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

$1,278,000 Sold Price as of 11/05/2020
  • 6 Beds
  • 4 Baths
  • 3,512 Sq.Ft.
Sold
$1,278,000 Sold Price as of 11/05/2020 Refinance Your Mortgage
Map preview of 725 E 8th St, Long Beach, CA 90813

Property Overview: 725 E 8th St Long Beach, CA has 6 bedrooms, 4 bathrooms, 3,512 living square feet and 5,002 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Beautiful "Spanish style" impeccably maintained Asset! With incredible design and architecture, this 1932 classic is a true ‘Pride Of Ownership’ building! Along with incredible curb appeal, every individual unit has impressive high ceilings, beautiful built-ins, original hardwood flooring, handcrafted stained glass windows, lovely grounds, onsite laundry and onsite garages/parking! Comprised of four large units - 2 two bedroom x 1 bathroom units & 2 one bedroom x 1 bathroom units. All units are large and have a nice open feel. Located in Downtown Long Beach just North of East village/Arts district, only short distance to everything that’s great about living in an urban environment… Minutes away from the Beach, The Pike, Restaurants, Shopping, Parks, Schools, Belmont Shores “2nd street” and much much more!!

Listed by Cameron Jacques | BRE #01852032 | Kinnery's Brokerage House
Last checked: 14 minutes ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 48

Home details

Lot Sq. Ft
5,002
HOA Dues
$0/mo
Year built
1932
Garage
3 Car
Property Type:
Fourplex
Status
Sold
MLS#
PW20173360
City
Long Beach
County
Los Angeles
Time on Site
1486 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 4
  • Total # of Buildings: 1
  • # of Leased Units: 1
  • # of Electric Meters: 5
  • # of Gas Meters: 5
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Total Rent: $0
  • Pro Forma/Market Rent: $2,200
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Total Rent: $0
  • Pro Forma/Market Rent: $2,200
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Total Rent: $0
  • Pro Forma/Market Rent: $1,900
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $700
  • Total Rent: $8,400
  • Pro Forma/Market Rent: $1,900
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 4.39%
  • Gross Rent Multiplier: 15.17
  • Gross Scheduled Income: $88,940
  • Net Operating Income: $59,368
  • Gross Operating Income: $87,161
  • Vacancy Allowance: $1,779
  • # of Rented Garages: 0
  • Garage Rental Rate: $0
  • Garage Rental Income: $0
  • Laundry Income: $0
Annual Expense Breakdown
  • Total Operating Expense: $29,572
  • Electric: $0
  • Gas/Fuel: $0
  • New Taxes: $0
  • Trash: $0
  • Insurance: $0
  • Water/Sewer: $0

Property Details for 725 E 8th St

Interior Features
Cooling Information
  • No Cooling
  • None
Heating Information
  • Has Heating
  • Wall Furnace
Laundry Information
  • Has Laundry
  • Common Area
Fireplace Information
  • Has Fireplace
  • Living Room
Room Information
  • Flooring: Tile, Wood
  • Basement, Kitchen, Laundry, Living Room
Interior Features
  • Balcony, Copper Plumbing Full, High Ceilings
  • Levels: Two
  • Security Features: Carbon Monoxide Detector(s), Smoke Detector(s)
Exterior Features
Exterior Information
  • Roof: Composition, Spanish Tile
  • Has Fence
  • Stucco Wall
  • Other Structures: Storage, Workshop
  • No Spa
  • Spa Features: None
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 3
  • # of Parking Spaces: 3
  • Has Parking
  • Parking Features: Garage
Lot Information
  • Lot Features: Level with Street, Rectangular Lot, Level
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Has View
  • View: Neighborhood
  • Common Walls: 1 Common Wall
  • Total # of Units: 4
  • Parcel Number: 7274021013
  • Year Built Source: Public Records
  • Architectural Style: Spanish
  • Entry Level: 1
  • Foundation Details: Raised
  • Property is Attached
  • Property Condition: Turnkey
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
  • Utilities: Cable Connected, Electricity Connected, Natural Gas Connected, Phone Available, Sewer Connected, Water Connected
Assessment Information
  • No Assessments
  • Assessments: None
Location / Neighborhood
Location Information
  • Subdivision Name: Downtown (DT)
  • Directions: 8th Street & Olive Avenue
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
Neighborhood Information
  • Community Features: Biking, Curbs, Dog Park, Gutters, Sidewalks, Storm Drains, Street Lights, Urban
View more facts & features

Local Long Beach Agent

Sale History for 725 E 8th St

Last sold for $1,278,000 on November 5th, 2020

  • November, 2020

  • Nov 5, 2020

    Date

    Sold

    CRMLS: PW20173360

    $1,278,000

    Price

  • Oct 25, 2020

    Date

    Pending

    CRMLS: PW20173360

    $1,350,000

    Price

  • Oct 12, 2020

    Date

    Active Under Contract

    CRMLS: PW20173360

    $1,350,000

    Price

  • Sep 30, 2020

    Date

    Price Change

    CRMLS: PW20173360

    $1,350,000

    Price

  • Aug 25, 2020

    Date

    Active

    CRMLS: PW20173360

    $1,400,000

    Price

  • November, 2020

  • Nov 5, 2020

    Date

    Sold (Public Records)

    Public Records

    $1,278,000

    Price

  • November, 2020

  • Nov 5, 2020

    Date

    Sold (Public Records)

    Public Records

    --

    Price

Show More

Tax History for 725 E 8th St

Assessed Value (2020): $134,572
Year Land Value Improved Value Assessed Value
2020 $53,202 $81,370 $134,572

Home Value Compared to the Market

This property vs the competition

725 E 8th St sold on November 5, 2020 for 64.84% 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 $384.4 per/sqft which puts the price per square foot 38.79% lower than the current median sale per square foot for the city of Long Beach.

About 725 E 8th St

Detailed summary of property

725 E 8th St is a fourplex that recently sold in Long Beach, CA 90813. This fourplex offered 6 bedrooms, 4 bathrooms, roughly 3,512 living square feet, and sits on an approximately 5,002 square foot lot. 725 E 8th St was first listed on ArdentRealEstateGroup.com on August 25, 2020. The homeowner sold the property for $1,278,000. 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 64.84% higher than the current median priced home. Local homes that are currently for sale include 1961 Pine Ave, 2311 E 6th St and 1509 N Stanton Pl. While the average home in Long Beach, CA is selling in 62 days, 725 E 8th St has a days on market of 48 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 725 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 725 E 8th St

Public county record property details
Beds
6
Baths
4
Year built
1932
Sq. Ft.
3,512
Lot Size
5,001
Stories
--
Type
Quadruplex (4 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
4
APN
7274-021-013

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%)

Thinking of Selling?

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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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