Quadplex with Detached
For Sale
$1,150,000
1430 W 19th St, Long Beach, CA 90810
Four-unit property offers two 3-bed units and two 1-bed units, plus three detached garages for tenant use.
Property Size2,821 SF
Lot Size0.15 Acres
Price / SF$407.66
Days on Market150
Property Features for 1430 W 19th St
General Information
Standard status
Active
Size
2,821 SF
Total Parking Spaces
3
Lot size
0.15 Acres
Property subtype
Multi Family
Additional Details
Multifamily Units
4
Building Details
Year Built
1957
Tenancy
Multi
Listing Agency:
Vic Steele, Broker
Listed By:
Vic Steele · License #01349863
(714) 240-3693
Source:
Exitrealty
Added: Apr 9
Changed: Sep 1
Last Checked: Sep 5 at 5:38AM
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 Vic Steele, Broker
Investment Insights
Based on property information with market context.
This quadplex features a unit mix of two 3-bedroom, 2-bath units and two 1-bedroom, 1-bath units. The property includes three detached garages, adding practical off-street parking and tenant amenities. The layout is designed around two separate structures, creating a functional residential configuration for the existing four-unit setup.
Situated on a 6,389 sq ft lot with approximately 2,821 sq ft of living space, the property is located in a walkable Long Beach neighborhood with walkScore of 65 (Somewhat Walkable) and bikeScore of 57 (Bikeable). The transitScore is 45 (Some Transit), supporting convenient access to local amenities.
The offering presents a value-add angle through interior upgrades, exterior improvements, and rental optimization, with particular upside indicated for the larger units.
Situated on a 6,389 sq ft lot with approximately 2,821 sq ft of living space, the property is located in a walkable Long Beach neighborhood with walkScore of 65 (Somewhat Walkable) and bikeScore of 57 (Bikeable). The transitScore is 45 (Some Transit), supporting convenient access to local amenities.
The offering presents a value-add angle through interior upgrades, exterior improvements, and rental optimization, with particular upside indicated for the larger units.
Key Highlights
- 4‑plex built in 1957 with 2 separate structures and two 3‑bed, 2‑bath units plus two 1‑bed, 1‑bath units
- Approximately 2,821 sq ft of living space on a 6,389 sq ft lot
- Includes three detached garages, adding tenant parking/storage and potential added income
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
$60,653
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
5.27%
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%
$1,213,060
$1.2M
Cap Rate 7%
$866,471
$866.5K
Cap Rate 9%
$673,922
$673.9K
Market Conditions
NOI Build-Up for 2,821 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
$91.4K $32.40/SF
− Vacancy
−$4.8K −$1.68/SF
EGI
$86.6K $30.72/SF
− OpEx
−$26.0K −$9.21/SF
NOI
$60.7K $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%
$1,213,060
Cap Rate 7%
$866,471
Cap Rate 9%
$673,922
Alternative Uses
Best Use
Multifamily LT 5
$866.5K
$758.2K – $1.01M
NOI $60,653 @ 7.0% cap · market cap 5.27%
Second Best
Apartment 5plus
$770.7K
$674.3K – $899.1K
NOI $53,947 @ 7.0% cap · market cap 4.69%
Theoretical Best
Office A
$1.51M
$1.32M – $1.76M
NOI $105,725 @ 7.0% cap · market cap 9.19%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,068
Businesses Nearby
Explore this area
Business Placement
Demographics for 90810, CA
38,529
Population
10,294
Households
3.7
Avg Household Size
37
Median Age
21%
College-Educated
76%
High-School Grad
6.5 sq mi
ZIP Area
5,928
Density / Sq Mi
$82,222
Median Household Income
$39,397
Median Earnings
$1,554
Median Rent
$594,200
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 - Four-unit property offers two 3-bed units and two 1-bed units, plus three detached garages for tenant use.
Where is this quadplex located?
The property is located at 1430 W 19th St Long Beach, CA.
What is the asking price?
The asking price for this property is $1,150,000.
What are key features of this property?
This property features: 4‑plex built in 1957 with 2 separate structures and two 3‑bed, 2‑bath units plus two 1‑bed, 1‑bath units; Approximately 2,821 sq ft of living space on a 6,389 sq ft lot; Includes three detached garages, adding tenant parking/storage and potential added income
