310 E 8th ST Long Beach, CA 90813

Just Blocks to the Ocean this spacious 4-plex has two 2-bedroom/1-bath units plus two extra large 1-bedroom/1-baths units. Each 1-bedroom unit has a bonus dining room/office and front porch. The units feature vintage built-in cabinets, high ceilings, and hardwood floors. Below market rents allow for a very achievable market cap over 6.78%. This turn key asset has renovated units, newer copper plumbing, sewer line, and water heater.

The 8th Street Apartments are situated just blocks from the $3.5 billion in planned developments coming to the nearby area including the $520 million Civic Center project, $250 million Queen Mary Island waterfront development, and $53 million Long Beach Aquarium expansion

With a large parking lot across the street and a 94 Walk-score located in the heart of downtown with easy access to public transportation, restaurants, the ocean and shopping, many tenants choose to go car free.

One of the larger 4-unit properties on the market, this turn-key 4.76% cap rate asset is the perfect investment for an exchange buyer or owner/user looking to own a piece of one of Southern California’s last affordable beach communities. Do not miss this property as this is one of the last opportunities to buy downtown long beach at an affordable price.