Remodeled Quadplex with Owner
For Sale
$1,497,777
2130 Elm, Long Beach, CA 90806
Recently remodeled quadplex with a 3-bedroom front home and three back rental units in Long Beach.
Property Size3,308 SF
Days on Market48
Property Features for 2130 Elm
General Information
Standard status
Active
Size
3,308 SF
Property subtype
Investment
Additional Details
Multifamily Units
4
Building Details
Building Size
3,308 SF
Year Built
1907
Units
4
Listing Agency:
Century 21 Allstars
(562) 756-5391
Listed By:
Gustavo Islas · License #00956639
(562) 756-5391
Source:
Elliman
Added: Jul 13
Changed: Aug 8
Last Checked: Aug 29 at 11:59AM
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 Century 21 Allstars
Investment Insights
Based on property information with market context.
This remodeled quadplex at 2130 Elm, Long Beach, CA 90806 features four total units, with the front home offering 3 bedrooms and 2 full bathrooms. Behind the main residence are three additional rental units, creating on-site income alongside owner-occupancy potential.
The entire property has been recently remodeled with updated finishes. WalkScore is listed at 87 (very walkable), BikeScore at 76 (very bikeable), and transitScore at 70 (excellent transit).
Designed for a straightforward live-and-rent configuration, the property’s layout places the owner-ready front home in front with three rental units positioned behind, all within the same remodeled asset.
The entire property has been recently remodeled with updated finishes. WalkScore is listed at 87 (very walkable), BikeScore at 76 (very bikeable), and transitScore at 70 (excellent transit).
Designed for a straightforward live-and-rent configuration, the property’s layout places the owner-ready front home in front with three rental units positioned behind, all within the same remodeled asset.
Key Highlights
- Recently remodeled quadplex in Long Beach with a 3‑bedroom, 2‑bath front home
- Three additional rental units behind the main home for added rental income potential
- Year built: 1907
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
$59,270
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
3.96%
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%
$1,185,400
$1.2M
Cap Rate 7%
$846,714
$846.7K
Cap Rate 9%
$658,556
$658.6K
Market Conditions
NOI Build-Up for 3,308 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
$89.3K $27.00/SF
− Vacancy
−$4.6K −$1.40/SF
EGI
$84.7K $25.60/SF
− OpEx
−$25.4K −$7.68/SF
NOI
$59.3K $17.92/SF
Area
ZIP 90806
Vacancy
5.20%
Lease Rate
$27.00 /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%
$1,185,400
Cap Rate 7%
$846,714
Cap Rate 9%
$658,556
Alternative Uses
Best Use
Multifamily LT 5
$846.7K
$740.9K – $987.8K
NOI $59,270 @ 7.0% cap · market cap 3.96%
Second Best
Apartment 5plus
$760.9K
$665.8K – $887.8K
NOI $53,265 @ 7.0% cap · market cap 3.56%
Theoretical Best
Office A
$1.77M
$1.55M – $2.07M
NOI $123,976 @ 7.0% cap · market cap 8.28%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
1,698
Businesses Nearby
Explore this area
Business Placement
Demographics for 90806, CA
41,611
Population
13,106
Households
3.2
Avg Household Size
35
Median Age
22%
College-Educated
72%
High-School Grad
4.9 sq mi
ZIP Area
8,492
Density / Sq Mi
$73,674
Median Household Income
$36,691
Median Earnings
$1,672
Median Rent
$699,800
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?
Quadplex - Recently remodeled quadplex with a 3-bedroom front home and three back rental units in Long Beach.
Where is this quadplex located?
The property is located at 2130 Elm Long Beach, CA.
What is the asking price?
The asking price for this property is $1,497,777.
What are key features of this property?
This property features: Recently remodeled quadplex in Long Beach with a 3‑bedroom, 2‑bath front home; Three additional rental units behind the main home for added rental income potential; Year built: 1907
