Four-Unit Detached Garage Apartment
For Sale
$975,000
Pending
1443 E 7th, Long Beach, CA 90813
Four-unit property with nearly 900 sq. ft. per unit and four detached one-car garages, offering possible ADU or layout updates.
Property Size3,588 SF
Days on Market37
Property Features for 1443 E 7th
General Information
Standard status
Pending
Size
3,588 SF
Total Parking Spaces
4
Property subtype
Investment
Additional Details
Multifamily Units
4
Building Details
Building Size
3,588 SF
Year Built
1922
Units
4
Listing Agency:
Century 21 Allstars
(562) 818-6387
Listed By:
Jose Lua · License #01187731
Source:
Elliman
Added: Jul 24
Changed: Aug 24
Last Checked: Aug 29 at 12:41PM
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 four-unit Long Beach income property is described as offering spacious, functional floor plans, with approximately 3,588 square feet of living space total and nearly 900 square feet per unit. The seller notes each unit has potential for a future second-bedroom conversion (buyer to verify). The property also includes four detached one-car garages, and there is noted possible ADU potential (buyer to verify).
The location is presented as convenient to Downtown Long Beach, Belmont Shore, beaches, shopping, restaurants, schools, parks, major transportation, and employment centers. Walk and transit indicators provided with the listing include a 87 walk score (very walkable) and a 50 transit score (good transit), with a bike score of 59 (bikeable).
Overall, the combination of larger unit sizes and detached garage structures supports flexible future options, subject to buyer verification of conversion and ADU possibilities.
The location is presented as convenient to Downtown Long Beach, Belmont Shore, beaches, shopping, restaurants, schools, parks, major transportation, and employment centers. Walk and transit indicators provided with the listing include a 87 walk score (very walkable) and a 50 transit score (good transit), with a bike score of 59 (bikeable).
Overall, the combination of larger unit sizes and detached garage structures supports flexible future options, subject to buyer verification of conversion and ADU possibilities.
Key Highlights
- Four‑unit Long Beach property built in 1922 with approximately 3,588 SF total living space (about 900 SF per unit).
- Each unit averages nearly 900 SF with spacious, functional floor plans and potential for a future second‑bedroom conversion (buyer to verify).
- Four detached one‑car garages on‑site, with possible ADU potential (buyer to verify).
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
$82,469
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
8.46%
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%
$1,649,380
$1.6M
Cap Rate 7%
$1,178,129
$1.2M
Cap Rate 9%
$916,322
$916.3K
Market Conditions
NOI Build-Up for 3,588 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
$122.7K $34.20/SF
− Vacancy
−$4.9K −$1.36/SF
EGI
$117.8K $32.84/SF
− OpEx
−$35.3K −$9.85/SF
NOI
$82.5K $22.98/SF
Area
ZIP 90813
Vacancy
3.99%
Lease Rate
$34.20 /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%
$1,649,380
Cap Rate 7%
$1,178,129
Cap Rate 9%
$916,322
Alternative Uses
Best Use
Multifamily LT 5
$1.18M
$1.03M – $1.37M
NOI $82,469 @ 7.0% cap · market cap 8.46%
Second Best
Apartment 5plus
$1.09M
$950.0K – $1.27M
NOI $75,999 @ 7.0% cap · market cap 7.79%
Theoretical Best
—
—
same as Best Use
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
2,414
Businesses Nearby
Explore this area
Business Placement
Demographics for 90813, CA
54,565
Population
18,603
Households
2.9
Avg Household Size
32
Median Age
16%
College-Educated
63%
High-School Grad
3.1 sq mi
ZIP Area
17,602
Density / Sq Mi
$50,302
Median Household Income
$31,450
Median Earnings
$1,578
Median Rent
$543,700
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 - Four-unit property with nearly 900 sq. ft. per unit and four detached one-car garages, offering possible ADU or layout updates.
Where is this quadplex located?
The property is located at 1443 E 7th Long Beach, CA.
What is the asking price?
The asking price for this property is $975,000.
What are key features of this property?
This property features: Four‑unit Long Beach property built in 1922 with approximately 3,588 SF total living space (about 900 SF per unit).; Each unit averages nearly 900 SF with spacious, functional floor plans and potential for a future second‑bedroom conversion (buyer to verify).; Four detached one‑car garages on‑site, with possible ADU potential (buyer to verify).
