Description
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).
Location
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Listing Agent: Steven Bogoyevac Courtesy of: Steven M. Bogoyevac, Broker The real estate listing information is provided by California Regional MLS, Inc. and/or CARETS® for the consumer’s personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumer may be interested in purchasing or leasing. Any information relating to a property referenced on this web site comes from the Internet Data Exchange (IDX) program of the California Regional MLS, Inc. and/or CARETS®. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns the web site. Information is deemed reliable but not guaranteed, and consumer is responsible for verifying the accuracy of all information. Copyright © California Regional MLS, Inc. and/or CARETS®. All Rights Reserved. Updated: 4th February, 2023 4:25 AM (UTC)
