Nine-Unit Apartment
New
For Sale
$935,000
12008 Long Beach Blvd, Lynwood, CA 90262
Three-building multifamily property with varied unit layouts, separate metering, and convenient access to nearby daily services.
Property Size3,016 SF
Days on Market2
Property Features for 12008 Long Beach Blvd
General Information
Standard status
Active
Size
3,016 SF
Property subtype
Commercial
Building Details
Building Size
3,016 SF
Year Built
1942
Units
9
Listing Agency:
Smart Real Estate Solutions
Listed By:
Justin Tye · License #01728694
(949) 381-8581
Source:
Elliman
Added: Sep 21
Last Checked: Sep 22 at 7:04PM
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 Smart Real Estate Solutions
Investment Insights
Based on property information with market context.
This multifamily property consists of three buildings with nine units on the lot. The front structure contains three units facing Long Beach Boulevard, while the center building is configured as a two-bedroom, one-bath unit. The rear building includes five additional units. The property was built in 1942.
Utility arrangements vary across the buildings. The center unit has separate gas and electric meters, while the front and rear buildings use combined electric metering. The property has one water meter and two gas meters. Three units have window A/C, and there is no on-site laundry. A laundromat is located on the same block.
The property is located at 12008 Long Beach Blvd in Lynwood, near restaurants, grocery stores, bus stops, laundry services, and employers. The surrounding area has a Walk Score of 80 and a Bike Score of 54.
Utility arrangements vary across the buildings. The center unit has separate gas and electric meters, while the front and rear buildings use combined electric metering. The property has one water meter and two gas meters. Three units have window A/C, and there is no on-site laundry. A laundromat is located on the same block.
The property is located at 12008 Long Beach Blvd in Lynwood, near restaurants, grocery stores, bus stops, laundry services, and employers. The surrounding area has a Walk Score of 80 and a Bike Score of 54.
Key Highlights
- Nine‑unit multifamily property across three buildings
- Front building includes 3 units facing Long Beach Blvd
- Center building has a 2‑bedroom, 1‑bath unit with separate gas and electric meters
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
5.19%
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 5.19%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.61M
$1.41M – $1.88M
NOI $113,033 @ 7.0% cap · market cap 12.09%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
643
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
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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?
Apartment building - Three-building multifamily property with varied unit layouts, separate metering, and convenient access to nearby daily services.
Where is this apartment building located?
The property is located at 12008 Long Beach Blvd Lynwood, CA.
What is the asking price?
The asking price for this property is $935,000.
What are key features of this property?
This property features: Nine‑unit multifamily property across three buildings; Front building includes 3 units facing Long Beach Blvd; Center building has a 2‑bedroom, 1‑bath unit with separate gas and electric meters
