Remodeled Three-Unit
New
For Sale
$1,350,000
2030 Oregon, Long Beach, CA 90806
Vacant, fully updated triplex with separately metered gas and electric service.
Property Size2,312 SF
Days on Market5
Property Features for 2030 Oregon
General Information
Standard status
Active
Size
2,312 SF
Property subtype
Investment
Units
Unit Mix
1 x 2BR/1BA, 1 x 2BR/2BA, 1 x studio
Multifamily Units
3
Additional Details
Utilities to Site
Yes
Building Details
Building Size
2,312 SF
Year Built
1937
Stories
1
Units
3
Listed By:
Ruben Leon · License #01805500
(323) 806-4116
Source:
Elliman
Added: Sep 22
Changed: Sep 24
Last Checked: Sep 26 at 8:13AM
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 Ruben Leon
Investment Insights
Based on property information with market context.
Located at 2030 Oregon in Long Beach, this triplex contains three vacant residences that have been comprehensively remodeled and have not been occupied since the work was completed. The front unit includes 2 bedrooms and 1 bathroom, the middle unit offers 2 bedrooms and 2 bathrooms, and the rear residence is a studio.
Each unit has separate gas and electric metering, providing distinct utility tracking for the property. The configuration allows for multiple rental arrangements or owner occupancy in one residence while the other units are rented. The property was built in 1937 and has a Walk Score of 78, a Bike Score of 82, and a Transit Score of 46.
Each unit has separate gas and electric metering, providing distinct utility tracking for the property. The configuration allows for multiple rental arrangements or owner occupancy in one residence while the other units are rented. The property was built in 1937 and has a Walk Score of 78, a Bike Score of 82, and a Transit Score of 46.
Key Highlights
- Three‑unit triplex with 2‑bedroom, 1‑bath; 2‑bedroom, 2‑bath; and studio residences
- Fully remodeled; no one has lived in the property since completion of the work
- All three units are vacant
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
$41,425
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
3.07%
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%
$828,500
$828.5K
Cap Rate 7%
$591,786
$591.8K
Cap Rate 9%
$460,278
$460.3K
Market Conditions
NOI Build-Up for 2,312 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
$62.4K $27.00/SF
− Vacancy
−$3.2K −$1.40/SF
EGI
$59.2K $25.60/SF
− OpEx
−$17.8K −$7.68/SF
NOI
$41.4K $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%
$828,500
Cap Rate 7%
$591,786
Cap Rate 9%
$460,278
Alternative Uses
Best Use
Multifamily LT 5
$591.8K
$517.8K – $690.4K
NOI $41,425 @ 7.0% cap · market cap 3.07%
Second Best
Apartment 5plus
$531.8K
$465.4K – $620.5K
NOI $37,228 @ 7.0% cap · market cap 2.76%
Theoretical Best
Office A
$1.24M
$1.08M – $1.44M
NOI $86,649 @ 7.0% cap · market cap 6.42%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
3
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,054
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
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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 - Vacant, fully updated triplex with separately metered gas and electric service.
Where is this triplex located?
The property is located at 2030 Oregon Long Beach, CA.
What is the asking price?
The asking price for this property is $1,350,000.
What are key features of this property?
This property features: Three‑unit triplex with 2‑bedroom, 1‑bath; 2‑bedroom, 2‑bath; and studio residences; Fully remodeled; no one has lived in the property since completion of the work; All three units are vacant
