent Multiplier | 9.76 | Average Occupancy | 100% |
| No. Units | 8 | No. Stories | 2 |
| Property Type | Multifamily | Year Built/Renovated | 1923/2019 |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Zoning | LBPD10 | ||
| Price | $2,017,820 CAD |
| Price Per Unit | $252,228 CAD |
| Sale Type | Investment |
| Cap Rate | 6% |
| Gross Rent Multiplier | 9.76 |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.06 AC |
| Building Size | 3,714 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built/Renovated | 1923/2019 |
| Opportunity Zone |
Yes |
| Zoning | LBPD10 |
AMENITIES
UNIT AMENITIES
- Washer/Dryer
- Heating
- Kitchen
- Refrigerator
- Range
- Tub/Shower
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 8 | $2,080 CAD | 465 |
Walk Score®
Walker's Paradise (91)
Transit Score®
Excellent Transit (72)
Bike Score®
Very Bikeable (89)
PROPERTY TAXES
| Parcel Number | 7272-019-004 | Improvements Assessment | $818,345 CAD |
| Land Assessment | $1,525,731 CAD | Total Assessment | $2,344,076 CAD |
PROPERTY TAXES
Parcel Number
7272-019-004
Land Assessment
$1,525,731 CAD
Improvements Assessment
$818,345 CAD
Total Assessment
$2,344,076 CAD
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328 W 8th St
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