Four-Unit Multifamily
For Sale
$1,350,000
Pending
4445 Atlantic Ave, Long Beach, CA 90807
Built in 1946, this four-unit property offers all two-bedroom, one-bath homes with four garage spaces.
Property Size3,256 SF
Lot Size0.18 Acres
Days on Market43
Property Features for 4445 Atlantic Ave
General Information
Standard status
Pending
Size
3,256 SF
Total Parking Spaces
4
Lot size
0.18 Acres
Property subtype
Investment
Additional Details
Multifamily Units
4
Building Details
Building Size
3,256 SF
Year Built
1946
Stories
2
Units
4
Listing Agency:
Marcus & Millichap - Orange County
Listed By:
Tyler Leeson · License #01451551
(949) 419-3326
Source:
Elliman
Added: Jul 25
Changed: Aug 28
Last Checked: Aug 25 at 8:25AM
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 Marcus & Millichap - Orange County
Investment Insights
Based on property information with market context.
4445 Atlantic Avenue is a 4-unit multifamily property constructed in 1946. The unit mix consists of four two-bedroom, one-bath residences. Parking is provided through four garage spaces, with one space per unit.
The property is positioned directly across Atlantic Avenue from Bixby Knolls Shopping Center. The shopping center is anchored by Smart & Final Extra! and Marshalls, with additional restaurants, retailers, and service-oriented businesses nearby.
Residents are also within walking distance of ALDI and the year-round Uptown Bixby Knolls Certified Farmers Market. The asset benefits from its location along the Atlantic Avenue commercial corridor in Bixby Knolls, near California Heights to the south.
The property is positioned directly across Atlantic Avenue from Bixby Knolls Shopping Center. The shopping center is anchored by Smart & Final Extra! and Marshalls, with additional restaurants, retailers, and service-oriented businesses nearby.
Residents are also within walking distance of ALDI and the year-round Uptown Bixby Knolls Certified Farmers Market. The asset benefits from its location along the Atlantic Avenue commercial corridor in Bixby Knolls, near California Heights to the south.
Key Highlights
- Built in 1946, 4‑unit multifamily on a 0.18‑acre parcel with approx. 3,256 net rentable SF
- Unit mix: 4 two‑bedroom, one‑bath units
- Parking: 4 garage spaces (1 per unit), with parking separately monetized for additional revenue
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
$70,006
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
5.19%
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%
$1,400,120
$1.4M
Cap Rate 7%
$1,000,086
$1.0M
Cap Rate 9%
$777,844
$777.8K
Market Conditions
NOI Build-Up for 3,256 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
$105.5K $32.40/SF
− Vacancy
−$5.5K −$1.68/SF
EGI
$100.0K $30.72/SF
− OpEx
−$30.0K −$9.21/SF
NOI
$70.0K $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%
$1,400,120
Cap Rate 7%
$1,000,086
Cap Rate 9%
$777,844
Alternative Uses
Best Use
Multifamily LT 5
$1.00M
$875.1K – $1.17M
NOI $70,006 @ 7.0% cap · market cap 5.19%
Second Best
Apartment 5plus
$889.5K
$778.3K – $1.04M
NOI $62,266 @ 7.0% cap · market cap 4.61%
Theoretical Best
Office A
$1.74M
$1.53M – $2.03M
NOI $122,027 @ 7.0% cap · market cap 9.04%
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
1,953
Businesses Nearby
Explore this area
Business Placement
Demographics for 90807, CA
32,412
Population
13,345
Households
2.4
Avg Household Size
41
Median Age
45%
College-Educated
90%
High-School Grad
4.4 sq mi
ZIP Area
7,366
Density / Sq Mi
$95,079
Median Household Income
$56,392
Median Earnings
$1,892
Median Rent
$832,200
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 - Built in 1946, this four-unit property offers all two-bedroom, one-bath homes with four garage spaces.
Where is this quadplex located?
The property is located at 4445 Atlantic Ave Long Beach, CA.
What is the asking price?
The asking price for this property is $1,350,000.
What are key features of this property?
This property features: Built in 1946, 4‑unit multifamily on a 0.18‑acre parcel with approx. 3,256 net rentable SF; Unit mix: 4 two‑bedroom, one‑bath units; Parking: 4 garage spaces (1 per unit), with parking separately monetized for additional revenue
