Long Beach, CA 90813 501 W 8th Street

OPEN HOUSE Sun, Aug 31 2025 11:45 AM - 1:30 PM
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Presented By: Austin Longwell with West Shores Realty, Inc.; 626-408-4420
  • California Regional MLS (CRMLS) - 25 - CA
  • MLS# SB25172198
  • 07/31/2025
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Disclaimer: The information contained in this listing has not been verified by Sell Buy OC Homes and should be verified by the buyer.
  • Beds • 1
  • Baths • 1
  • SQFT • 2,592
  • Garage • 1

Home Details

We are pleased to present the exclusive opportunity to acquire to 4 units withing walking distance to Prime Downtown Long Beach. The property is comprised of 4 units with an ideal unit mix of (3) 1 bed 1 baths & (1) 2 bed 2 baths and a bonus room & kitchenette area. With excellent proximity to shopping, entertainment districts and restaurants, this community is an attractive destination for vacations, business trips and urban young professionals making it a unique opportunity for short-and long-term rentals alike. This is an incredible opportunity for a first time home buyer to take advantage of the generous City, State, and private Down Payment Assistance Grants while having their tenants subsidize their mortgage. Ask us how you can begin your generational wealth journey today!
Presented By: Austin Longwell with West Shores Realty, Inc.; 626-408-4420

Interior Features for 501 W 8th Street

Other Interior Features

Air Conditioning Y/NNo
Basement (Y/N)No
Common WallsNoCommonWalls
Fireplace Y/NNo
Heating Y/NNo
Laundry FeaturesCommonArea
Total Stories2

Other Rooms

Entry Level1

General for 501 W 8th Street

Additional Parcels Y/NNo
Attached Garage No
Building Area UnitsSquareFeet
Carport Y/NNo
CityLong Beach
Community FeaturesStreetLights, Sidewalks
CountyLos Angeles
Directions8th and Magnoila
Electric Expense0.0
Entry Locationfirst floor
Fuel Expense0.0
Garage Spaces1.0
Garage Y/NYes
Gross Income78273.0
HOANo
Home Warranty Y/NNo
Insurance Expense3240.0
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
LevelsTwo
Listing TermsCash, CashToExistingLoan, Conventional
Lot Size Square Feet4498.0
Lot Size UnitsSquareFeet
MLS Area4 - Downtown Area, Alamitos Beach
Maintenance Expense3131.0
MobileHomeRemainsYNNo
Net Operating Income53305.0
New ConstructionNo
Number Of Units Total4
Operating Expense21446.0
Pool FeaturesNone
PostalCityLONG BEACH
Property Attached Y/NNo
Property Sub Type AdditionalQuadruplex
Property SubtypeQuadruplex
Property TypeResidentialIncome
Rent Control Y/NNo
Senior Community Y/NNo
SewerPublicSewer
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Stories Count2
Subdivision NameWillmore District (WM)
Tax Lot4
Taxes$11,875
Tenant PaysElectricity, Gas, ParkingFee
Trash Expense0.0
Walk Score86
Water Sewer Expense2400.0
Year Built1946
Year Built SourcePublicRecords
ZoningLBPD10

Exterior for 501 W 8th Street

Building Area Total2592.0
Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot FeaturesZeroToOneUnitAcre, FrontYard, SprinklerSystem
Lot Size Acres0.1033
Lot Size Area4498.0
Lot Size SourceAssessor
Number of Buildings1
Number of Separate Electric Meters4
Number of Separate Gas Meters4
Number of Separate Water Meters1
Parking FeaturesNone
Private PoolNo
SpaNo
Total Parking1.0
Water SourcePublic
Waterfront Y/NNo

Additional Details

Price History

Hal Schlegel

Broker Associate
Price $950,000
MLS#SB25172198
List Date 07/31/2025
Property Type Multi-Family
Phone 714.742.6515
Request Tour
Request Info
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