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Listed by Tyler Leeson, DRE #01451551 • Marcus & Millichap RE Invest
$ 1,375,000
Est. payment /mo
New
328 W 8th ST Long Beach, CA 90813
UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID CROC26209184
Year Built 1923
Source California Regional MLS
Property Description
328 West 8th Street is an 8-unit multifamily investment property located in Long Beach, California. 328 West 8th Street features an efficient unit mix consisting exclusively of studio apartments, with all 8 units having undergone extensive interior renovations. While finishes vary slightly by unit, the interiors generally feature vinyl plank flooring, shaker-style cabinetry, quartz countertops, subway tile backsplashes, stainless-steel appliances, range hoods, modern ceiling fans and updated paint. Bathrooms have also been modernized with tile flooring, updated showers and contemporary vanities. Seven of the eight units are equipped with in-unit washers and dryers. Ownership has invested more than $400,000 in capital improvements throughout the property, including substantial upgrades to both the interiors and exterior, resulting in a heavily modernized asset with significantly reduced near-term renovation requirements for a new owner. The property has been professionally managed and maintained, with electrical subpanels updated in 2024. The main electrical service is reported to be 200 amps, subject to buyer verification. From an operating standpoint, utilities are master-metered and currently paid by ownership, providing an opportunity for a future owner to implement a RUBS pro
Location
State CA
County Los Angeles
Area 4 - Downtown Area, Alamitos Beach
Exterior
Pool None
Building
Lot Description Grade - Level
Water District - Public
Others
Tax ID 7272019004
Special Listing Condition Not Applicable
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