Four-Unit Income Property with New
For Sale
$1,699,000
1117 Euclid, Long Beach, CA 90804
Four well-maintained residential units with eight separately rented garage spaces and separately metered gas and electricity.
Property Size5,100 SF
Lot Size0.14 Acres
Price / SF$333.14
Days on Market110
Property Features for 1117 Euclid
General Information
Standard status
Active
Size
5,100 SF
Total Parking Spaces
8
Lot size
0.14 Acres
Property subtype
Quadruplex
Additional Details
Utilities to Site
Yes
Multifamily Units
4
Amenities
in-unit laundry hookups
Building Details
Building Size
5,100 SF
Year Built
1991
Stories
2
Tenancy
Multi
Listing Agency:
G&H Realty Company Inc.
Listed By:
Hope Bustamante · License #01705015
(562) 353-3023
Source:
Nolanrossre.kw
Added: May 30
Changed: Sep 9
Last Checked: Sep 15 at 4:33AM
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 G&H Realty Company Inc.
Investment Insights
Based on property information with market context.
Well-maintained four-unit residential income property built in 1991. The building contains a diverse unit mix including two 2BR/1BA units, one 4BR/2BA unit, and one 5BR/2BA unit. Income is supported by eight separately rented garage spaces that generate additional monthly revenue. Utilities are separately metered for gas and electricity, and select units include in-unit laundry hookups. A new roof has been installed, helping reduce near-term capital expenditure concerns.
The property is located in Long Beach’s Eastside neighborhood. BikeScore is 73 (very bikeable), walkScore is 83 (very walkable), and transitScore is 52 (good transit).
The property is located in Long Beach’s Eastside neighborhood. BikeScore is 73 (very bikeable), walkScore is 83 (very walkable), and transitScore is 52 (good transit).
Key Highlights
- Built in 1991 four‑unit residential income property with 5,100 SF on a 6,245 SF lot
- Unit mix: 2BR/1BA, 2BR/1BA, 4BR/2BA, and 5BR/2BA
- Generates $11,150 total monthly gross income ($133,800 annually): $10,350 in residential rents plus $800 garage income
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
$109,653
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
6.45%
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%
$2,193,060
$2.2M
Cap Rate 7%
$1,566,471
$1.6M
Cap Rate 9%
$1,218,367
$1.2M
Market Conditions
NOI Build-Up for 5,100 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
$165.2K $32.40/SF
− Vacancy
−$8.6K −$1.68/SF
EGI
$156.6K $30.72/SF
− OpEx
−$47.0K −$9.21/SF
NOI
$109.7K $21.50/SF
Area
Long Beach, CA
Vacancy
5.20%
Lease Rate
$32.40 /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%
$2,193,060
Cap Rate 7%
$1,566,471
Cap Rate 9%
$1,218,367
Alternative Uses
Best Use
Multifamily LT 5
$1.57M
$1.37M – $1.83M
NOI $109,653 @ 7.0% cap · market cap 6.45%
Second Best
Apartment 5plus
$1.39M
$1.22M – $1.63M
NOI $97,530 @ 7.0% cap · market cap 5.74%
Theoretical Best
Office A
$2.73M
$2.39M – $3.19M
NOI $191,136 @ 7.0% cap · market cap 11.25%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
4
Residential units
Multi-tenant
Tenancy
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
2,156
Businesses Nearby
Explore this area
Business Placement
Demographics for 90804, CA
39,370
Population
15,998
Households
2.5
Avg Household Size
33
Median Age
30%
College-Educated
75%
High-School Grad
2.2 sq mi
ZIP Area
17,895
Density / Sq Mi
$68,940
Median Household Income
$38,914
Median Earnings
$1,801
Median Rent
$673,600
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 well-maintained residential units with eight separately rented garage spaces and separately metered gas and electricity.
Where is this quadplex located?
The property is located at 1117 Euclid Long Beach, CA.
What is the asking price?
The asking price for this property is $1,699,000.
What are key features of this property?
This property features: Built in 1991 four‑unit residential income property with 5,100 SF on a 6,245 SF lot; Unit mix: 2BR/1BA, 2BR/1BA, 4BR/2BA, and 5BR/2BA; Generates $11,150 total monthly gross income ($133,800 annually): $10,350 in residential rents plus $800 garage income
