328 W 8th St , Long Beach, CA 90813
$1,375,000
Est. Payment: $7,460.71/mo
0 Bed
1 Bath
0 Sqft
Status: ACTIVE | Days on site: 1
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CR-H05626 - CR-OCLEESTYL
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House 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 program and recover a portion of these expenses. Market underwriting assumes utility reimbursements of $50 per unit per month, creating an additional source of income while helping offset ownerships utility costs. Located along a quiet, tree-lined residential street just blocks from Downtown Long Beach

Highlights

Listed by Tyler Leeson , 949-419-3326 Marcus & Millichap RE Invest , 949-419-3200. San Diego County Multiple Listing Service mls logo

Property Type

Multi-Family

Lot/Acreage
0.06

County

Los Angeles

Listing ID

OC26209184

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Interior Features

Bedrooms and Bathrooms
  • ▪ Bedrooms:0
  • ▪ Bathrooms:1
  • ▪ Full Bathrooms:

Exterior Features

Zoning:Assessor
Principal Interest
$7,461
Taxes
$877

Home Price

$1,375,000

Loan Details

30 yrs
7.192%

Down Payment

20%
$275,000
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$7,460.71

Principal

Taxes

Principal Taxes HOA Total
Monthly $7,460.71 $876.56 $0.00 $8,337.28
Yearly $89,528.57 $10,518.75 $0.00 $100,047.32
Total $2,685,857.06 $315,562.50 $0.00 $3,001,419.56

Today's Rates

30 Year

7.19%

20 Year

6.73%

15 Year

6.48%

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Market insight data is pulled from the same city as the listing being viewed (Long Beach, CA).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.

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Data last updated: 2026-09-25T18:05:38.000Z

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