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720 E 8th St, Long Beach, CA 90813
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720 E 8th St Long Beach, CA 90813

$1,525,000 Sold Price as of 06/20/2019
  • 9 Beds
  • 7 Baths
  • 4,304 Sq.Ft.
Sold
$1,525,000 Sold Price as of 06/20/2019 Refinance Your Mortgage
Map preview of 720 E 8th St, Long Beach, CA 90813

Property Overview: 720 E 8th St Long Beach, CA has 9 bedrooms, 7 bathrooms, 4,304 living square feet and 5,020 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Recently renovated 7 unit multi-family apartment with rental upside. Just blocks to the Downtown Long Beach developments. The property consists of one three-bed/one-bath unit & six one-bed/one-bath units along with on-site laundry & a one-car garage. Property is separately metered for gas, water and electric.

Listed by Travis Lebouf | BRE #01938822 | Re/Max Platinum Properties
Co-listed by Anthony Walker | BRE #01908153 | Buckingham Investments, Inc
Last checked: 9 minutes ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 30

Home details

Lot Sq. Ft
5,020
HOA Dues
$0/mo
Year built
1922
Garage
1 Car
Property Type:
Multi Family
Status
Sold
MLS#
PW19080645
City
Long Beach
County
Los Angeles
Time on Site
1521 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 7
  • Total # of Buildings: 2
  • # of Leased Units: 7
  • # of Electric Meters: 7
  • # of Gas Meters: 7
  • # of Water Meters: 7
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,945
  • Total Rent: $1,945
  • Pro Forma/Market Rent: $1,945
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,295
  • Total Rent: $1,295
  • Pro Forma/Market Rent: $1,350
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,285
  • Total Rent: $1,285
  • Pro Forma/Market Rent: $1,350
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,265
  • Total Rent: $1,265
  • Pro Forma/Market Rent: $1,350
Unit Breakdown 5
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,340
  • Total Rent: $1,340
  • Pro Forma/Market Rent: $1,350
Unit Breakdown 6
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,265
  • Total Rent: $1,265
  • Pro Forma/Market Rent: $1,350
Unit Breakdown 7
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,250
  • Total Rent: $1,250
  • Pro Forma/Market Rent: $1,350
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $115,740
  • Net Operating Income: $69,709
  • Gross Operating Income: --
  • Laundry Income: $450
Annual Expense Breakdown
  • Total Operating Expense: $40,694
  • Electric: $0
  • Gas/Fuel: $0
  • Licenses: $0
  • New Taxes: $0
  • Trash: $0
  • Insurance: $0
  • Workman's Comp: $0
  • Professional Management: $0
  • Water/Sewer: $0

Property Details for 720 E 8th St

Interior Features
Laundry Information
  • Has Laundry
  • Common Area
Exterior Features
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 1
  • # of Parking Spaces: 1
Lot Information
  • Lot Features: 6-10 Units/Acre
  • Lot Size Source: Assessor
Property Information
  • Common Walls: No Common Walls
  • Total # of Units: 7
  • Parcel Number: 7274020005
  • Year Built Source: Assessor
  • Property is not Attached
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
Location / Neighborhood
Location Information
  • Subdivision Name: Downtown (DT)
  • Directions: North of 7th West of Alamitos
Neighborhood Information
  • Community Features: Urban
View more facts & features

Local Long Beach Agent

Sale History for 720 E 8th St

Last sold for $1,525,000 on June 20th, 2019

  • June, 2019

  • Jun 21, 2019

    Date

    Sold

    CRMLS: PW19080645

    $1,525,000

    Price

  • May 17, 2019

    Date

    Active Under Contract

    CRMLS: PW19080645

    $1,500,000

    Price

  • Apr 10, 2019

    Date

    Active

    CRMLS: PW19080645

    $1,500,000

    Price

  • June, 2019

  • Jun 20, 2019

    Date

    Sold (Public Records)

    Public Records

    $1,525,000

    Price

  • April, 2015

  • Apr 17, 2015

    Date

    Sold (Public Records)

    Public Records

    $850,000

    Price

Show More

Tax History for 720 E 8th St

Assessed Value (2020): $1,556,280
Year Land Value Improved Value Assessed Value
2020 $1,009,800 $546,480 $1,556,280

Home Value Compared to the Market

This property vs the competition

720 E 8th St sold on June 20, 2019 for 83.15% higher than the current median sold price for the city of Long Beach which is $819,000. The median sold price per/sqft for Long Beach is $628 and this home is sold at $348.51 per/sqft which puts the price per square foot 44.5% lower than the current median sale per square foot for the city of Long Beach.

About 720 E 8th St

Detailed summary of property

720 E 8th St is a multi family that recently sold in Long Beach, CA 90813. This multi family property offered 9 bedrooms, 7 bathrooms, roughly 4,304 living square feet, and sits on an approximately 5,020 square foot lot. 720 E 8th St was first listed on ArdentRealEstateGroup.com on July 21, 2020. The homeowner sold the property for $1,525,000. Home in Long Beach are selling for a median price of $819,000 and a median price per square foot of $628. Based on Ardent Real Estate Group's Long Beach Market Data, this home is sold 83.15% higher than the current median priced home. Local homes that are currently for sale include 1409 Magnolia Ave, 1600 Magnolia Ave and 2011 Cedar Ave. While the average home in Long Beach, CA is selling in 62 days, 720 E 8th St has a days on market of 30 days. There are currently 778 homes for sale in the Long Beach real estate market and 416 of them are single family homes while 337 of them are condos and 23 are townhomes. For more information on this home for sale at 720 E 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 720 E 8th St

Public county record property details
Beds
9
Baths
7
Year built
1922
Sq. Ft.
4,304
Lot Size
5,019
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
1
APN
7274-020-005

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
$560,000
Median List Price/Sq.Ft.
$553
Median Sold Price
$495,000
Median Sold Price/Sq.Ft.
$587
Total Inventory
35
Median Sale to List Price %
99.02%
Avg Days on Market
24
Loan Type
Conventional (100%), FHA (0%), VA (0%), Cash (0%), 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.

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