Multifamily Property with Three
For Sale
Contact for pricing
230 NIETO AVE, Long Beach, CA 90803
Multifamily property featuring three units, totaling 2,816 square feet.
Property Size2,816 SF
Price / SF$621.45
Days on Market153
Property Features for 230 NIETO AVE
General Information
Standard status
Active
Size
2,816 SF
Property subtype
Multifamily
Occupancy
100%
Building Details
Year Built
1950
Buildings
1
Units
3
Listing Agency:
KW Commercial
Listed By:
Mark Beat · License #01467690
Source:
Crexi
Added: May 20
Changed: Oct 5
Last Checked: Oct 19 at 7:05AM
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
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Review the available facts, identify missing information and prepare questions for the agent.
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.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$60,546
Cap Rate
3.46%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,210,920
$1.2M
Cap Rate 7%
$864,943
$864.9K
Cap Rate 9%
$672,733
$672.7K
Market Conditions
NOI Build-Up for 2,816 SF
Gross rent
$91.2K $32.40/SF
− Vacancy
−$4.7K −$1.68/SF
EGI
$86.5K $30.72/SF
− OpEx
−$25.9K −$9.21/SF
NOI
$60.5K $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%
$1,210,920
Cap Rate 7%
$864,943
Cap Rate 9%
$672,733
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 authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Location Intelligence
Trade Area within ½ mile
1,500
Businesses Nearby
Explore this area
Business Placement
Demographics for 90803, CA
32,192
Population
18,516
Households
1.7
Avg Household Size
46
Median Age
61%
College-Educated
95%
High-School Grad
4.1 sq mi
ZIP Area
7,852
Density / Sq Mi
$111,500
Median Household Income
$73,944
Median Earnings
$2,073
Median Rent
$1,138,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
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.
