Duplex with Permitted
2151 E Spaulding Court, Long Beach, CA 90804
For Sale
$799,000
Two connected living spaces offer separate entrances, a private balcony, and flexible use as one residence or two.
Property Size1,091 SF
Price / SF$732.36
Days on Market33
Property Features for 2151 E Spaulding Court
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Additional Details
Multifamily Units
Amenities
private balcony
stack washer/dryer
gated front yard
Building Details
Building Size
Year Built
Buildings
Stories
Units
Construction
Listing Agency:
David Shorter, Broker
(562) 832-2500
Listed By:
David Shorter
Source:
Buyersonlycoastalrealty
Added: Oct 6
Changed: Nov 6
Last Checked: Nov 6 at 9:29PM
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 David Shorter, Broker
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Investment Insights
Based on property information with market context.
This 1922 duplex pairs a two-bedroom, two-bath main level with a permitted ADU upstairs. The upper residence has its own entrance, a kitchenette, walk-in closet, three-quarter bath, and private balcony. An interior connection links the two levels, allowing them to function as separate residences or as a combined home. The main unit features hardwood floors and granite kitchen countertops, while a former garage area now serves as storage and includes plumbing for a stack washer and dryer.
Located at 2151 E Spaulding Court in Long Beach, the property has a gated front yard and a Craftsman-style entry. The building contains 1,091 square feet. The property may accommodate independent household living or rental of one residence while occupying the other.
Located at 2151 E Spaulding Court in Long Beach, the property has a gated front yard and a Craftsman-style entry. The building contains 1,091 square feet. The property may accommodate independent household living or rental of one residence while occupying the other.
Key Highlights
- Permitted upper‑level ADU with private entrance and balcony
- Main residence includes 2 bedrooms and 2 bathrooms
- Upper ADU features a kitchenette, walk‑in closet, and 3/4 bath
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$23,457
Cap Rate
2.94%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$469,140
$469.1K
Cap Rate 7%
$335,100
$335.1K
Cap Rate 9%
$260,633
$260.6K
Market Conditions
NOI Build-Up for 1,091 SF
Gross rent
$35.3K $32.40/SF
− Vacancy
−$1.8K −$1.68/SF
EGI
$33.5K $30.72/SF
− OpEx
−$10.1K −$9.21/SF
NOI
$23.5K $21.50/SF
Area
Long Beach, CA
Vacancy
5.20%
Lease Rate
$32.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$469,140
Cap Rate 7%
$335,100
Cap Rate 9%
$260,633
Alternative Uses
Best Use
Multifamily LT 5
$335.1K
$293.2K – $391.0K
NOI $23,457 @ 7.0% cap · market cap 2.94%
Second Best
Apartment 5plus
$298.1K
$260.8K – $347.7K
NOI $20,864 @ 7.0% cap · market cap 2.61%
Theoretical Best
Office A
$584.1K
$511.1K – $681.5K
NOI $40,888 @ 7.0% cap · market cap 5.12%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,530
Businesses Nearby
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Business Placement
Demographics for 90804, CA
39,370
Population
15,998
Households
2.5
Avg Household Size
33
Median Age
30%
College-Educated
75%
High-School Grad
2.2 sq mi
ZIP Area
17,895
Density / Sq Mi
$68,940
Median Household Income
$38,914
Median Earnings
$1,801
Median Rent
$673,600
Median Home Value
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Market
Average Price Trend$/SF for Duplexes in Long Beach, CA
Properties on Market for Duplexes in Long Beach
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Duplex - Two connected living spaces offer separate entrances, a private balcony, and flexible use as one residence or two.
Where is this duplex located?
The property is located at 2151 E Spaulding Court Long Beach, CA.
What is the asking price?
The asking price for this property is $799,000.
What are key features of this property?
This property features: Permitted upper‑level ADU with private entrance and balcony; Main residence includes 2 bedrooms and 2 bathrooms; Upper ADU features a kitchenette, walk‑in closet, and 3/4 bath
