Updated Triplex with Private
For Sale
$1,465,000
1610 E Carson St, Long Beach, CA 90807
Residential Income, Mid-Century, Long Beach, CA
Property Size3,330 SF
Lot Size0.15 Acres
Price / SF$439.94
Days on Market56
Property Features for 1610 E Carson St
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
LBR4N
Bedrooms
4
Bathrooms
4
Full bathrooms
4
Rooms
Bedroom 2, Bathroom 1, Bedroom 4, Bathroom 4, Bathroom 2, Bedroom 1, Bedroom 3, Bathroom 3
Parking
3
Parking features
Garage
Directions
On Carson Street. In between Cherry and Orange
Subdivision
Bixby, Bixby Knolls, Los Cerritos
Standard status
Active
APN
7137-014-002
Size
3,330 SF
Lot size
0.15 Acres
Amenities
private patio
in-unit laundry hookups
private garage
Building Details
Year built
1948
Floors in Building
2
Number of units
3
Architectural style
Other
Listing Agency:
Compass
(626) 205-4040
Listed By:
Cheryl Ann David · License #01807988
(213) 447-5055
Added: Jul 20
Changed: Sep 12
Last Checked: Sep 13 at 6:06AM
MLS# 26861363
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 3,330-square-foot triplex, built in 1948, includes improvements completed in 2022 and is arranged for residential income use. The largest residence spans two stories in a townhouse-style layout with two bedrooms, two bathrooms, a downstairs den, private patio and deck access, garage parking, and in-unit laundry hookups. A separate front residence provides one bedroom and one bathroom. Private patios are provided for each unit, creating individual outdoor areas across the property.
The property is located at 1610 E Carson St in Long Beach’s Bixby Knolls area, near boutique shops and dining establishments. The parcel contains 0.1547 acres and is identified with LBR4N zoning. The configuration combines multiple residences with updated interiors and outdoor space in a location connected to established neighborhood retail and restaurant offerings.
The property is located at 1610 E Carson St in Long Beach’s Bixby Knolls area, near boutique shops and dining establishments. The parcel contains 0.1547 acres and is identified with LBR4N zoning. The configuration combines multiple residences with updated interiors and outdoor space in a location connected to established neighborhood retail and restaurant offerings.
Key Highlights
- 3,330 square feet of total living space across a triplex
- 2022 improvements include updated flooring, cabinetry, and countertops
- Two‑story townhouse‑style residence with 2 bedrooms, 2 bathrooms, den, patio, and deck
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
$71,597
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
4.89%
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%
$1,431,940
$1.4M
Cap Rate 7%
$1,022,814
$1.0M
Cap Rate 9%
$795,522
$795.5K
Market Conditions
NOI Build-Up for 3,330 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
$107.9K $32.40/SF
− Vacancy
−$5.6K −$1.68/SF
EGI
$102.3K $30.72/SF
− OpEx
−$30.7K −$9.21/SF
NOI
$71.6K $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%
$1,431,940
Cap Rate 7%
$1,022,814
Cap Rate 9%
$795,522
Alternative Uses
Best Use
Multifamily LT 5
$1.02M
$895.0K – $1.19M
NOI $71,597 @ 7.0% cap · market cap 4.89%
Second Best
Apartment 5plus
$909.7K
$796.0K – $1.06M
NOI $63,681 @ 7.0% cap · market cap 4.35%
Theoretical Best
Office A
$1.78M
$1.56M – $2.08M
NOI $124,801 @ 7.0% cap · market cap 8.52%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
779
Businesses Nearby
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Business Placement
Demographics for 90807, CA
32,412
Population
13,345
Households
2.4
Avg Household Size
41
Median Age
45%
College-Educated
90%
High-School Grad
4.4 sq mi
ZIP Area
7,366
Density / Sq Mi
$95,079
Median Household Income
$56,392
Median Earnings
$1,892
Median Rent
$832,200
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
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Frequently Asked Questions
What type of property is this?
Triplex - Three-unit property with renovated interiors, garage parking, and access to Bixby Knolls shops and restaurants.
Where is this triplex located?
The property is located at 1610 E Carson St Long Beach, CA.
What is the asking price?
The asking price for this property is $1,465,000.
What are key features of this property?
This property features: 3,330 square feet of total living space across a triplex; 2022 improvements include updated flooring, cabinetry, and countertops; Two‑story townhouse‑style residence with 2 bedrooms, 2 bathrooms, den, patio, and deck
