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417 W 8th St, Long Beach, CA 90813
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417 W 8th St Long Beach, CA 90813

$900,000 Sold Price as of 10/23/2020
  • 5 Beds
  • 3 Baths
  • 3,180 Sq.Ft.
Sold
$900,000 Sold Price as of 10/23/2020 Refinance Your Mortgage
Map preview of 417 W 8th St, Long Beach, CA 90813

Property Overview: 417 W 8th St Long Beach, CA has 5 bedrooms, 3 bathrooms, 3,180 living square feet and 5,623 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Welcome to 417 W 8th Street. Triplex in a desirable location north of Downtown Long Beach. The large front house includes a 3 bed / 1 bath unit, etc. The duplex in the rear are both 1 bed / 1 bath. Additional property features include a driveway for parking up to 4 cars comfortably and 2 private back yards for the 2 lower units. Additional income is produced from onsite coin laundry and 2 garages for small cars or storage. Clean property with several upgrades including 2 remodeled units. Long term tenants provide stable income. Please do not disturb tenants.

Listed by Brenda Lum | BRE #01718764 | JohnHart Real Estate
Last checked: 15 minutes ago | Last updated: March 23rd, 2023 | Source CRMLS | DOM: 88

Home details

Lot Sq. Ft
5,623
HOA Dues
$0/mo
Year built
1923
Garage
--
Property Type:
Triplex
Status
Sold
MLS#
RS20112220
City
Long Beach
County
Los Angeles
Time on Site
1391 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 3
  • Total # of Buildings: 3
  • # of Electric Meters: 3
  • # of Gas Meters: 3
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Total Rent: $0
Unit Breakdown 2
  • # of Units: 2
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Total Rent: $0
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $79,320
  • Net Operating Income: $57,805
  • Gross Operating Income: --
  • # of Rented Garages: 2
  • Garage Rental Rate: $105
  • Laundry Own/Lease: Own
Annual Expense Breakdown
  • Total Operating Expense: $19,929
  • Electric: $1,761
  • Gas/Fuel: $1,000
  • New Taxes: $10,800
  • Trash: $1,041
  • Gardener: $600
  • Insurance: $2,127
  • Maintenance: $1,100
  • Professional Management: $0
  • Water/Sewer: $1,500

Property Details for 417 W 8th St

Interior Features
Laundry Information
  • Has Laundry
  • Community
Interior Features
  • Levels: One
Exterior Features
Exterior Information
  • No Spa
  • Spa Features: None
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • Has Parking
  • Parking Features: Driveway
Lot Information
  • Lot Features: Back Yard, Front Yard
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Common Walls: 2+ Common Walls
  • Total # of Units: 3
  • Parcel Number: 7272015026
  • Year Built Source: Assessor
  • Property is Attached
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Utilities Information
  • Sewer: Unknown
  • Water Source: Public
Assessment Information
  • Has Assessments
  • Assessments: Unknown
Location / Neighborhood
Location Information
  • Subdivision Name: Willmore District (WM)
  • Directions: Between N Virginia Ct and Chestnut Ave
Neighborhood Information
  • Community Features: Curbs, Sidewalks
View more facts & features

Local Long Beach Agent

Sale History for 417 W 8th St

Last leased for $2,200 on March 11th, 2023

  • March, 2023

  • Mar 11, 2023

    Date

    Leased

    CRMLS: DW23011151

    $2,200

    Price

  • Jan 20, 2023

    Date

    Active

    CRMLS: DW23011151

    $2,199

    Price

  • Listing provided courtesy of CRMLS

    Welcome to Wilmore/Downtown Long Beach area. This 2 Bedroom 1 Bathroom is ready for a new occupant. Features included refrigerator, stove, wall heater, newer vinyl flooring, paint, bathroom fixtures and kitchen cabinets with countertops.

  • October, 2020

  • Oct 23, 2020

    Date

    Sold

    CRMLS: RS20112220

    $900,000

    Price

  • Sep 11, 2020

    Date

    Active Under Contract

    CRMLS: RS20112220

    $916,000

    Price

  • Jun 16, 2020

    Date

    Active

    CRMLS: RS20112220

    $916,000

    Price

  • October, 2020

  • Oct 23, 2020

    Date

    Sold (Public Records)

    Public Records

    $900,000

    Price

  • October, 2019

  • Oct 31, 2019

    Date

    Canceled

    CRMLS: SB19192314

    $925,000

    Price

  • Oct 31, 2019

    Date

    Active

    CRMLS: SB19192314

    $925,000

    Price

  • Oct 17, 2019

    Date

    Hold

    CRMLS: SB19192314

    $925,000

    Price

  • Oct 17, 2019

    Date

    Withdrawn

    CRMLS: SB19192314

    $925,000

    Price

  • Aug 12, 2019

    Date

    Active

    CRMLS: SB19192314

    $925,000

    Price

  • Listing provided courtesy of CRMLS

    Triplex + 2 non conforming units for a TOTAL OF 5 UNITS! Great opportunity to invest in the Willmore historic district which is located just north of Downtown Long Beach. This property features a large front house (house is permitted as one unit but was split into 3 units) and a duplex in the rear. The house consists of a 1bed/1bath unit in the attic with a 3bed/1bath unit, studio unit, and community laundry room on the first floor. Units in the house rent for $2100-3bd/1ba, 1bd/1ba- $913, and studio- $777. Market rents for these units are $2100, 1300, and 1150 respectively. Excellent location, blocks from the Downtown core and easy access to freeways and public transit. (2) 1-car garages and a 4-car driveway which produce additional rental income. Onsite laundry room with coin operate machines. Two of the units have been completely renovated and the exterior of the property got a full refresh in 2015. The property is priced at 12 x gross based on current rents and at market rents the property would operate at a GRM of 10.21! " Do not disturb tenants.

  • May, 2018

  • May 17, 2018

    Date

    Leased

    CRMLS: RS18076977

    $2,100

    Price

  • Apr 17, 2018

    Date

    Price Change

    CRMLS: RS18076977

    $2,245

    Price

  • Apr 6, 2018

    Date

    Active

    CRMLS: RS18076977

    $2,495

    Price

  • Listing provided courtesy of CRMLS

    Welcome to West 8th. Newly remodeled and upgraded, large 3 bedroom, and 1 bath with double vanities. All new, freshly painted, new laminate flooring throughout, custom modern kitchen with granite countertop, doors and molding, bathroom with double vanities, tile, ceiling fans, built-in cabinets, window blinds, and more. Bedrooms are large with lots of closet space. Lease also includes some utilities, new refrigerator and stove. Property also offers on-site laundry facilities, small backyard, and parking for 1 car in driveway shared with other tenants. This is a non-smoking, no pet property.

  • October, 2014

  • Oct 2, 2014

    Date

    Sold (Public Records)

    Public Records

    $489,000

    Price

  • September, 2014

  • Sep 9, 2014

    Date

    Price Change

    CRMLS: PV14153579

    $494,000

    Price

  • Aug 22, 2014

    Date

    Price Change

    CRMLS: PV14153579

    $509,000

    Price

  • Jul 31, 2014

    Date

    Price Change

    CRMLS: PV14153579

    $519,000

    Price

  • Jul 20, 2014

    Date

    Price Change

    CRMLS: PV14153579

    $529,000

    Price

  • Listing provided courtesy of CRMLS

    Well located in downtown Long Beach. VALUE ADD opportunity in an emerging market with below rents and month to month tenants. This Non-conforming craftsman style 3-plex offers a great opportunity to add vale with sweat equity and cosmetic upgrading. Seller will reply to all offers.

Show More

Tax History for 417 W 8th St

Assessed Value (2020): $537,376
Year Land Value Improved Value Assessed Value
2020 $373,637 $163,739 $537,376

Home Value Compared to the Market

This property vs the competition

417 W 8th St sold on October 23, 2020 for 14.5% 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 $288.05 per/sqft which puts the price per square foot 54.42% lower than the current median sale per square foot for the city of Long Beach.

About 417 W 8th St

Detailed summary of property

417 W 8th St is a triplex that recently sold in Long Beach, CA 90813. This triplex offered 5 bedrooms, 3 bathrooms, roughly 3,180 living square feet, and sits on an approximately 5,623 square foot lot. 417 W 8th St was first listed on ArdentRealEstateGroup.com on July 21, 2020. The homeowner sold the property for $900,000. 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 14.5% higher than the current median priced home. Local homes that are currently for sale include 1890 E 20th St, 2774 Delta Ave and 2010 W Spring St. While the average home in Long Beach, CA is selling in 51 days, 417 W 8th St has a days on market of 88 days. There are currently 639 homes for sale in the Long Beach real estate market and 354 of them are single family homes while 271 of them are condos and 14 are townhomes. For more information on this home for sale at 417 W 8th St Long Beach, CA 90813 contact Ardent Real Estate Group and we will put you in touch with one of our Long Beach agents.

Public Facts for 417 W 8th St

Public county record property details
Beds
5
Baths
3
Year built
1923
Sq. Ft.
3,180
Lot Size
5,623
Stories
--
Type
Triplex (3 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
4
APN
7272-015-026

The source for these homes facts are from public records.

90813 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$549,999
Median List Price/Sq.Ft.
$542
Median Sold Price
$584,000
Median Sold Price/Sq.Ft.
$592
Total Inventory
32
Median Sale to List Price %
108.35%
Avg Days on Market
23
Loan Type
Conventional (80%), FHA (10%), VA (10%), Cash (0%), Other (0%)

Thinking of Selling?

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(714) 706-1823

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Recently Sold Homes Near 417 W 8th St

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$1,000,000 Last Sold Price
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$680,000 Last Sold Price
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5 Beds
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345 W 8th St, Long Beach, CA 90813
$750,000 Last Sold Price
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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.

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