Residential Income
For Sale
$1,450,000
3 Euclid Avenue, Long Beach, CA 90803
Residential income property with access from Ocean Boulevard, Termino Avenue, and Euclid Avenue.
Property Size2,732 SF
Days on Market228
Property Features for 3 Euclid Avenue
General Information
Standard status
Active
Size
2,732 SF
Total Parking Spaces
2
Property subtype
Residential Income
Site & Location
Neighborhood
Belmont Heights
Amenities
Curbs, Sidewalks
Decorative
Building Details
Building Size
2,732 SF
Year Built
1928
Buildings
12
Stories
2
Listing Agency:
Pabst, Kinney & Associates
Listed By:
Kristie Pabst · License #00804122
(562) 987-3244
Source:
Evrealestate
Added: Mar 16
Changed: Oct 25
Last Checked: Oct 28 at 7:38AM
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 Pabst, Kinney & Associates
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Investment Insights
Based on property information with market context.
This residential income property is located at 3 Euclid Avenue in Long Beach, California. The property was constructed in 1928 and is identified within Los Angeles County.
Access is available by traveling west along Ocean Boulevard from Belmont Shore, turning onto Termino Avenue, and continuing to Euclid Avenue. The interior-features record includes conflicting entries, so no specific interior improvements are described.
Access is available by traveling west along Ocean Boulevard from Belmont Shore, turning onto Termino Avenue, and continuing to Euclid Avenue. The interior-features record includes conflicting entries, so no specific interior improvements are described.
Key Highlights
- Built in 1928
- Located at 3 Euclid Avenue, Long Beach, CA 90803
- Access from Ocean Boulevard, Termino Avenue, and Euclid Avenue
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$52,245
Cap Rate
3.60%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,044,900
$1.0M
Cap Rate 7%
$746,357
$746.4K
Cap Rate 9%
$580,500
$580.5K
Market Conditions
NOI Build-Up for 2,732 SF
Gross rent
$100.0K $36.60/SF
− Vacancy
−$5.0K −$1.83/SF
EGI
$95.0K $34.77/SF
− OpEx
−$42.7K −$15.65/SF
NOI
$52.2K $19.12/SF
Area
Long Beach, CA
Vacancy
5.00%
Lease Rate
$36.60 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,044,900
Cap Rate 7%
$746,357
Cap Rate 9%
$580,500
Alternative Uses
Best Use
Apartment 5plus
$746.4K
$653.1K – $870.8K
NOI $52,245 @ 7.0% cap · market cap 3.60%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.46M
$1.28M – $1.71M
NOI $102,389 @ 7.0% cap · market cap 7.06%
Zoning and permitted uses should be independently verified with authorities.
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Location Intelligence
Trade Area within ½ mile
967
Businesses Nearby
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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
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Frequently Asked Questions
What type of property is this?
Residential income property - Residential income property with access from Ocean Boulevard, Termino Avenue, and Euclid Avenue.
Where is this residential income property located?
The property is located at 3 Euclid Avenue Long Beach, CA.
What is the asking price?
The asking price for this property is $1,450,000.
What are key features of this property?
This property features: Built in 1928; Located at 3 Euclid Avenue, Long Beach, CA 90803; Access from Ocean Boulevard, Termino Avenue, and Euclid Avenue
