Spanish-Style
For Sale
$875,000
103 W 51st, Long Beach, CA 90805
The property includes four bedrooms, two bathrooms, and custom vinyl fencing with gates.
Property Size1,618 SF
Price / SF$540.79
Days on Market19
Property Features for 103 W 51st
General Information
Standard status
Active
Size
1,618 SF
Total Parking Spaces
2
Property subtype
Residential Income
Site & Location
Neighborhood
Sutter
Highway Access
Yes
Building Details
Building Size
1,618 SF
Year Built
1930
Buildings
2
Stories
1
Units
2
Construction
Spanish-style
Listing Agency:
Circle Real Estate
(562) 521-9022
Listed By:
Visakha Sir · License #01980472
(562) 310-3742
Source:
4surerealtygroup
Added: Oct 6
Changed: Oct 23
Last Checked: Oct 23 at 9:31PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Circle Real Estate
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Investment Insights
Based on property information with market context.
Built in 1930, this Spanish-style duplex contains 1,618 square feet of living space, with four bedrooms and two bathrooms. Custom vinyl fencing and gates are part of the property’s exterior improvements.
The duplex is in Long Beach, with access to the 710 Freeway. Its residential configuration and existing physical features define the offering.
The duplex is in Long Beach, with access to the 710 Freeway. Its residential configuration and existing physical features define the offering.
Key Highlights
- Duplex with 1,618 square feet of living space
- Four bedrooms and two bathrooms
- Built in 1930
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$29,274
Cap Rate
3.35%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$585,480
$585.5K
Cap Rate 7%
$418,200
$418.2K
Cap Rate 9%
$325,267
$325.3K
Market Conditions
NOI Build-Up for 1,618 SF
Gross rent
$43.7K $27.00/SF
− Vacancy
−$1.9K −$1.15/SF
EGI
$41.8K $25.85/SF
− OpEx
−$12.5K −$7.75/SF
NOI
$29.3K $18.09/SF
Area
ZIP 90805
Vacancy
4.27%
Lease Rate
$27.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$585,480
Cap Rate 7%
$418,200
Cap Rate 9%
$325,267
Alternative Uses
Best Use
Multifamily LT 5
$418.2K
$365.9K – $487.9K
NOI $29,274 @ 7.0% cap · market cap 3.35%
Second Best
Apartment 5plus
$386.1K
$337.8K – $450.4K
NOI $27,025 @ 7.0% cap · market cap 3.09%
Theoretical Best
Office A
$484.6K
$424.1K – $565.4K
NOI $33,924 @ 7.0% cap · market cap 3.88%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
660
Businesses Nearby
Explore this area
Business Placement
Demographics for 90805, CA
95,350
Population
28,954
Households
3.3
Avg Household Size
34
Median Age
18%
College-Educated
74%
High-School Grad
7.4 sq mi
ZIP Area
12,885
Density / Sq Mi
$68,615
Median Household Income
$34,948
Median Earnings
$1,664
Median Rent
$588,500
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Duplex - The property includes four bedrooms, two bathrooms, and custom vinyl fencing with gates.
Where is this duplex located?
The property is located at 103 W 51st Long Beach, CA.
What is the asking price?
The asking price for this property is $875,000.
What are key features of this property?
This property features: Duplex with 1,618 square feet of living space; Four bedrooms and two bathrooms; Built in 1930
