Long Beach Triplex Near
For Sale
$1,199,000
1735 Orizaba Ave, Long Beach, CA 90804
Spacious Long Beach triplex built in 1988, near coastal amenities.
Property Size4,302 SF
Lot Size0.15 Acres
Days on Market105
Property Features for 1735 Orizaba Ave
General Information
Standard status
Active
Size
4,302 SF
Lot size
0.15 Acres
Property subtype
Investment
Building Details
Building Size
4,302 SF
Year Built
1988
Stories
2
Units
3
Listing Agency:
RE/MAX Real Estate Specialists
(562) 493-3004
Listed By:
Kirk Saylor · License #01312394
(562) 493-3004
Source:
Elliman
Added: May 21
Changed: Aug 31
Last Checked: Sep 1 at 6:28PM
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 RE/MAX Real Estate Specialists
Investment Insights
Based on property information with market context.
This Long Beach triplex, constructed in 1988, features a detached front unit with 3 bedrooms and 2 bathrooms, offering 1596 square feet. The two back units include one with 3 bedrooms and 2 bathrooms, and another with 2 bedrooms and 2 bathrooms, totaling 2706 square feet. Each of the three units has a 2-car attached garage and 2-car driveways, situated on a 6503 square foot lot. Located less than 2 miles from the beach and the Long Beach bike path, the property provides access to Belmont Shore's 2nd Street dining, shopping, and nightlife. It is also near Nieto Herrera Elementary School, Cal State Long Beach, Recreation Park Golf Course, and Marine Stadium. The location benefits from proximity to coastal amenities, established neighborhoods, dining, and recreation.
Key Highlights
- Triplex built in 1988, south of PCH, each unit featuring a 2‑car attached garage and 2‑car driveway.
- Large 6503 sq ft lot.
- Front unit is a spacious, fully detached 3BR/2BA (1596 sq ft).**
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
$92,496
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
7.71%
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%
$1,849,920
$1.8M
Cap Rate 7%
$1,321,371
$1.3M
Cap Rate 9%
$1,027,733
$1.0M
Market Conditions
NOI Build-Up for 4,302 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
$139.4K $32.40/SF
− Vacancy
−$7.2K −$1.68/SF
EGI
$132.1K $30.72/SF
− OpEx
−$39.6K −$9.21/SF
NOI
$92.5K $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%
$1,849,920
Cap Rate 7%
$1,321,371
Cap Rate 9%
$1,027,733
Alternative Uses
Best Use
Multifamily LT 5
$1.32M
$1.16M – $1.54M
NOI $92,496 @ 7.0% cap · market cap 7.71%
Second Best
Apartment 5plus
$1.18M
$1.03M – $1.37M
NOI $82,269 @ 7.0% cap · market cap 6.86%
Theoretical Best
Office A
$2.30M
$2.02M – $2.69M
NOI $161,229 @ 7.0% cap · market cap 13.45%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,902
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
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Triplex - Spacious Long Beach triplex built in 1988, near coastal amenities.
Where is this triplex located?
The property is located at 1735 Orizaba Ave Long Beach, CA.
What is the asking price?
The asking price for this property is $1,199,000.
What are key features of this property?
This property features: Triplex built in 1988, south of PCH, each unit featuring a 2‑car attached garage and 2‑car driveway.; Large 6503 sq ft lot.; Front unit is a spacious, fully detached 3BR/2BA (1596 sq ft).**
