Multifamily
For Sale
$2,200,000
1315 Park Avenue, Long Beach, CA 90804
Residences include one-, two-, and three-bedroom layouts.
Property Size4,440 SF
Lot Size0.12 Acres
Days on Market12
Property Features for 1315 Park Avenue
General Information
Standard status
Active
Size
4,440 SF
Lot size
0.12 Acres
Property subtype
Apartment
Site & Location
Neighborhood
Bryant
Building Details
Building Size
4,440 SF
Year Built
1928
Listing Agency:
Keller Williams Realty World Class
Listed By:
Maximilian Rochford · License #02192077
Source:
Velocityrealtysd
Added: Oct 22
Changed: Oct 31
Last Checked: Nov 1 at 2:11PM
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 Keller Williams Realty World Class
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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 at 1315–1317 Park Avenue in Long Beach includes residences with one-, two-, and three-bedroom layouts. Constructed in 1928, it occupies an approximately 5,054-square-foot lot.
The sale is being handled through a court-supervised receivership. Offers are subject to the receiver’s review and acceptance, as well as any required court approval.
The sale is being handled through a court-supervised receivership. Offers are subject to the receiver’s review and acceptance, as well as any required court approval.
Key Highlights
- One-, two-, and three‑bedroom residences
- Approximately 5,054‑square‑foot lot
- Built in 1928
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$84,908
Cap Rate
3.86%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,698,160
$1.7M
Cap Rate 7%
$1,212,971
$1.2M
Cap Rate 9%
$943,422
$943.4K
Market Conditions
NOI Build-Up for 4,440 SF
Gross rent
$162.5K $36.60/SF
− Vacancy
−$8.1K −$1.83/SF
EGI
$154.4K $34.77/SF
− OpEx
−$69.5K −$15.65/SF
NOI
$84.9K $19.12/SF
Area
Long Beach, CA
Vacancy
5.00%
Lease Rate
$36.60 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,698,160
Cap Rate 7%
$1,212,971
Cap Rate 9%
$943,422
Alternative Uses
Best Use
Apartment 5plus
$1.21M
$1.06M – $1.42M
NOI $84,908 @ 7.0% cap · market cap 3.86%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.38M
$2.08M – $2.77M
NOI $166,401 @ 7.0% cap · market cap 7.56%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Location Intelligence
Trade Area within ½ mile
2,013
Businesses Nearby
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Business Placement
Demographics for 90804, CA
39,370
Population
15,998
Households
2.5
Avg Household Size
33
Median Age
30%
College-Educated
75%
High-School Grad
2.2 sq mi
ZIP Area
17,895
Density / Sq Mi
$68,940
Median Household Income
$38,914
Median Earnings
$1,801
Median Rent
$673,600
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 - Residences include one-, two-, and three-bedroom layouts.
Where is this multifamily property located?
The property is located at 1315 Park Avenue Long Beach, CA.
What is the asking price?
The asking price for this property is $2,200,000.
What are key features of this property?
This property features: One-, two-, and three‑bedroom residences; Approximately 5,054‑square‑foot lot; Built in 1928
