3815 E 8th Street, Long Beach, CA 90804

About this duplex

3815 East 8th Street is a single-story 1924 construction with two two-bedroom/one-bath units that are separately metered for gas and electricity. The property also offers two single-car garages and a shared washer/dryer. Recent improvements include new electrical, some new plumbing, new paint, updated flooring, and the remodel of one unit.' The property boasts a great location in desirable Eastside Long Beach directly across from the esteemed Jefferson Leadership Academy and in convenient proximity to retail, Cal State Long Beach, and Belmont Shore. This area is a dense rental submarket with a strong tenant base; the average household income within one mile exceeds $98,000. Current rent for the occupied unit offers 11 percent potential upside, and a new investor could further add value by converting the garages to an ADU (buyer to verify).

Listing description from the February 2023 sale, as reported to CRMLS.

Sale history

$842,500

Sold February 2023 · listed $899,000, on market October 2022 · MLS #PW22232756 · Source: CRMLS

Listing Agent: Steven Bogoyevac · Listing Office: Steven M. Bogoyevac, Broker · Contact: 562-436-5800 · Bought with: Fleming Trainor · Sotheby's International Realty

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