PRICED REDUCED AND READY TO SELL. 10.7 GRM and 6.2% CAP against in place rents. 10 units located blocks from Downtown Long Beach where over $8BB in Redevelopment is happening. Subject to AB 1482 Rent Control (5% + CPI increases). 3 structures on a the lot. All units have been heavily remodeled with new kitchens, baths, flooring and W/ D's. 10.7 GRM and 6.2% CAP and only $302/SF. Property has new windows, landscaping, lighting and garage doors and is professionally managed. Electrical was redone in 2020. All units have W/ D's in them. 4 garages with additional parking for 4 cars outside. Garages are leased for $675/month total. EMAIL LISTING AGENT FOR MORE INFO INCLUDING A RENT ROLL AND OM.
Multi-familyProperty Type
1929Year Built
7,506 sq ftLot Size
$290Price/Sq.Ft.
4 garage spacesParking
Listed by Jonathan Swire•DRE #01336277
•310-948-2631 (agent)
•jon@jonswire.com (agent)
Bought with Tyler Leeson•DRE #01451551• Marcus & Millichap RE Invest
310 W. 8th Street in a meticulously renovated investment asset in up-and-coming Willmore City Historic District in booming Downtown Long Beach. The property offers ten spacious, bright one and two-bedroom units with open floor plans. Nine of the ten units have been completely renovated with recessed lighting, in-unit washer/dryers and high- end fixtures and finishes throughout. Exterior renovations include fresh paint, drought-resistant landscaping and stunning modern lighting, all providing incredible curb appeal. The building's electrical and plumbing systems have been updated. Eight parking spaces comprised of four garages and four tandem spaces, as well as newly built storage units provide additional income. With a Walkscore of 90, the property is conveniently accessible to copious employment opportunities and all of the shopping, dining and nightlife amenities available in thriving Downtown Long Beach. Additionally, the 7th Street entrance to the 710 freeway is just around the corner, providing quick and easy access out of the city. 310 W. 8th Street offers a new buyer a turn-key asset in a rapidly changing and dynamic Downtown Long Beach location, with 8%+/- rental upside potential by renovating the 10th unit and leveling rents.
Public Records
May 23, 2005
Sold
$1,180,000
$132/sq ft
Public Records
Jan 31, 2003
Sold
$675,000
$75/sq ft
Year
Property tax
Land + Additions
Assessment*
2025
$45,892 (+4.6%)
$1,650,000 + $940,000
$2,590,000
2024
$43,884 (+1.7%)
$2,229,809 + $1,206,910
$3,436,719
2023
$43,145 (+6.6%)
$2,186,088 + $1,183,246
$3,369,334
2022
$40,488 (+27.8%)
$2,143,224 + $1,160,046
$3,303,270
2021
$31,685 (+0.3%)
$2,101,200 + $1,137,300
$3,238,500
2020
$31,601 (+60.7%)
$1,628,296 + $875,982
$2,504,278
2019
$19,670 (+2.9%)
$1,611,600 + $867,000
$2,478,600
2018
$19,107 (+1.1%)
$810,965 + $663,515
$1,474,480
2017
$18,906 (+17.8%)
$779,475 + $637,750
$1,417,225
2016
$16,054 (+7.3%)
$779,475 + $637,750
$1,417,225
2015
$14,967 (+7.1%)
$695,900 + $564,100
$1,260,000
2014
$13,974 (+8.2%)
$604,800 + $490,200
$1,095,000
2012
$12,920 (+2.3%)
$549,600 + $445,400
$995,000
2011
$12,624 (+0.4%)
$549,600 + $445,400
$995,000
2010
$12,567 (−3.7%)
$549,600 + $445,400
$995,000
2009
$13,045 (−10.2%)
$549,600 + $445,400
$995,000
2008
$14,519
$580,000 + $470,000
$1,050,000
Tax history for 310 W 8th St
Year
Property tax
Land + Additions
Assessment*
2025
$45,892 (+4.6%)
$1,650,000 + $940,000
$2,590,000
2024
$43,884 (+1.7%)
$2,229,809 + $1,206,910
$3,436,719
2023
$43,145 (+6.6%)
$2,186,088 + $1,183,246
$3,369,334
2022
$40,488 (+27.8%)
$2,143,224 + $1,160,046
$3,303,270
2021
$31,685 (+0.3%)
$2,101,200 + $1,137,300
$3,238,500
2020
$31,601 (+60.7%)
$1,628,296 + $875,982
$2,504,278
2019
$19,670 (+2.9%)
$1,611,600 + $867,000
$2,478,600
2018
$19,107 (+1.1%)
$810,965 + $663,515
$1,474,480
2017
$18,906 (+17.8%)
$779,475 + $637,750
$1,417,225
2016
$16,054 (+7.3%)
$779,475 + $637,750
$1,417,225
2015
$14,967 (+7.1%)
$695,900 + $564,100
$1,260,000
2014
$13,974 (+8.2%)
$604,800 + $490,200
$1,095,000
2012
$12,920 (+2.3%)
$549,600 + $445,400
$995,000
2011
$12,624 (+0.4%)
$549,600 + $445,400
$995,000
2010
$12,567 (−3.7%)
$549,600 + $445,400
$995,000
2009
$13,045 (−10.2%)
$549,600 + $445,400
$995,000
2008
$14,519
$580,000 + $470,000
$1,050,000
*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.
Public record
Public record
Permits
Beds
8
Baths
4
Stories
—
Lot width
—
Lot depth
—
Lot size
7,506 Sq. Ft.
Year renovated
—
Sq. Ft.
4,726
Year built
1929
Style
Multi-Family (5+ Unit)
County
Los Angeles County
APN
7272019009
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Oct 6, 2026.
Jul 28, 2021 • Final
Electrical
Electrical
Permit history is from public records and may be incomplete or inaccurate. Redfin and its agents make no representations about the property condition or permit status. Buyers should independently verify all information.
Property details
Parking
Garage
Assigned
# of Garage Spaces: 4
Parking
# of Parking Spaces (Total): 8
# of Open Other Spaces: 4
Interior
Heating & Cooling
No Cooling
Wall Heat
Multi-Unit Income
Gross Income: 250000
Gross Operating Income: $250,000
Net Operating Income: $165,000
Multi-Unit Expenses
Total Annual Expense: $78,000
Multi-Unit Other Financial Information
Cap Rate: 6.2
Gross Rent Multiplier: 10.7
Vacancy Rate: 0
Scheduled Actual: Actual
Multi-Unit Information
Unit Type Type: 1, 2
Type Of Units: Income
# of Buildings: 2
Unit 1 Information
# of Beds: 1
# of Baths: 1.00
Rent: $1,850
Projected Rent: $1,850
Actual Rent: $1,850
# of Units: 6
Unit 2 Information
# of Beds: 2
# of Baths: 1.00
Rent: $2,200
Projected Rent: $2,200
Actual Rent: $2,200
# of Units: 4
Exterior
Building Information
Total Floors: 2
Two Level
Property Information
Property Type: Residential Income
Land Information
Other Structures: None
Lot Information
Lot Size (Sq. Ft.): 7,506
Lot Size (Acres): 0.1723
Zoning: LBPD10
Financial
Assessment Information
Assessed Total Value: $3,369,334
Assessed Land Value: $2,186,088
Assessed Land %: 64.88
Assessed Improvement Value: $1,183,246
Assessed Improvement %: 35.12
Assessor Parcel Number: 7272-019-009
Location
Community Information
# of Units in Complex (Total): 8
Location Information
Directions: 8 units close to Downtown Long Beach.
Public facts
Beds: 8
Baths: 4.0
Sq. Ft.: 4,726
Stories: —
Lot Size: 7,506 square feet
Style: Multi-Family (5+ Unit)
Year Built: 1929
Year Renovated: —
County: Los Angeles County
APN: 7272019009
Home facts updated by county records on Oct 6, 2026
Other
Documents & Disclosures
Disclosures: None
Around this home
Schools
International Elementary School
Public K-5 • Assigned • 0.3mi
5/10
Washington Middle School
Public 6-8 • Assigned • 1.7mi
4/10
Cabrillo High School
Public 9-12 • Assigned • 1.7mi
3/10
Provided by GreatSchools
Lifestyle
Provided by Walk Score and Local Logic
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
1/10 Fire Factor
Unlikely to be in a wildfire in next 30 years
4/10 Heat Factor
7 days above 88° expected this year, 23 days in 30 years
1/10 Wind Factor
Minimal risk of severe winds over next 30 years
6/10 Air Factor
9 unhealthy days expected this year, 10 days in 30 years
Provided by First Street
Historical weather
Long Beach, CA • 90813
Average low and high temperatures (°F)
69
50
69
52
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55
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60
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63
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65
81
66
79
67
75
60
70
54
67
53
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
In this area, properties receive around 9.1 hours in
June and 6.9 hours in December, placing it above the
U.S. average for solar exposure.