Garage-and-Yard
For Sale
$759,000
1876 Myrtle, Long Beach, CA 90806
Each of the three residences has its own garage and yard area.
Property Size2,400 SF
Price / SF$316.25
Days on Market248
Property Features for 1876 Myrtle
General Information
Standard status
Active
Size
2,400 SF
Property subtype
Triplex
Site & Location
Neighborhood
Central
Additional Details
Multifamily Units
3
Amenities
private garage
separate yard area
Building Details
Building Size
2,400 SF
Year Built
1923
Listing Agency:
Keller Williams Coastal Prop.
(310) 367-9998
Listed By:
Harry Eaves · License #01159737
(562) 961-1400
Source:
Canadaygroup
Added: Feb 20
Changed: Oct 26
Last Checked: Oct 26 at 2:40PM
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 Keller Williams Coastal Prop.
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Investment Insights
Based on property information with market context.
At 1876 Myrtle in Long Beach, this triplex contains three residences totaling 2,400 square feet. Each unit has a private garage and its own yard area. Built in 1923, the property is not being offered vacant; the seller may consider relocation assistance.
The surrounding area includes shopping, restaurants, schools, and essential services. Downtown Long Beach is accessible from the property, with dining, entertainment, and coastal attractions in that district.
The surrounding area includes shopping, restaurants, schools, and essential services. Downtown Long Beach is accessible from the property, with dining, entertainment, and coastal attractions in that district.
Key Highlights
- Three‑unit residential property totaling 2,400 square feet
- Each residence has a private garage and separate yard area
- Built in 1923
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$43,001
Cap Rate
5.67%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$860,020
$860.0K
Cap Rate 7%
$614,300
$614.3K
Cap Rate 9%
$477,789
$477.8K
Market Conditions
NOI Build-Up for 2,400 SF
Gross rent
$64.8K $27.00/SF
− Vacancy
−$3.4K −$1.40/SF
EGI
$61.4K $25.60/SF
− OpEx
−$18.4K −$7.68/SF
NOI
$43.0K $17.92/SF
Area
ZIP 90806
Vacancy
5.20%
Lease Rate
$27.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$860,020
Cap Rate 7%
$614,300
Cap Rate 9%
$477,789
Alternative Uses
Best Use
Multifamily LT 5
$614.3K
$537.5K – $716.7K
NOI $43,001 @ 7.0% cap · market cap 5.67%
Second Best
Apartment 5plus
$552.1K
$483.1K – $644.1K
NOI $38,645 @ 7.0% cap · market cap 5.09%
Theoretical Best
Office A
$1.28M
$1.12M – $1.50M
NOI $89,947 @ 7.0% cap · market cap 11.85%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
2,137
Businesses Nearby
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Business Placement
Demographics for 90806, CA
41,611
Population
13,106
Households
3.2
Avg Household Size
35
Median Age
22%
College-Educated
72%
High-School Grad
4.9 sq mi
ZIP Area
8,492
Density / Sq Mi
$73,674
Median Household Income
$36,691
Median Earnings
$1,672
Median Rent
$699,800
Median Home Value
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Triplex - Each of the three residences has its own garage and yard area.
Where is this triplex located?
The property is located at 1876 Myrtle Long Beach, CA.
What is the asking price?
The asking price for this property is $759,000.
What are key features of this property?
This property features: Three‑unit residential property totaling 2,400 square feet; Each residence has a private garage and separate yard area; Built in 1923
