Prime Area Fourplex in Long
For Sale
$2,000,000
Pending
2718 E 2nd, Long Beach, CA 90803
Professionally managed fourplex with spacious units and modern upgrades.
Property Size5,600 SF
Days on Market100
Property Features for 2718 E 2nd
General Information
Standard status
Pending
Size
5,600 SF
Property subtype
Investment
Building Details
Year Built
1925
Listing Agency:
Coldwell Banker Coastal Alliance
(562) 961-1258
Listed By:
Howard Flowers · License #00590574
(562) 961-1258
Source:
Elliman
Added: Apr 24
Changed: Jul 10
Last Checked: Jul 23 at 11:38AM
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 Coldwell Banker Coastal Alliance
Investment Insights
Based on property information with market context.
This fourplex is located in a prime area and is professionally managed and maintained. Each of the four units features two bedrooms and one bathroom, with each unit offering 1400 square feet of living space. The units include a living room, dining room, inside laundry, hardwood floors, and a breakfast nook in the kitchen. Architectural details include 9-foot ceilings with crown molding. Each unit also has a patio. The property includes a common area backyard and five single-car garages. The property has had the concrete foundation replaced, along with new copper plumbing, new electrical wiring, and a new F/F heating system. The location is considered very walkable with a walk score of 87 and bikeable with a bike score of 59. The transit score is 50, indicating good transit options.
Key Highlights
- Spacious units: All units are 2‑bedroom, 1‑bath, 1400 sq ft.
- Significant renovations: Replaced concrete foundation, new copper plumbing, and new electrical wiring.
- Features include inside laundry, hardwood floors, breakfast nook, 9ft ceilings with crown molding, and a patio.
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 | $181.4k | $32.40 |
| − Vacancy | −$9.4k | −$1.68 |
| EGI | $172.0k | $30.72 |
| − OpEx | −$51.6k | −$9.21 |
| NOI | $120.4k | $21.50 |
5,600 SF · lease $32.40/SF/yr · vacancy 5.20% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$1.72M
$1.51M – $2.01M
NOI $120,404 @ 7.0% cap · market cap 6.02%
Second Best
Apartment 5plus
$1.53M
$1.34M – $1.78M
NOI $107,092 @ 7.0% cap · market cap 5.35%
Theoretical Best
Office A
$3.00M
$2.62M – $3.50M
NOI $209,875 @ 7.0% cap · market cap 10.49%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,505
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
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Quadplex - Professionally managed fourplex with spacious units and modern upgrades.
Where is this quadplex located?
The property is located at 2718 E 2nd Long Beach, CA.
What is the asking price?
The asking price for this property is $2,000,000.
What are key features of this property?
This property features: Spacious units: All units are 2‑bedroom, 1‑bath, 1400 sq ft.; Significant renovations: Replaced concrete foundation, new copper plumbing, and new electrical wiring.; Features include inside laundry, hardwood floors, breakfast nook, 9ft ceilings with crown molding, and a patio.
