328 W 8th Street
Long Beach, CA, 90813
$1,375,000
MLS: OC26209184
Beds
—
Baths
—
Sq Ft
3,714
Lot
0.06 ac
Year Built
1923
MLS #
OC26209184
Days on Market
30
Listed
Sep 24, 2026
Description
328 West 8th Street is an 8-unit multifamily investment property located in Long Beach, California. 328 West 8th Street features an efficient unit mix consisting exclusively of studio apartments, with all 8 units having undergone extensive interior renovations. While finishes vary slightly by unit, the interiors generally feature vinyl plank flooring, shaker-style cabinetry, quartz countertops, subway tile backsplashes, stainless-steel appliances, range hoods, modern ceiling fans and updated paint. Bathrooms have also been modernized with tile flooring, updated showers and contemporary vanities. Seven of the eight units are equipped with in-unit washers and dryers. Ownership has invested more than $400,000 in capital improvements throughout the property, including substantial upgrades to both the interiors and exterior, resulting in a heavily modernized asset with significantly reduced near-term renovation requirements for a new owner. The property has been professionally managed and maintained, with electrical subpanels updated in 2024. The main electrical service is reported to be 200 amps, subject to buyer verification. From an operating standpoint, utilities are master-metered and currently paid by ownership, providing an opportunity for a future owner to implement a RUBS program and recover a portion of these expenses. Market underwriting assumes utility reimbursements of $50 per unit per month, creating an additional source of income while helping offset ownership’s utility costs. Located along a quiet, tree-lined residential street just blocks from Downtown Long Beach, 328 West 8th Street offers residents convenient access to shopping, dining, entertainment and everyday services. The property earns a Walk Score of 90, supporting a highly walkable lifestyle, while nearby access to the I-710 Freeway provides connectivity to employment centers throughout Long Beach and the surrounding region. With its renovated studio units, in-unit laundry in nearly every residence, completed electrical improvements and highly walkable Downtown-adjacent location, 328 West 8th Street offers a well-maintained multifamily asset with established improvements and an opportunity to enhance operating income through utility reimbursements.
Location
Long Beach, Los Angeles County, CA 90813
Open on Google Maps ↗Listed by: Tyler Leeson · Marcus & Millichap RE Invest
Listing information is provided courtesy of the Greater Antelope Valley Association of Realtors (GAVAR) and California Regional MLS (CRMLS). Information is deemed reliable but not guaranteed accurate by the MLS or by Mike Watson. All data, including square footage, lot size, room count, permits, and school assignment, should be independently verified. Properties shown may be listed by brokerages other than Keller Williams Realty. Listings are subject to prior sale, change, or withdrawal without notice.
Payment estimate
$10,749
/ month (est.)
Principal, interest, taxes, and insurance + PMI. Down payment: $137,500 · Loan: $1,237,500
Average 30-yr fixed rate 7.32% as of Oct 22, 2026 (Freddie Mac PMMS). Adjust to your quote.
- Principal & Interest
- $8,501
- Property tax (1.25%)
- $1,432
- Homeowners insurance
- $300
- Mortgage insurance
- $516
Login required. The full tool supports FHA / VA / USDA, PMI by credit tier, lender fees, and total cash to close — with your inputs here carried over.
Today's Rates
As of Oct 22, 2026
- 30-year fixed
- 7.32%
- 15-year fixed
- 6.68%
Source: Freddie Mac Primary Mortgage Market Survey (PMMS). Updated weekly.
About the area · Mike Watson
About the Antelope Valley
The Antelope Valley spans Lancaster, Palmdale, Quartz Hill, Rosamond, Lake Los Angeles, California City, Edwards AFB, and the Plant 42 aerospace corridor. Mike Watson is a lifelong AV resident and the #1 producing individual Realtor in the region by transaction count. Every active listing on this site is paired with a free market analysis tailored to the specific street, honest financing guidance (FHA, VA, USDA, CalHFA, conventional, and assumable loans where the financing supports it), and side-by-side comparisons against the rest of the active inventory in your target ZIP.
Financing Options
FHA Financing — 3.5% Down＋
First-time and repeat buyers can purchase this Long Beach home with as little as 3.5% down using an FHA loan — roughly $48,125 down. FHA loans feature flexible credit guidelines and government-backed rates, making homeownership accessible for buyers who haven't saved a large down payment. Seller concessions up to 6% of the purchase price are also allowed.
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Local Market Stats
See Long Beach, CA 90813 market trends →
Median sold price, days on market, active inventory, price brackets, and 12-month trends — pulled live from the MLS.
★#1 Producing Individual Realtor, Antelope Valley
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