Quadplex with Four
New
For Sale
$1,100,000
Pending
1100 Cherry Ave, Long Beach, CA 90813
Four-unit property with mixed layouts, central HVAC, garages, and a shared courtyard with outdoor amenities.
Property Size4,188 SF
Days on Market6
Property Features for 1100 Cherry Ave
General Information
Standard status
Pending
Size
4,188 SF
Property subtype
Multi-Family
Building Details
Building Size
4,188 SF
Year Built
1924
Stories
2
Listing Agency:
Elite Representation Real Estate
Listed By:
Melissa Barlow · License #1498928
(310) 800-1608
Source:
Nolanrossre.kw
Added: Sep 12
Changed: Sep 14
Last Checked: Sep 16 at 12:48PM
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 Elite Representation Real Estate
Investment Insights
Based on property information with market context.
This four-unit property, built in 1924, combines two structures with varied residential layouts. The front building contains a lower-level three-bedroom, two-bath unit and an upper-level two-bedroom, one-bath unit with two bonus rooms. Both front residences have central HVAC. The rear structure adds a single-story one-bedroom, one-bath unit and an upper-level two-bedroom, two-bath unit positioned above four single-car garages.
A shared interior courtyard includes a gazebo and barbecue area. The property is less than 1.4 miles from the beach and sits near dining, entertainment, and transportation options. An SB 721 inspection has been completed and passed.
A shared interior courtyard includes a gazebo and barbecue area. The property is less than 1.4 miles from the beach and sits near dining, entertainment, and transportation options. An SB 721 inspection has been completed and passed.
Key Highlights
- Four‑unit property with two structures and varied floor plans
- Front building includes 3‑bedroom and 2‑bedroom residences
- Rear building has 4 single‑car garages beneath an upper‑level unit
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$96,260
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.75%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,925,200
$1.9M
Cap Rate 7%
$1,375,143
$1.4M
Cap Rate 9%
$1,069,556
$1.1M
Market Conditions
NOI Build-Up for 4,188 SF
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.
Gross rent
$143.2K $34.20/SF
− Vacancy
−$5.7K −$1.36/SF
EGI
$137.5K $32.84/SF
− OpEx
−$41.3K −$9.85/SF
NOI
$96.3K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,925,200
Cap Rate 7%
$1,375,143
Cap Rate 9%
$1,069,556
Alternative Uses
Best Use
Multifamily LT 5
$1.38M
$1.20M – $1.60M
NOI $96,260 @ 7.0% cap · market cap 8.75%
Second Best
Apartment 5plus
$1.27M
$1.11M – $1.48M
NOI $88,708 @ 7.0% cap · market cap 8.06%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,579
Businesses Nearby
Explore this area
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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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Quadplex - Four-unit property with mixed layouts, central HVAC, garages, and a shared courtyard with outdoor amenities.
Where is this quadplex located?
The property is located at 1100 Cherry Ave Long Beach, CA.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: Four‑unit property with two structures and varied floor plans; Front building includes 3‑bedroom and 2‑bedroom residences; Rear building has 4 single‑car garages beneath an upper‑level unit
