High income totally updated 4 unit property in Downtown Long Beach with a 4 bed, 2.5 bath front house full of character plus three 1 bed, 1 bath units in the rear. All units recently updated, newer roof, replaced stairs, landscaping and exterior refresh completed. Very well priced on income at 11.3X GRM on actuals and a 5.7% cap rate with upside to 10.7X GRM and a 6.1% cap rate on market rents. 2 garages in rear structure plus driveway parking for 3 cars by the front house. Potential for ADU conversion in rear garages. Separately metered for gas and electric, allowing a low expense building. Great location right in Downtown Long Beach just North of the East Village Arts District. Blocks away from St. Mary's hospital, Museum of Latin American Art, rail lines, and $8 billion of new development. Only 8 blocks to the beach.
Listed by Anthony Walker
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License #01908153
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Buckingham Investments, Inc
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310-561-4776
Listed by Josh Ess
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License #02035659
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Buckingham Investments, Inc
Last updated November 06, 2025
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Source: CRMLS #SB25232103
Listing Facts
TypeMulti-family
NeighborhoodSaint Mary
Days on Prevu47
Amenities
Parking
Location
Mortgage Calculator
Listing History
11/07/2025
Status changed to Active
$1,095,000
10/28/2025
Status changed to In Contract
$1,095,000
10/26/2025
Status changed to Removed from Feed
$1,095,000
10/25/2025
Status changed to In Contract
$1,095,000
10/24/2025
Status changed to Removed from Feed
$1,095,000
10/24/2025
Status changed to In Contract
$1,095,000
10/23/2025
Status changed to Removed from Feed
$1,095,000
10/18/2025
Status changed to In Contract
$1,095,000
10/17/2025
Status changed to Removed from Feed
$1,095,000
10/15/2025
Status changed to In Contract
$1,095,000
10/03/2025
Listed by Buckingham Investments, Inc
$1,095,000
Property Details for 717 E 8th
Association
Amenities
Community Features: Suburban
Exterior
Construction
Number Of Units Total: 4
Property Attached: Yes
Roof: Composition
Stories: 2
Stories Total: 2
Year Built: 1910
Common Walls: 1 Common Wall
Entry Level: 1
Entry Location: 1
Measurements
Building Area Total: 3,432
Building Area Units: Square Feet
Lot Features: Rectangular Lot
Lot Size Acres: 0.11
Lot Size Area: 5,001
Lot Size Source: Assessor
Lot Size Square Feet: 5,001
Lot Size Units: Square Feet
Financial
Residential Income
Cap Rate: 5.7
Gross Income: $97,200.00
Operating Expense: $29,479.00
Taxes
Parcel Number: 7274021011
Other
Location
Subdivision Name: Downtown (DT)
Tax Block: 23
Tax Lot: 3
Parking
Parking
Garage Spaces: 2
Garage: Yes
Open Parking Spaces: 3
Parking Features: Garage Faces Rear
Parking Total: 5
Utilities
Equipment
Electric: Standard
Sewer: Public Sewer
Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
Water Source: Public
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 Prevu or the MLS. Information is provided exclusively for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumer may be interested in purchasing.
Rebate estimate is indicative only and based on listing price and estimated buyer's agent commission paid by owner, if applicable. Final rebates are subject to Terms of Use and may vary due to final negotiated transaction terms.