9-Unit Multifamily
For Sale
$949,000
12008 Long Beach, Lynwood, CA 90262
Residential income property comprising three buildings with studio units and one larger three-bedroom residence.
Property Size3,016 SF
Lot Size0.16 Acres
Days on Market26
Property Features for 12008 Long Beach
General Information
Standard status
Active
Size
3,016 SF
Lot size
0.16 Acres
Property subtype
Mixed Use
Site & Location
Highway Access
Yes
Road Access
Yes
Public Transit
Yes
Utilities to Site
Yes
Units
Unit Mix
8 x studio, 1 x 3BR/2BA
Multifamily Units
9
Taxes and HOA fees
Annual Taxes
$7,474
Building Details
Building Size
3,016 SF
Year Built
1942
Buildings
3
Listing Agency:
HOMEQUEST REAL ESTATE
(951) 300-7097
Listed By:
JENNY HERNANDEZ · License #02058716
Source:
Truthrealty
Added: Jul 23
Changed: Aug 11
Last Checked: Aug 16 at 3:11PM
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 HOMEQUEST REAL ESTATE
Investment Insights
Based on property information with market context.
This 9-unit residential property includes three separate buildings on approximately 7,096 square feet of land. The unit mix consists of 8 studio units and one 3 bedroom/2 bath residence identified as Unit #4. Built in 1942, the property is fully occupied except for one unit intentionally held vacant for buyer showings. There is no on-site laundry, and a laundromat is located on the same block.
The property fronts Long Beach Boulevard in Lynwood, with access to shopping, restaurants, public transportation, and major freeways. Utility service includes 3 electric meters, with 2 master and 1 individual; 2 gas meters, with 1 master and 1 individual; and 1 master water meter serving the whole property. The dental office and cannabis business shown in surrounding photos are neighboring businesses and are excluded from the sale.
The property fronts Long Beach Boulevard in Lynwood, with access to shopping, restaurants, public transportation, and major freeways. Utility service includes 3 electric meters, with 2 master and 1 individual; 2 gas meters, with 1 master and 1 individual; and 1 master water meter serving the whole property. The dental office and cannabis business shown in surrounding photos are neighboring businesses and are excluded from the sale.
Key Highlights
- 9‑unit residential property across 3 separate buildings
- Approximately 7,096 square feet of land
- Unit mix includes 8 studio units and 1 3 bedroom/2 bath 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
$48,530
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
5.11%
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%
$970,600
$970.6K
Cap Rate 7%
$693,286
$693.3K
Cap Rate 9%
$539,222
$539.2K
Market Conditions
NOI Build-Up for 3,016 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
$95.9K $31.80/SF
− Vacancy
−$7.7K −$2.54/SF
EGI
$88.2K $29.26/SF
− OpEx
−$39.7K −$13.17/SF
NOI
$48.5K $16.09/SF
Area
Los Angeles County, CA
Vacancy
8.00%
Lease Rate
$31.80 /SF/Yr
Expense Ratio
45.00%
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%
$970,600
Cap Rate 7%
$693,286
Cap Rate 9%
$539,222
Alternative Uses
Best Use
Apartment 5plus
$693.3K
$606.6K – $808.8K
NOI $48,530 @ 7.0% cap · market cap 5.11%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.61M
$1.41M – $1.88M
NOI $113,033 @ 7.0% cap · market cap 11.91%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
9
Residential units
Yes
Highway access
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,647
Businesses Nearby
Explore this area
Business Placement
Demographics for 90262, CA
67,099
Population
15,497
Households
4.3
Avg Household Size
32
Median Age
10%
College-Educated
58%
High-School Grad
4.8 sq mi
ZIP Area
13,979
Density / Sq Mi
$70,507
Median Household Income
$32,870
Median Earnings
$1,625
Median Rent
$569,400
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Multifamily property - Residential income property comprising three buildings with studio units and one larger three-bedroom residence.
Where is this multifamily property located?
The property is located at 12008 Long Beach Lynwood, CA.
What is the asking price?
The asking price for this property is $949,000.
What are key features of this property?
This property features: 9‑unit residential property across 3 separate buildings; Approximately 7,096 square feet of land; Unit mix includes 8 studio units and 1 3 bedroom/2 bath unit
