Four-Unit Income Property with New
1117 Euclid Long Beach, CA 90804
For Sale
$1,750,000
Four well-maintained residential units with eight separately rented garage spaces and separately metered gas and electricity.
Property Size5,100 SF
Lot Size0.14 Acres
Price / SF$343.14
Days on Market51
Property Features for 1117 Euclid
General Information
- Standard status
- Active
- Size
- 5,100 SF
- Lot size
- 0.14 Acres
- Property subtype
- Investment
Building Details
- Year Built
- 1991
Listing Agency:
Listed By:
Hope Bustamante
Source:
Elliman
Added: Jun 4
Changed: Jul 22
Last Checked: Jul 23 at 11:40AM
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 Hope Bustamante
Investment Insights
Based on property information with market context.
Well-maintained four-unit residential income property built in 1991. The building contains a diverse unit mix including two 2BR/1BA units, one 4BR/2BA unit, and one 5BR/2BA unit. Income is supported by eight separately rented garage spaces that generate additional monthly revenue. Utilities are separately metered for gas and electricity, and select units include in-unit laundry hookups. A new roof has been installed, helping reduce near-term capital expenditure concerns.
The property is located in Long Beach’s Eastside neighborhood. BikeScore is 73 (very bikeable), walkScore is 83 (very walkable), and transitScore is 52 (good transit).
The property is located in Long Beach’s Eastside neighborhood. BikeScore is 73 (very bikeable), walkScore is 83 (very walkable), and transitScore is 52 (good transit).
Key Highlights
- Built in 1991 four‑unit residential income property with 5,100 SF on a 6,245 SF lot
- Unit mix: 2BR/1BA, 2BR/1BA, 4BR/2BA, and 5BR/2BA
- Generates $11,150 total monthly gross income ($133,800 annually): $10,350 in residential rents plus $800 garage income
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $165.2k | $32.40 |
| − Vacancy | −$8.6k | −$1.68 |
| EGI | $156.6k | $30.72 |
| − OpEx | −$47.0k | −$9.21 |
| NOI | $109.7k | $21.50 |
5,100 SF · lease $32.40/SF/yr · vacancy 5.20% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$1.57M
$1.37M – $1.83M
NOI $109,653 @ 7.0% cap · market cap 6.27%
Second Best
Apartment 5plus
$1.39M
$1.22M – $1.63M
NOI $97,530 @ 7.0% cap · market cap 5.57%
Theoretical Best
Office A
$2.73M
$2.39M – $3.19M
NOI $191,136 @ 7.0% cap · market cap 10.92%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Quadplexes
FAQs
What type of property is this?
Quadplex - Four well-maintained residential units with eight separately rented garage spaces and separately metered gas and electricity.
Where is this quadplex located?
The property is located at 1117 Euclid Long Beach, CA.
What is the asking price?
The asking price for this property is $1,750,000.
What are key features of this property?
This property features: Built in 1991 four‑unit residential income property with 5,100 SF on a 6,245 SF lot; Unit mix: 2BR/1BA, 2BR/1BA, 4BR/2BA, and 5BR/2BA; Generates $11,150 total monthly gross income ($133,800 annually): $10,350 in residential rents plus $800 garage income
