Multifamily Property with Three
230 NIETO AVE Long Beach, CA 90803
230 NIETO AVE, Long Beach, CA, 90803
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For Sale
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Multifamily property featuring three units, totaling 2,816 square feet.
Property Size2,816 SF
Price / SF$621.45
Days on Market58
Property Features for 230 NIETO AVE
General Information
- Standard status
- Active
- Size
- 2,816 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 1950
Listing Agency
KW Commercial
Listed by
Mark Beat · License #01467690
Source
Crexi
Added: May 20 Checked: Jul 15 at 10:59 pm
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 KW Commercial
Investment Insights
Based on property information with market context.
This multifamily property features three units within a 2,816 square foot building.
Key Highlights
- Multifamily property featuring 3 units.
- Offers a total living area of 2,816 SF.
- Constructed in 1950.
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 | $91.2k | $32.40 |
| − Vacancy | −$4.7k | −$1.68 |
| EGI | $86.5k | $30.72 |
| − OpEx | −$25.9k | −$9.21 |
| NOI | $60.5k | $21.50 |
2,816 SF · lease $32.40/SF/yr · vacancy 5.20% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$864.9K
$756.8K – $1.01M
NOI $60,546 @ 7.0% cap · market cap 3.46%
Second Best
Apartment 5plus
$769.3K
$673.2K – $897.5K
NOI $53,852 @ 7.0% cap · market cap 3.08%
Theoretical Best
Office A
$1.51M
$1.32M – $1.76M
NOI $105,537 @ 7.0% cap · market cap 6.03%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Triplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Triplex - Multifamily property featuring three units, totaling 2,816 square feet.
Where is this triplex located?
The property is located at 230 NIETO AVE Long Beach, CA.
What is the asking price?
The asking price for this property is $1,750,000.
What are key features of this property?
This property features: Multifamily property featuring 3 units.; Offers a total living area of 2,816 SF.; Constructed in 1950.
