Est. cap rate

3.1%

Assumed rent, all units

$4,020/mo

Units

2

Price per unit

$387,500

Est. annual NOI

$24,120

Expense assumption

50%

Estimates only, based on HUD Fair Market Rents (a conservative 40th percentile floor) and a standard 50% operating expense assumption. Not a guarantee of income or value. Ask Alex for a pro forma using comparable rent data.

Run your own numbers

Adjust the assumptions to see cash flow and cash on cash return.

Illustration only, using a 30 year loan and your assumptions above. Not a loan offer, financial advice, or a guarantee. Confirm financing and actual rents independently.

Property details

Type

Duplex

Bedrooms

2

Building size

1,462 sqft

Lot size

2,500 sqft

Year built

1940

Stories

1

Garage spaces

1

Style

Contemporary

Pool

None

View

None

Status

Active

Days on market

0

MLS #

249288690

About this property

EXCEPTIONAL MULTI-UNIT INVESTMENT OPPORTUNITY IN A PRIME LONG BEACH LOCATION! Ideally situated where Metro Row meets Downtown Long Beach, this exceptional property offers an outstanding opportunity for investors or owner-occupants looking to generate rental income. Unit 345: Beautifully updated 1-bedroom, 1-bathroom unit featuring abundant natural light, a comfortable living room, kitchen, and indoor laundry area, bonus room in the basement, not included in the reported square footage, offers flexibility for a home office, media room, or additional storage. Unit 347: Updated 1-bedroom, 1-bathroom unit featuring a kitchen equipped with a stove and refrigerator, along with indoor laundry hookups. Additional 1-bedroom, 1-bathroom unit features a newly updated kitchen and bathroom, stove, refrigerator, and its own laundry area with washer and dryer. the Property also features beautifully converted basement area currently configured as an additional living space, offering a kitchen, 1 bedroom 1 bathroom and laundry area with washer and dryer. This space provides flexibility and potential for a variety of uses Additional features include a gated driveway, garage, and rear access. All 2 units offer comfortable living spaces and individual laundry amenities, making this property an attractive income-producing opportunity. Perfect for an owner-occupant looking to live in one unit while generating rental income from the other two, or for investors seeking to expand their real estate portfolio. Conveniently located near Downtown Long Beach, the beach, shopping, restaurants, schools, and major freeways. Whether you are an investor or a first-time multi-unit property buyer, this is an excellent opportunity to own an income-producing property in a desirable Long Beach location. Don’t miss out!

Location

345 W 8th Street

Long Beach, Los Angeles, CA, 90813