Listing Detail

3815 E 8th St, Long Beach, CA

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Investment Highlights

  • Desirable Duplex in Eastside Long Beach With Two-Bed/One-Bath Units

  • One Unit is Vacant and Has Been Completely Remodeled

  • Potential to Add Value By Converting the Two Single-Car Garages to an ADU (Buyer to Verify)

  • Great Location Directly Across From Jefferson Leadership Academy With Convenient Proximity to Retail, Cal State Long Beach, and Belmont Shore

3815 E 8th St

Long Beach, CA

Type: Multifamily
Units: 2
List Price: $899,000
Price/Unit: $449,500
Price/SF: $614
Cap Rate: 3.70%

Investment Overview

The Bogie Group of Marcus & Millichap is pleased to present to market 3815 East 8th Street, a duplex in Long Beach, California. 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.

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 remodeled unit is currently vacant, making this an ideal owner/user opportunity or a chance for an investor to lease the unit at market rate.  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). 

Download Offering Memorandum

Exclusively listed by


Izzy Sanchez

First Vice President Investments

License: CA 01236591

(424) 405-3862