345 W 8th Street, Long Beach, CA 90813

$775,000

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List Price
$775,000
Status
ACTIVE
MLS#
RS26237073
Year Built
1940
Lot Size
2,500
Acres
0.06
Lot Location
2-5 Units/Acre
Days on Market
2
Property Type
Multifamily
Style
Contemporary
Property Sub Type
Duplex
Stories
One Level
Neighborhood
Downtown (Dt)

Property Description

EXCEPTIONAL MULTI-UNIT INVESTMENT OPPORTUNITY IN A PRIME LONG BEACH LOCATION! Ideally situated where Metro Row meets Downtown Long Beach, this exceptional property offers an outstanding opportunity for investors or owner-occupants looking to generate rental income. Unit 345: Beautifully updated 1-bedroom, 1-bathroom unit featuring abundant natural light, a comfortable living room, kitchen, and indoor laundry area, bonus room in the basement, not included in the reported square footage, offers flexibility for a home office, media room, or additional storage. Unit 347: Updated 1-bedroom, 1-bathroom unit featuring a kitchen equipped with a stove and refrigerator, along with indoor laundry hookups. Additional 1-bedroom, 1-bathroom unit features a newly updated kitchen and bathroom, stove, refrigerator, and its own laundry area with washer and dryer. the Property also features beautifully converted basement area currently configured as an additional living space, offering a kitchen, 1 bedroom 1 bathroom and laundry area with washer and dryer. This space provides flexibility and potential for a variety of uses Additional features include a gated driveway, garage, and rear access. All 2 units offer comfortable living spaces and individual laundry amenities, making this property an attractive income-producing opportunity. Perfect for an owner-occupant looking to live in one unit while generating rental income from the other two, or for investors seeking to expand their real estate portfolio. Conveniently located near Downtown Long Beach, the beach, shopping, restaurants, schools, and major freeways. Whether you are an investor or a first-time multi-unit property buyer, this is an excellent opportunity to own an income-producing property in a desirable Long Beach location. Don’t miss out!

Additional Information

Appliances
Disposal, Gas Range, Gas Water Heater, Refrigerator, Range Hood, Vented Exhaust Fan, Dryer, Washer
Pool Description
None
View
None
Garage Spaces Total
1
Sewer
Public Sewer
Water
Public
Interior Features
Ceramic Counters, Granite Counters, All Bedrooms Down
Attached Structure
Detached
Number Of Units Total
2
Gross Scheduled Income
$59,000
Operating Expense
10630

Listing courtesy of Listing Agent: Nurimar Larco (nlarco4re@aol.com) from Listing Office: C-21 Astro.

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