Multifamily Property with Roof
For Sale
$2,045,000
1700 Pacific Ave, Long Beach, CA 90813
Updated building systems include windows, electrical panels, ABS plumbing, and a roof reported in good condition.
Property Size6,423 SF
Days on Market84
Property Features for 1700 Pacific Ave
General Information
Standard status
Active
Size
6,423 SF
Property subtype
Multifamily
Amenities
Roof Deck
Onsite Parking
Laundry Area
Building Details
Building Size
6,423 SF
Year Built
1964
Listing Agency:
Younglewin Advisors, Inc.
Listed By:
Shane Young · License #CalDRE #01963090
(562) 556-1118
Source:
Younglewin
Added: Jun 25
Changed: Sep 9
Last Checked: Sep 15 at 7:38AM
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 Younglewin Advisors, Inc.
Investment Insights
Based on property information with market context.
This 1964 multifamily property at 1700 Pacific Ave in Long Beach includes a roof deck, onsite parking, and a laundry area. Property improvements include new windows, new main and sub electrical panels, and new ABS plumbing. The roof is reported in good condition, providing a recently documented component of the building’s physical profile.
The property also offers stated ADU potential for additional income and equity growth. Its combination of building-system updates, resident-oriented amenities, and outdoor roof space creates a practical multifamily configuration for evaluation.
The property also offers stated ADU potential for additional income and equity growth. Its combination of building-system updates, resident-oriented amenities, and outdoor roof space creates a practical multifamily configuration for evaluation.
Key Highlights
- 1964 multifamily property at 1700 Pacific Ave, Long Beach, CA 90813
- New windows and new main and sub electrical panels
- New ABS plumbing
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
$136,048
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
6.65%
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%
$2,720,960
$2.7M
Cap Rate 7%
$1,943,543
$1.9M
Cap Rate 9%
$1,511,644
$1.5M
Market Conditions
NOI Build-Up for 6,423 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
$258.2K $40.20/SF
− Vacancy
−$10.8K −$1.69/SF
EGI
$247.4K $38.51/SF
− OpEx
−$111.3K −$17.33/SF
NOI
$136.0K $21.18/SF
Area
ZIP 90813
Vacancy
4.20%
Lease Rate
$40.20 /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%
$2,720,960
Cap Rate 7%
$1,943,543
Cap Rate 9%
$1,511,644
Alternative Uses
Best Use
Apartment 5plus
$1.94M
$1.70M – $2.27M
NOI $136,048 @ 7.0% cap · market cap 6.65%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$2.11M
$1.85M – $2.46M
NOI $147,631 @ 7.0% cap · market cap 7.22%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
2,636
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
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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?
Multifamily property - Updated building systems include windows, electrical panels, ABS plumbing, and a roof reported in good condition.
Where is this multifamily property located?
The property is located at 1700 Pacific Ave Long Beach, CA.
What is the asking price?
The asking price for this property is $2,045,000.
What are key features of this property?
This property features: 1964 multifamily property at 1700 Pacific Ave, Long Beach, CA 90813; New windows and new main and sub electrical panels; New ABS plumbing
