Long Beach Triplex Investment
For Sale
$759,000
1876 Myrtle Long, Long Beach, CA 90806
Triplex in desirable Long Beach neighborhood with private garages.
Property Size2,400 SF
Days on Market192
Property Features for 1876 Myrtle Long
General Information
Standard status
Active
Size
2,400 SF
Property subtype
Triplex
Amenities
Composition
Building Details
Building Size
2,400 SF
Year Built
1923
Stories
1
Listing Agency:
Keller Williams Coastal Properties
(310) 367-9998
Listed By:
Harry Eaves · License #01159737
(310) 367-9998
Source:
Kw
Added: Feb 21
Changed: Aug 31
Last Checked: Aug 31 at 1:07AM
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 Properties
Investment Insights
Based on property information with market context.
This triplex presents an investment opportunity in a desirable and established residential neighborhood of Long Beach. The property, situated on a single lot, includes three individual units, each featuring its own private garage and separate yard area. This arrangement offers tenants convenience, privacy, and a single-family home feel, which supports long-term tenancy and rental stability. It is suitable for both new and experienced real estate investors looking to add an income-producing asset to their portfolio. The units will not be delivered vacant, but the seller may consider relocation assistance. The property is located in a quiet and well-established area of Long Beach, surrounded by single-family homes and well-maintained residential income properties. Its location provides convenient access to shopping centers, restaurants, schools, essential services, and downtown Long Beach, where tenants can access dining, entertainment, and coastal attractions. The property has a bike score of 76, indicating it is very bikeable, a walk score of 87, indicating it is very walkable, and a transit score of 70, indicating excellent transit options.
Key Highlights
- Strong income‑producing triplex in a desirable Long Beach neighborhood.
- Each unit features a private garage and separate yard area.
- Excellent location near shopping, restaurants, schools, and downtown Long Beach.
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
$43,001
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
5.67%
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%
$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
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
$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 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%
$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.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
2,631
Businesses Nearby
Explore this area
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
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 - Triplex in desirable Long Beach neighborhood with private garages.
Where is this triplex located?
The property is located at 1876 Myrtle Long 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: Strong income‑producing triplex in a desirable Long Beach neighborhood.; Each unit features a private garage and separate yard area.; Excellent location near shopping, restaurants, schools, and downtown Long Beach.
