Updated 5-Unit Multifamily
For Sale
$1,646,000
1545 E 4th St, Long Beach, CA 90802
Configuration includes a separate fourplex and a three-bedroom house, with laundry appliances inside every unit.
Property Size4,770 SF
Days on Market175
Property Features for 1545 E 4th St
General Information
Standard status
Active
Size
4,770 SF
Property subtype
Multi-Family
Units
Unit Mix
1 x 3BR, 4 x 1BR/1BA
Multifamily Units
5
Building Details
Building Size
4,770 SF
Year Built
1923
Buildings
2
Stories
2
Listing Agency:
The Agency
(424) 230-3700
Listed By:
Jonathan Swire · License #01336277
(424) 230-3700
Source:
Nolanrossre.kw
Added: Mar 10
Changed: Aug 30
Last Checked: Aug 30 at 3:20PM
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 The Agency
Investment Insights
Based on property information with market context.
This 5-unit multifamily property combines a three-bedroom single-family home with a separate rear fourplex. The fourplex contains four one-bedroom, one-bath residences arranged as two upper-level and two lower-level units. Each residence includes a washer and dryer, and the units have undergone substantial updates. Electrical service was updated in 2017.
The property is located at 1545 E 4th St in Long Beach, near Retro Row and within walking distance of the beach. Parking is provided through a garage and available street spaces. The property is subject to AB 1482, including annual rent increases described as CPI plus 5%, and is not subject to local rent control.
The property is located at 1545 E 4th St in Long Beach, near Retro Row and within walking distance of the beach. Parking is provided through a garage and available street spaces. The property is subject to AB 1482, including annual rent increases described as CPI plus 5%, and is not subject to local rent control.
Key Highlights
- 5 total units: one 3‑bedroom house plus four 1‑bedroom, 1‑bath apartments
- Rear 4plex includes two upstairs units and two downstairs units
- Washer and dryer installed in every unit
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
$91,219
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
5.54%
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%
$1,824,380
$1.8M
Cap Rate 7%
$1,303,129
$1.3M
Cap Rate 9%
$1,013,544
$1.0M
Market Conditions
NOI Build-Up for 4,770 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
$174.6K $36.60/SF
− Vacancy
−$8.7K −$1.83/SF
EGI
$165.9K $34.77/SF
− OpEx
−$74.6K −$15.65/SF
NOI
$91.2K $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 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%
$1,824,380
Cap Rate 7%
$1,303,129
Cap Rate 9%
$1,013,544
Alternative Uses
Best Use
Apartment 5plus
$1.30M
$1.14M – $1.52M
NOI $91,219 @ 7.0% cap · market cap 5.54%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.55M
$2.23M – $2.98M
NOI $178,769 @ 7.0% cap · market cap 10.86%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
5
Residential units
Location Intelligence
Trade Area within ½ mile
2,182
Businesses Nearby
Explore this area
Business Placement
Demographics for 90802, CA
41,686
Population
25,055
Households
1.7
Avg Household Size
37
Median Age
44%
College-Educated
88%
High-School Grad
6.5 sq mi
ZIP Area
6,413
Density / Sq Mi
$72,152
Median Household Income
$52,011
Median Earnings
$1,855
Median Rent
$546,700
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?
Multifamily property - Configuration includes a separate fourplex and a three-bedroom house, with laundry appliances inside every unit.
Where is this multifamily property located?
The property is located at 1545 E 4th St Long Beach, CA.
What is the asking price?
The asking price for this property is $1,646,000.
What are key features of this property?
This property features: 5 total units: one 3‑bedroom house plus four 1‑bedroom, 1‑bath apartments; Rear 4plex includes two upstairs units and two downstairs units; Washer and dryer installed in every unit
