Two-Unit Duplex with Private
New
For Sale
$1,049,000
3234 Locust Ave, Long Beach, CA 90807
Residential Income, Traditional, Long Beach, CA
Property Size2,539 SF
Lot Size0.17 Acres
Price / SF$413.15
Days on Market2
Property Features for 3234 Locust Ave
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
LBR1N
Bedrooms
5
Bathrooms
3
Full bathrooms
4
Rooms
Bathroom 3, Bathroom 1, Bathroom 2, Bedroom 1, Bedroom 2, Bedroom 5, Bathroom 4, Bedroom 3, Bedroom 4
Parking
6
Parking features
Garage - Attached, Driveway, Garage, Open
Fireplace
1
Appliances
Cooktop - Gas, Microwave, Oven
Lot features
Curbs, Front Yard, Gutters, Landscaped, Back Yard
Elementary school district
Long Beach Unified
Middle school district
Long Beach Unified
High school district
Long Beach Unified
Directions
405 Fwy, exit Long Beach Blvd; north to E 32nd St; west to Locust Ave.
Subdivision
Wrigley
Standard status
Active
APN
7204-010-032
Size
2,539 SF
Lot size
0.17 Acres
Utilities
Heating system
Central
Cooling system
Central Air
Amenities
central air and heat
alarm system
laundry area
private outdoor space
stainless steel appliances
gated entrance
coded entry
copper plumbing
mature landscaping
Building Details
Year built
1976
Floors in Building
1
Number of units
2
Flooring type
Vinyl, Laminate, Tile
Architectural style
Other
Listing Agency:
Queen Bee Brokers
Listed By:
Jennifer Jaye Fraser · License #01805318
(310) 877-3800
Added: Oct 20
Changed: Oct 21
Last Checked: Oct 21 at 7:06AM
MLS# 26101773
Copyright © 2026 The MLS/CLAW. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This Long Beach duplex contains two residences totaling 2,539 square feet on a 7,272-square-foot lot. The front home has three bedrooms and two bathrooms; the rear home has two bedrooms and one bathroom. Both have private entrances, laundry areas, outdoor space, central heating and air conditioning, and garage access. Gas and electricity are separately metered, and the property includes four garage spaces, copper plumbing, and a gated front entry with coded access.
The homes are near shopping, dining, parks, and major freeways. The property has alley access, mature landscaping, no HOA, and LBR1N zoning. Both residences are offered vacant and the sale is as-is.
The homes are near shopping, dining, parks, and major freeways. The property has alley access, mature landscaping, no HOA, and LBR1N zoning. Both residences are offered vacant and the sale is as-is.
Key Highlights
- Two residences with 3 bedrooms and 2 bathrooms in the front home and 2 bedrooms and 1 bathroom in the rear
- 2,539 square feet of building area on a 7,272‑square‑foot lot
- Four garage spaces and alley access
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$54,590
Cap Rate
5.20%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,091,800
$1.1M
Cap Rate 7%
$779,857
$779.9K
Cap Rate 9%
$606,556
$606.6K
Market Conditions
NOI Build-Up for 2,539 SF
Gross rent
$82.3K $32.40/SF
− Vacancy
−$4.3K −$1.68/SF
EGI
$78.0K $30.72/SF
− OpEx
−$23.4K −$9.21/SF
NOI
$54.6K $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%
$1,091,800
Cap Rate 7%
$779,857
Cap Rate 9%
$606,556
Alternative Uses
Best Use
Multifamily LT 5
$779.9K
$682.4K – $909.8K
NOI $54,590 @ 7.0% cap · market cap 5.20%
Second Best
Apartment 5plus
$693.6K
$606.9K – $809.3K
NOI $48,555 @ 7.0% cap · market cap 4.63%
Theoretical Best
Office A
$1.36M
$1.19M – $1.59M
NOI $95,156 @ 7.0% cap · market cap 9.07%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Lease Details
2
Residential units
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
3,295
Businesses Nearby
Explore this area
Business Placement
Demographics for 90807, CA
32,412
Population
13,345
Households
2.4
Avg Household Size
41
Median Age
45%
College-Educated
90%
High-School Grad
4.4 sq mi
ZIP Area
7,366
Density / Sq Mi
$95,079
Median Household Income
$56,392
Median Earnings
$1,892
Median Rent
$832,200
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Duplex - Both homes will be vacant at closing, with separate entrances, laundry areas, and outdoor spaces.
Where is this duplex located?
The property is located at 3234 Locust Ave Long Beach, CA.
What is the asking price?
The asking price for this property is $1,049,000.
What are key features of this property?
This property features: Two residences with 3 bedrooms and 2 bathrooms in the front home and 2 bedrooms and 1 bathroom in the rear; 2,539 square feet of building area on a 7,272‑square‑foot lot; Four garage spaces and alley access
