Nine-Unit Apartment
12008 Long Beach Blvd, Lynwood, CA 90262
For Sale
$934,900
Three-building multifamily property with varied unit layouts, separate metering, and convenient access to nearby daily services.
Property Size3,016 SF
Days on Market50
Property Features for 12008 Long Beach Blvd
General Information
Standard status
Size
Property subtype
Building Details
Building Size
Year Built
Units
Listing Agency:
Smart Real Estate Solutions
Listed By:
Mike Trelles · License #01176983
(714) 955-8910
Source:
Elliman
Added: Sep 21
Changed: Nov 2
Last Checked: Nov 8 at 5:58AM
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
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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 / Yr
$48,530
Cap Rate
5.19%
Suggested Prices Based on Cap Rates
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
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 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.
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Location Intelligence
Trade Area within ½ mile
643
Businesses Nearby
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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
$569,400
Median Home Value
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Market
Average Price Trend$/SF for Apartment buildings in Los Angeles County, CA
Properties on Market for Apartment buildings in Los Angeles County
Vacancy Rate% for Multifamily in West region
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 $934,900.
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
