3911 E 8th St, Long Beach, CA 90804
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3911 E 8th St Long Beach, CA 90804

$1,675,000 Sold Price as of 04/05/2019
  • 8 Beds
  • 7 Baths
  • 4,029 Sq.Ft.
Sold
$1,675,000 Sold Price as of 04/05/2019 Refinance Your Mortgage

Map preview of 3911 E 8th St, Long Beach, CA 90804

Property Overview: 3911 E 8th St Long Beach, CA has 8 bedrooms, 7 bathrooms, 4,029 living square feet and 7,045 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Great Investment Opportunity! Situated on a large 7,045 SF lot, the 4,029 SF property is comprised of (1) 2bd/1bth unit, and (6) 1bd/1bth units. Built in 1955, the property includes 3 single car garages, 4 surface parking spaces, and onsite laundry. The property is well maintained but original condition. Property will be delivered with two vacant units. Current rents are well below market.

Listed by Spencer Pabst | BRE #01849377 | Pabst, Kinney & Associates
Last checked: 6 minutes ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 11

Home details

Lot Sq. Ft
7,045
HOA Dues
$0/mo
Year built
1955
Garage
3 Car
Property Type:
Multi Family
Status
Sold
MLS#
PW19036339
City
Long Beach
County
Los Angeles
Time on Site
1398 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 7
  • Total # of Buildings: 1
  • # of Leased Units: 6
  • # of Electric Meters: 7
  • # of Gas Meters: 7
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,495
  • Total Rent: $1,495
  • Pro Forma/Market Rent: $1,495
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $920
  • Total Rent: $2,415
  • Pro Forma/Market Rent: $1,495
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $845
  • Total Rent: $3,260
  • Pro Forma/Market Rent: $1,495
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,050
  • Total Rent: $4,310
  • Pro Forma/Market Rent: $1,495
Unit Breakdown 5
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $945
  • Total Rent: $5,255
  • Pro Forma/Market Rent: $1,495
Unit Breakdown 6
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $995
  • Total Rent: $6,250
  • Pro Forma/Market Rent: $1,495
Unit Breakdown 7
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,550
  • Total Rent: $7,800
  • Pro Forma/Market Rent: $1,800
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 2.96%
  • Gross Rent Multiplier: 17.3
  • Gross Scheduled Income: $95,400
  • Net Operating Income: $95,400
  • Gross Operating Income: --
Annual Expense Breakdown
  • Total Operating Expense: $0
  • Electric: $0
  • Gas/Fuel: $0
  • New Taxes: $0
  • Trash: $0
  • Insurance: $0
  • Professional Management: $0
  • Water/Sewer: $0

Property Details for 3911 E 8th St

Interior Features
Laundry Information
  • Has Laundry
  • Individual Room
Interior Features
  • Levels: Two
Exterior Features
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 3
  • # of Parking Spaces: 7
Lot Information
  • Lot Features: Lot 6500-9999
  • Lot Size Source: Assessor
Property Information
  • Common Walls: 2+ Common Walls
  • Total # of Units: 7
  • Parcel Number: 7254016018
  • Year Built Source: Assessor
  • Property is Attached
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
Location / Neighborhood
Location Information
  • Subdivision Name: Eastside (ES)
  • Directions: Termino Ave. and 8th Street
Neighborhood Information
  • Community Features: Sidewalks
View more facts & features

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Sale History for 3911 E 8th St

Last sold for $1,675,000 on April 5th, 2019
  • April, 2019

  • Apr 6, 2019

    Date

    Sold

    CRMLS: PW19036339

    $1,675,000

    Price

  • Mar 31, 2019

    Date

    Pending

    CRMLS: PW19036339

    $1,650,000

    Price

  • Feb 27, 2019

    Date

    Active Under Contract

    CRMLS: PW19036339

    $1,650,000

    Price

  • Feb 16, 2019

    Date

    Active

    CRMLS: PW19036339

    $1,650,000

    Price

  • April, 2019

  • Apr 5, 2019

    Date

    Sold (Public Records)

    Public Records

    $1,675,000

    Price

  • February, 2019

  • Feb 19, 2019

    Date

    Sold (Public Records)

    Public Records

    --

    Price

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Tax History for 3911 E 8th St

Assessed Value (2020): $1,708,500
Year Land Value Improved Value Assessed Value
2020 $1,193,400 $515,100 $1,708,500

Home Value Compared to the Market

This property vs the competition

3911 E 8th St sold on April 5, 2019 for 106.25% higher than the current median sold price for the city of Long Beach which is $800,000. The median sold price per/sqft for Long Beach is $632 and this home is sold at $409.53 per/sqft which puts the price per square foot 35.2% lower than the current median sale per square foot for the city of Long Beach.

About 3911 E 8th St

Detailed summary of property

3911 E 8th St is a multi family that recently sold in Long Beach, CA 90804. This multi family property offered 8 bedrooms, 7 bathrooms, roughly 4,029 living square feet, and sits on an approximately 7,045 square foot lot. 3911 E 8th St was first listed on ArdentRealEstateGroup.com on July 21, 2020. The homeowner sold the property for $1,675,000. Home in Long Beach are selling for a median price of $800,000 and a median price per square foot of $632. Based on Ardent Real Estate Group's Long Beach Market Data, this home is sold 106.25% higher than the current median priced home. Local homes that are currently for sale include 217 Argonne Ave, 2221 Granada Ave and 102 La Verne Ave. While the average home in Long Beach, CA is selling in 51 days, 3911 E 8th St has a days on market of 11 days. There are currently 639 homes for sale in the Long Beach real estate market and 366 of them are single family homes while 259 of them are condos and 14 are townhomes. For more information on this home for sale at 3911 E 8th St Long Beach, CA 90804 contact Ardent Real Estate Group and we will put you in touch with one of our Long Beach agents.

Public Facts for 3911 E 8th St

Public county record property details
Beds
8
Baths
7
Year built
1955
Sq. Ft.
4,029
Lot Size
7,045
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
2
APN
7254-016-018

The source for these homes facts are from public records.

90804 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$515,000
Median List Price/Sq.Ft.
$594
Median Sold Price
$550,000
Median Sold Price/Sq.Ft.
$667
Total Inventory
53
Median Sale to List Price %
104.77%
Avg Days on Market
23
Loan Type
Conventional (57.14%), FHA (0%), VA (14.29%), Cash (28.57%), Other (0%)

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Based on information from California Regional Multiple Listing Service, Inc. as of 2019. 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.