Multi-Family
3911 East 8th Street
Property Snapshot
Address
3911 E. 8thSt.
Long Beach, CA 90804
Long Beach, CA 90804
Purchase Price
$1,675,000.00
Number of Units
7
% Increase in Rents
Since Closing
Since Closing
73.36%
Projected IRR
19.09%
The subject property has a total of 6 One Bed + One Bath, and 1 Two Bed + One Bath. Built in 1955, the property includes 3 single car garages, 4 surface parking spaces, and on-site laundry.
Purchased as a value-add opportunity, Cochise Capital repositioned the property and increased the rents by greater than 73%.