Six-Unit Multifamily
New
For Sale
$1,800,000
2037 W Lincoln, Long Beach, CA 90810
Multifamily property combining newly constructed and renovated residences with private laundry and expanded parking.
Property Size4,600 SF
Days on Market2
Property Features for 2037 W Lincoln
General Information
Standard status
Active
Size
4,600 SF
Property subtype
Investment
Additional Details
Highway Access
Yes
Multifamily Units
6
Amenities
private in unit laundry
Building Details
Building Size
4,600 SF
Year Built
1956
Units
6
Listing Agency:
Access Coastal Realty
Listed By:
Shelley Hanks · License #01426415
(562) 212-6886
Source:
Elliman
Added: Sep 4
Last Checked: Sep 4 at 2:38PM
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 Access Coastal Realty
Investment Insights
Based on property information with market context.
This multifamily property includes six units on an oversized lot, combining three units constructed in 2025 with three residences originally built in 1956 that have been renovated. The improvements include mini-split climate control systems, upgraded electrical service, new plumbing throughout the property, private in-unit laundry, and floor plans designed around privacy and efficient use of space. Approved plans are also in place for one additional unit.
Parking includes a two-vehicle driveway along with a larger area for additional vehicles. The property is positioned in a quiet residential neighborhood with access to nearby highways. WalkScore is 22, reflecting a car-dependent setting; BikeScore is 37, and TransitScore is 36.
Parking includes a two-vehicle driveway along with a larger area for additional vehicles. The property is positioned in a quiet residential neighborhood with access to nearby highways. WalkScore is 22, reflecting a car-dependent setting; BikeScore is 37, and TransitScore is 36.
Key Highlights
- Six‑unit multifamily property on an oversized lot
- Three units constructed in 2025
- Three renovated units originally built in 1956
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
$87,968
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%
$1,759,360
$1.8M
Cap Rate 7%
$1,256,686
$1.3M
Cap Rate 9%
$977,422
$977.4K
Market Conditions
NOI Build-Up for 4,600 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
$168.4K $36.60/SF
− Vacancy
−$8.4K −$1.83/SF
EGI
$159.9K $34.77/SF
− OpEx
−$72.0K −$15.65/SF
NOI
$88.0K $19.12/SF
Area
Long Beach, CA
Vacancy
5.00%
Lease Rate
$36.60 /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%
$1,759,360
Cap Rate 7%
$1,256,686
Cap Rate 9%
$977,422
Alternative Uses
Best Use
Apartment 5plus
$1.26M
$1.10M – $1.47M
NOI $87,968 @ 7.0% cap · market cap 4.89%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.46M
$2.15M – $2.87M
NOI $172,398 @ 7.0% cap · market cap 9.58%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
6
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
440
Businesses Nearby
Explore this area
Business Placement
Demographics for 90810, CA
38,529
Population
10,294
Households
3.7
Avg Household Size
37
Median Age
21%
College-Educated
76%
High-School Grad
6.5 sq mi
ZIP Area
5,928
Density / Sq Mi
$82,222
Median Household Income
$39,397
Median Earnings
$1,554
Median Rent
$594,200
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?
Apartment building - Multifamily property combining newly constructed and renovated residences with private laundry and expanded parking.
Where is this apartment building located?
The property is located at 2037 W Lincoln Long Beach, CA.
What is the asking price?
The asking price for this property is $1,800,000.
What are key features of this property?
This property features: Six‑unit multifamily property on an oversized lot; Three units constructed in 2025; Three renovated units originally built in 1956
