Four-Unit Multifamily
New
For Sale
$2,400,000
2815 E 64th, Long Beach, CA 90805
Two-story configuration includes separate entrances and covered parking for each residence.
Property Size4,320 SF
Lot Size0.12 Acres
Price / SF$555.56
Days on Market3
Property Features for 2815 E 64th
General Information
Standard status
Active
Size
4,320 SF
Total Parking Spaces
4
Lot size
0.12 Acres
Property subtype
Apartment
Site & Location
Neighborhood
Ramona Park
Units
Unit Mix
4 x 3BR
Multifamily Units
4
Building Details
Building Size
4,320 SF
Year Built
1964
Buildings
1
Stories
2
Listing Agency:
Imperial 7 Realty
Listed By:
Reginald Essley · License #01398998
Source:
Archetyperealty
Added: Oct 28
Changed: Oct 30
Last Checked: Oct 30 at 2:07PM
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 Imperial 7 Realty
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Investment Insights
Based on property information with market context.
This two-story multifamily property contains four residential units across approximately 4,320 square feet of building area. The units were previously configured with three bedrooms each. Separate entrances serve the residences, and the property includes four covered parking spaces and outdoor areas. Built in 1964, the building sits on a 5,056-square-foot lot.
The property is located in North Long Beach, near major transportation corridors, shopping, and neighborhood amenities.
The property is located in North Long Beach, near major transportation corridors, shopping, and neighborhood amenities.
Key Highlights
- Four residential units in a two‑story building
- Approximately 4,320 square feet of building area on a 5,056‑square‑foot lot
- Previously configured with three bedrooms per unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$78,162
Cap Rate
3.26%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,563,240
$1.6M
Cap Rate 7%
$1,116,600
$1.1M
Cap Rate 9%
$868,467
$868.5K
Market Conditions
NOI Build-Up for 4,320 SF
Gross rent
$116.6K $27.00/SF
− Vacancy
−$5.0K −$1.15/SF
EGI
$111.7K $25.85/SF
− OpEx
−$33.5K −$7.75/SF
NOI
$78.2K $18.09/SF
Area
ZIP 90805
Vacancy
4.27%
Lease Rate
$27.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,563,240
Cap Rate 7%
$1,116,600
Cap Rate 9%
$868,467
Alternative Uses
Best Use
Multifamily LT 5
$1.12M
$977.0K – $1.30M
NOI $78,162 @ 7.0% cap · market cap 3.26%
Second Best
Apartment 5plus
$1.03M
$902.0K – $1.20M
NOI $72,157 @ 7.0% cap · market cap 3.01%
Theoretical Best
Office A
$1.29M
$1.13M – $1.51M
NOI $90,575 @ 7.0% cap · market cap 3.77%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
784
Businesses Nearby
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Business Placement
Demographics for 90805, CA
95,350
Population
28,954
Households
3.3
Avg Household Size
34
Median Age
18%
College-Educated
74%
High-School Grad
7.4 sq mi
ZIP Area
12,885
Density / Sq Mi
$68,615
Median Household Income
$34,948
Median Earnings
$1,664
Median Rent
$588,500
Median Home Value
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Quadplex - Two-story configuration includes separate entrances and covered parking for each residence.
Where is this quadplex located?
The property is located at 2815 E 64th Long Beach, CA.
What is the asking price?
The asking price for this property is $2,400,000.
What are key features of this property?
This property features: Four residential units in a two‑story building; Approximately 4,320 square feet of building area on a 5,056‑square‑foot lot; Previously configured with three bedrooms per unit
