Residential Income
For Sale
$1,650,000
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 Market175
Property Features for 3 Euclid Avenue
General Information
Standard status
Active
Size
2,732 SF
Total Parking Spaces
2
Property subtype
Residential Income
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: Aug 31
Last Checked: Sep 5 at 6:08AM
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
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 = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$52,245
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.17%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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
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.
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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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 3.17%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.46M
$1.28M – $1.71M
NOI $102,389 @ 7.0% cap · market cap 6.21%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
967
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
Questions? Ask Rey
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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 $1,650,000.
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
