216 Esperanza Long Beach, CA 90802
Upgraded quadplex offering four spacious one-bedroom apartments in a highly walkable coastal neighborhood.
- Added:
- Jun 20, 2026
- Days on Market:
- 24
- Last Refresh:
- Jun 24 at 2:39 am
Property Features for 216 Esperanza
General Information
- Standard status
- Active
- Size
- 3,816 SF
- Property subtype
- Multifamily
Listing office HomeSmart Realty West
Listing date Jun 20, 2026
Source Crexi
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Investment Insights
Based on property information with market context.
Located in the heart of Alamitos Beach, the building is about two blocks from the beach and adjacent to Bluff Park, supported by a very high walk score. Daily conveniences and entertainment are within an easy 5 to 15 minute walk, including shopping, restaurants, and bars. Public transportation is described as available on the corner of E. Broadway, and additional nearby retail and dining areas include the East Village Arts District and Retro Row along East 4th St.
For tenants, the layout supports privacy and straightforward living with one-bedroom floorplans in a neighborhood setting near the water and parks, along with frequent walkable access to everyday amenities. For buyers, the asset provides a compact four-unit residential structure with four long-term residents reflected in actual rents, offering a practical approach for an owner seeking manageable multi-family ownership in a desirable coastal area.
Key Highlights
- Upgraded 4‑unit quadplex with 4 spacious 1‑bedroom apartments
- Total size 3,816 SF; approx. 950 SF per unit
- Located 2 blocks from the beach and adjacent to Bluff Park
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $123.6k | $32.40 |
| − Vacancy | −$6.4k | −$1.68 |
| EGI | $117.2k | $30.72 |
| − OpEx | −$35.2k | −$9.21 |
| NOI | $82.0k | $21.50 |
