Triplex with Two New
New
For Sale
$1,490,000
2217 San Francisco Ave, Long Beach, CA 90806
Three separately metered homes combine remodeled and newly constructed living space on a parcel with access from two streets.
Property Size3,039 SF
Lot Size0.19 Acres
Price / SF$490.13
Days on Market2
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Property Features for 2217 San Francisco Ave
General Information
Standard status
Active
Size
3,039 SF
Lot size
0.19 Acres
Property subtype
Investment
Site & Location
Highway Access
Yes
Road Access
Yes
Utilities to Site
Yes
Units
Unit Mix
1 x 3BR/2BA, 1 x 3BR/2BA (1,200 sq ft), 1 x 2BR/2BA
Multifamily Units
3
Building Details
Building Size
3,039 SF
Year Built
1944
Buildings
3
Stories
1
Units
3
Listing Agency:
Harmon Homes Inc.
Listed By:
Larry Harmon · License #01212696
(562) 866-1212
Source:
Elliman
Added: Oct 14
Changed: Oct 15
Last Checked: Oct 15 at 2:27AM
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 Harmon Homes Inc.
Investment Insights
Based on property information with market context.
Three residences provide approximately 3,040 square feet of combined living area, with 8 bedrooms and 6 bathrooms on an 8,103-square-foot lot. The San Francisco Avenue home has 3 bedrooms and 2 bathrooms and has been remodeled. A newly built 1,200-square-foot, 3-bedroom, 2-bath home fronts De Forest Avenue; it includes solar panels and fire sprinklers. Between them is a new 2-bedroom, 2-bath ADU. The two new residences are vacant and have not been occupied, while the remodeled home generates rental income.
Each residence has its own water and electric meter. The property can be accessed from San Francisco Avenue and De Forest Avenue, with on-site parking and additional street parking. It is in Long Beach’s Wrigley neighborhood, near shopping, dining, parks, and freeways.
Each residence has its own water and electric meter. The property can be accessed from San Francisco Avenue and De Forest Avenue, with on-site parking and additional street parking. It is in Long Beach’s Wrigley neighborhood, near shopping, dining, parks, and freeways.
Key Highlights
- Three residences with approximately 3,040 square feet of combined living area
- 8,103‑square‑foot lot with access from San Francisco Avenue and De Forest Avenue
- 8 bedrooms and 6 bathrooms across the property
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$54,468
Cap Rate
3.66%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,089,360
$1.1M
Cap Rate 7%
$778,114
$778.1K
Cap Rate 9%
$605,200
$605.2K
Market Conditions
NOI Build-Up for 3,040 SF
Gross rent
$82.1K $27.00/SF
− Vacancy
−$4.3K −$1.40/SF
EGI
$77.8K $25.60/SF
− OpEx
−$23.3K −$7.68/SF
NOI
$54.5K $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 Rate 5%
$1,089,360
Cap Rate 7%
$778,114
Cap Rate 9%
$605,200
Alternative Uses
Best Use
Multifamily LT 5
$778.1K
$680.9K – $907.8K
NOI $54,468 @ 7.0% cap · market cap 3.66%
Second Best
Apartment 5plus
$699.3K
$611.9K – $815.8K
NOI $48,950 @ 7.0% cap · market cap 3.29%
Theoretical Best
Office A
$1.63M
$1.42M – $1.90M
NOI $113,932 @ 7.0% cap · market cap 7.65%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
3
Residential units
Yes
Highway access
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,194
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
Frequently Asked Questions
What type of property is this?
Triplex - Three separately metered homes combine remodeled and newly constructed living space on a parcel with access from two streets.
Where is this triplex located?
The property is located at 2217 San Francisco Ave Long Beach, CA.
What is the asking price?
The asking price for this property is $1,490,000.
What are key features of this property?
This property features: Three residences with approximately 3,040 square feet of combined living area; 8,103‑square‑foot lot with access from San Francisco Avenue and De Forest Avenue; 8 bedrooms and 6 bathrooms across the property
