Updated Four-Unit Residential
For Sale
$950,000
1136 E Alhambra Court, Long Beach, CA 90813
Three units have been renovated within the past five years, including the ground-floor residence.
Property Size2,368 SF
Price / SF$401.18
Days on Market104
Property Features for 1136 E Alhambra Court
General Information
Standard status
Active
Size
2,368 SF
Property subtype
Quadruplex
Site & Location
Neighborhood
Central
Additional Details
Gross Rent Multiplier
11.8
Multifamily Units
4
Building Details
Building Size
2,368 SF
Year Built
1923
Listing Agency:
Compass
Listed By:
LaRocca Real Estate Group | Leonard LaRocca · License #01401046
(310) 698-6444
Source:
Laroccarealestate
Added: Jul 20
Changed: Oct 29
Last Checked: Oct 29 at 2:48PM
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 Compass
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Investment Insights
Based on property information with market context.
This 2,368-square-foot quadplex was built in 1923. Three of its four units have been renovated within the past five years. The updated ground-floor unit is scheduled to be vacant at closing, while the remaining units are occupied.
The property is reported at an 11.8 GRM based on actuals.
The property is reported at an 11.8 GRM based on actuals.
Key Highlights
- Three of the four units were renovated within the past five years
- Updated ground‑floor unit to be delivered vacant at closing
- 2,368 square feet
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$54,428
Cap Rate
5.73%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,088,560
$1.1M
Cap Rate 7%
$777,543
$777.5K
Cap Rate 9%
$604,756
$604.8K
Market Conditions
NOI Build-Up for 2,368 SF
Gross rent
$81.0K $34.20/SF
− Vacancy
−$3.2K −$1.36/SF
EGI
$77.8K $32.84/SF
− OpEx
−$23.3K −$9.85/SF
NOI
$54.4K $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%
$1,088,560
Cap Rate 7%
$777,543
Cap Rate 9%
$604,756
Alternative Uses
Best Use
Multifamily LT 5
$777.5K
$680.4K – $907.1K
NOI $54,428 @ 7.0% cap · market cap 5.73%
Second Best
Apartment 5plus
$716.5K
$627.0K – $836.0K
NOI $50,158 @ 7.0% cap · market cap 5.28%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
2,533
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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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?
Quadplex - Three units have been renovated within the past five years, including the ground-floor residence.
Where is this quadplex located?
The property is located at 1136 E Alhambra Court Long Beach, CA.
What is the asking price?
The asking price for this property is $950,000.
What are key features of this property?
This property features: Three of the four units were renovated within the past five years; Updated ground‑floor unit to be delivered vacant at closing; 2,368 square feet
