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3723 8th Street
Long Beach, CA 90804
Sold
3723 East 8th Street is an 8-unit multifamily investment property located in Long Beach, CA. 3723 East 8th Street offers an attractive mix of one and two-bedroom floor plans as well as 4 garage parking spaces, providing additional income potential. Long Beach’s strong rental metrics, including a 2021 vacancy rate of just 1.8 percent and year-over-year rent growth of 12.1 percent, are evidence of the substantial demand for rental units in the area. With current rents below market rates, 3723 East 8th Street represents an attractive value-add opportunity for a new owner. 3723 East 8th Street is situated in the desirable Eastside neighborhood of Long Beach where residents enjoy convenient access to everyday needs as well as a plethora of retail, dining, and entertainment options at the Los Alamitos Traffic Circle, located within 1 mile of the property. 3723 East 8th Street is in close proximity to all levels of schooling including Willard Elementary, Jefferson Middle, and Woodrow Wilson High. Additionally, the property benefits from its location within 0.90 miles of Pacific Coast Highway and 1.50 miles from State Route 22, connecting residents to employment hubs throughout Los Angeles and Orange Counties.
PROPERTY INFORMATION
| MLS # | OC23013563 | Lot Size | 6,098 Sq. Ft. |
| HOA Fees | $0/Monthly | Property Type | Apartment |
| Price | $ 2,200,000
Price Per SqFt: $ 321 |
DOM | 834 Days |
| Address | 3723 8th Street | Type | Residential Income |
| City | Long Beach | Sq.Ft. | 6,852 Sq. Ft. |
| Postal Code | 90804 | Garage | 4 |
| County | Los Angeles | Year Built | 1964 |
| Bed / Bath | 3 / 0 | Parking | 4 |
| Built In | 1964 | Status | Closed |
| Sold Date | 2023-06-07 |
INTERIOR FEATURES
| Has Laundry | Yes |
| Laundry Information | Community |
EXTERIOR FEATURES
| Has Pool | No |
| Pool | None |
WALKSCORE
MAP
MORTGAGE CALCULATOR
- Principal & Interest:
- Property Tax: $2,347
- Home Insurance:$119
- HOA Fees:$0
- Mortgage Insurance:
PRICE HISTORY
| Date | Event | Price |
| 06/07/2023 | Sold | $2,200,000 |
| 05/01/2023 | Pending | $2,200,000 |
| 03/24/2023 | Active Under Contract | $2,200,000 |
| 03/09/2023 | Relisted | $2,200,000 |
| 03/01/2023 | Active Under Contract | $2,200,000 |
| 01/25/2023 | Listed | $2,200,000 |
Topfind Realty
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(844)-333-8033
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Listing provided courtesy of Tyler Leeson, Marcus & Millichap RE Invest. Based on information from California Regional Multiple Listing Service, Inc. as of #Date#. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
