Three-Unit Residential
For Sale
$725,000
1047 E New York, Long Beach, CA 90813
Built in 1916, the property offers a three-unit configuration in Long Beach.
Property Size1,162 SF
Price / SF$623.92
Days on Market66
Property Features for 1047 E New York
General Information
Standard status
Active
Size
1,162 SF
Property subtype
Triplex
Site & Location
Neighborhood
Central
Building Details
Building Size
1,162 SF
Year Built
1916
Listing Agency:
Vista Sotheby's International Realty
Listed By:
The Corrales Group
(310) 346-3332
Source:
Thecorralesgroup
Added: Aug 28
Changed: Nov 1
Last Checked: Nov 1 at 1:42AM
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 Vista Sotheby's International Realty
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Investment Insights
Based on property information with market context.
This three-unit residential property at 1047 E New York in Long Beach contains 1,162 square feet and dates to 1916. The configuration includes one residence and two additional units, according to the stated live-in-and-rent arrangement.
The property is described as near shopping, dining, schools, parks, the beach, and major transportation routes.
The property is described as near shopping, dining, schools, parks, the beach, and major transportation routes.
Key Highlights
- Three‑unit property in Long Beach
- 1,162 square feet
- Built in 1916
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$26,708
Cap Rate
3.68%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$534,160
$534.2K
Cap Rate 7%
$381,543
$381.5K
Cap Rate 9%
$296,756
$296.8K
Market Conditions
NOI Build-Up for 1,162 SF
Gross rent
$39.7K $34.20/SF
− Vacancy
−$1.6K −$1.36/SF
EGI
$38.2K $32.84/SF
− OpEx
−$11.4K −$9.85/SF
NOI
$26.7K $22.98/SF
Area
ZIP 90813
Vacancy
3.99%
Lease Rate
$34.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$534,160
Cap Rate 7%
$381,543
Cap Rate 9%
$296,756
Alternative Uses
Best Use
Multifamily LT 5
$381.5K
$333.9K – $445.1K
NOI $26,708 @ 7.0% cap · market cap 3.68%
Second Best
Apartment 5plus
$351.6K
$307.7K – $410.2K
NOI $24,613 @ 7.0% cap · market cap 3.39%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
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Location Intelligence
Trade Area within ½ mile
2,532
Businesses Nearby
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Business Placement
Demographics for 90813, CA
54,565
Population
18,603
Households
2.9
Avg Household Size
32
Median Age
16%
College-Educated
63%
High-School Grad
3.1 sq mi
ZIP Area
17,602
Density / Sq Mi
$50,302
Median Household Income
$31,450
Median Earnings
$1,578
Median Rent
$543,700
Median Home Value
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Triplex - Built in 1916, the property offers a three-unit configuration in Long Beach.
Where is this triplex located?
The property is located at 1047 E New York Long Beach, CA.
What is the asking price?
The asking price for this property is $725,000.
What are key features of this property?
This property features: Three‑unit property in Long Beach; 1,162 square feet; Built in 1916
