Multifamily
For Sale
$1,547,000
Pending
1306 E Hellman Street, Long Beach, CA 90813
A 1922-built multifamily property with wall furnace heating.
Property Size4,602 SF
Days on Market21
Property Features for 1306 E Hellman Street
General Information
Standard status
Pending
Size
4,602 SF
Total Parking Spaces
4
Property subtype
Residential Income
Net Operating Income
$103,597
Site & Location
Neighborhood
Aoc7/Craftsman Village
Amenities
Street Lights, Sidewalks
Wall Furnace
Building Details
Building Size
4,602 SF
Year Built
1922
Buildings
2
Stories
2
Listing Agency:
Stratton LFCA - INC.
Listed By:
Blair Newman · License #01459316
(562) 822-6532
Source:
Evrealestate
Added: Oct 13
Changed: Oct 27
Last Checked: Nov 1 at 5:11AM
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 Stratton LFCA - INC.
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This multifamily property was built in 1922 and includes wall furnace heating. Its age and heating feature provide the available physical details for evaluating the building.
The property is at 1306 E Hellman Street in Long Beach, Los Angeles County.
The property is at 1306 E Hellman Street in Long Beach, Los Angeles County.
Key Highlights
- Built in 1922
- Wall furnace heating
- Located at 1306 E Hellman Street in Long Beach, Los Angeles County
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$97,477
Cap Rate
6.30%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,949,540
$1.9M
Cap Rate 7%
$1,392,529
$1.4M
Cap Rate 9%
$1,083,078
$1.1M
Market Conditions
NOI Build-Up for 4,602 SF
Gross rent
$185.0K $40.20/SF
− Vacancy
−$7.8K −$1.69/SF
EGI
$177.2K $38.51/SF
− OpEx
−$79.8K −$17.33/SF
NOI
$97.5K $21.18/SF
Area
ZIP 90813
Vacancy
4.20%
Lease Rate
$40.20 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,949,540
Cap Rate 7%
$1,392,529
Cap Rate 9%
$1,083,078
Alternative Uses
Best Use
Apartment 5plus
$1.39M
$1.22M – $1.62M
NOI $97,477 @ 7.0% cap · market cap 6.30%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$1.51M
$1.32M – $1.76M
NOI $105,776 @ 7.0% cap · market cap 6.84%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Location Intelligence
Trade Area within ½ mile
3,250
Businesses Nearby
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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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Multifamily property - A 1922-built multifamily property with wall furnace heating.
Where is this multifamily property located?
The property is located at 1306 E Hellman Street Long Beach, CA.
What is the asking price?
The asking price for this property is $1,547,000.
What are key features of this property?
This property features: Built in 1922; Wall furnace heating; Located at 1306 E Hellman Street in Long Beach, Los Angeles County
