Duplex-Style Residential Income
3234 Locust Ave Long Beach, CA 90807
New
For Sale
$1,020,000
MULTI_FAMILY - Long Beach, CA
Property Size2,539 SF
Lot Size0.17 Acres
Price / SF$401.73
Days on Market2
Property Features for 3234 Locust Ave
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
LBR1N
Bedrooms
5
Bathrooms
3
Rooms
Bathroom 1, Bedroom 1, Bedroom 4, Bedroom 3, Bathroom 2, Bedroom 2, Bedroom 5, Bathroom 3
Parking
6
Parking features
Open, Garage - Attached, Garage, Driveway
Fireplace
1
Appliances
Cooktop - Gas, Microwave, Oven
Standard status
Active
APN
7204-010-032
Size
2,539 SF
Lot size
0.17 Acres
Utilities
Heating system
Central
Cooling system
Central Air
Building Details
Year built
1976
Floors in Building
1
Number of units
2
Flooring type
Tile, Vinyl, Laminate
Architectural style
Other
Listing Agency:
Queen Bee Brokers
(310) 877-3800
Listed By:
Jennifer Jaye Fraser · License #01805318
(310) 877-3800
Added: Jul 27
Changed: Jul 28
Last Checked: Jul 28 at 5:06PM
MLS# 26861937
Copyright © 2026 The MLS/CLAW. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This duplex-style residential income property offers two separate residences connected by a single shared wall. The front residence includes three bedrooms and two bathrooms with updated interiors, recessed lighting, luxury vinyl plank flooring, a living and dining area, and a kitchen with stainless steel appliances and abundant cabinetry, along with a double-door pantry. It also has a private patio leading to a detached garage with a dedicated laundry area.
The rear residence provides two bedrooms and one bathroom with updated flooring and a kitchen featuring stainless steel appliances. It includes a private entrance and direct access from the private garage to a dedicated laundry area, along with convenient alley access and an additional gated front entrance with coded access. The rear unit also has its own private outdoor living area.
The property is thoughtfully maintained with mature landscaping and curb appeal, with copper plumbing and a layout designed to function as two independent homes on one lot.
The rear residence provides two bedrooms and one bathroom with updated flooring and a kitchen featuring stainless steel appliances. It includes a private entrance and direct access from the private garage to a dedicated laundry area, along with convenient alley access and an additional gated front entrance with coded access. The rear unit also has its own private outdoor living area.
The property is thoughtfully maintained with mature landscaping and curb appeal, with copper plumbing and a layout designed to function as two independent homes on one lot.
Key Highlights
- Two residences on one lot with only one shared wall, each with its own private entrance
- Front residence: 3 bedrooms, 2 bathrooms, living/dining area, spacious kitchen with abundant cabinetry, stainless steel appliances, double‑door pantry
- Rear residence: 2 bedrooms, 1 bathroom with private entrance, kitchen with stainless steel appliances, and private outdoor living area
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $82.3k | $32.40 |
| − Vacancy | −$4.3k | −$1.68 |
| EGI | $78.0k | $30.72 |
| − OpEx | −$23.4k | −$9.21 |
| NOI | $54.6k | $21.50 |
2,539 SF · lease $32.40/SF/yr · vacancy 5.20% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$779.9K
$682.4K – $909.8K
NOI $54,590 @ 7.0% cap · market cap 5.35%
Second Best
Apartment 5plus
$693.6K
$606.9K – $809.3K
NOI $48,555 @ 7.0% cap · market cap 4.76%
Theoretical Best
Office A
$1.36M
$1.19M – $1.59M
NOI $95,156 @ 7.0% cap · market cap 9.33%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Duplex - Two residences each feature private entry, dedicated laundry, and outdoor living space on one lot.
Where is this duplex located?
The property is located at 3234 Locust Ave Long Beach, CA.
What is the asking price?
The asking price for this property is $1,020,000.
What are key features of this property?
This property features: Two residences on one lot with only one shared wall, each with its own private entrance; Front residence: 3 bedrooms, 2 bathrooms, living/dining area, spacious kitchen with abundant cabinetry, stainless steel appliances, double‑door pantry; Rear residence: 2 bedrooms, 1 bathroom with private entrance, kitchen with stainless steel appliances, and private outdoor living area
