Remodeled
For Sale
$725,000
1442 Alamitos Ave, Long Beach, CA 90813
Residential Income, Long Beach, CA
Property Size1,064 SF
Lot Size0.05 Acres
Price / SF$681.39
Days on Market23
Property Features for 1442 Alamitos Ave
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
LBR4R
Bathrooms
3
Full bathrooms
3
Rooms
Bathroom 2, Bathroom 1, Bathroom 3
Directions
On Alamitos Ave. between Anaheim St. and PCH
Subdivision
Poly High
Standard status
Active
APN
7268-019-009
Size
1,064 SF
Lot size
0.05 Acres
Building Details
Year built
1923
Floors in Building
1
Number of units
3
Listing Agency:
Compass
(310) 820-0195
Listed By:
Leah Guerra · License #01907093
(310) 945-8232
Added: Aug 24
Changed: Sep 12
Last Checked: Sep 15 at 7:06AM
MLS# 26862447
Copyright © 2026 The MLS/CLAW. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This three-unit multifamily property at 1442 Alamitos Ave includes 1,064 square feet on a 0.0463-acre lot and was built in 1923. A 2021 renovation added a newer roof, refreshed bathrooms, interior and exterior paint, and new flooring in Unit B’s main living area. Energy-efficient split units serve all three residences, while upgraded downspouts support roof drainage. The property is zoned LBR4R, and each unit is occupied under a month-to-month lease.
The property is near downtown Long Beach and Long Beach Community College, with Alamitos Beach approximately five minutes away. Access to the 710 and 405 freeways adds regional connectivity. The unit configuration includes three bathrooms and established residential improvements across the property.
The property is near downtown Long Beach and Long Beach Community College, with Alamitos Beach approximately five minutes away. Access to the 710 and 405 freeways adds regional connectivity. The unit configuration includes three bathrooms and established residential improvements across the property.
Key Highlights
- Three‑unit multifamily property with 1,064 square feet
- 0.0463‑acre lot in Long Beach, CA
- Remodeled in 2021 with updated bathrooms and a newer roof
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
$24,456
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
3.37%
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%
$489,120
$489.1K
Cap Rate 7%
$349,371
$349.4K
Cap Rate 9%
$271,733
$271.7K
Market Conditions
NOI Build-Up for 1,064 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
$36.4K $34.20/SF
− Vacancy
−$1.5K −$1.36/SF
EGI
$34.9K $32.84/SF
− OpEx
−$10.5K −$9.85/SF
NOI
$24.5K $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%
$489,120
Cap Rate 7%
$349,371
Cap Rate 9%
$271,733
Alternative Uses
Best Use
Multifamily LT 5
$349.4K
$305.7K – $407.6K
NOI $24,456 @ 7.0% cap · market cap 3.37%
Second Best
Apartment 5plus
$322.0K
$281.7K – $375.6K
NOI $22,537 @ 7.0% cap · market cap 3.11%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
3
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,771
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Triplex - Three units feature updated interiors, split units, and month-to-month occupancy in a compact multifamily property.
Where is this triplex located?
The property is located at 1442 Alamitos Ave Long Beach, CA.
What is the asking price?
The asking price for this property is $725,000.
What are key features of this property?
This property features: Three‑unit multifamily property with 1,064 square feet; 0.0463‑acre lot in Long Beach, CA; Remodeled in 2021 with updated bathrooms and a newer roof
