1922 Four-Unit Residential Income
For Sale
$1,300,000
325 E 14th, Long Beach, CA 90813
For sale four-unit property with four 1-bedroom, 1-bath layouts in a walkable, transit-served area.
Property Size2,764 SF
Days on Market81
Property Features for 325 E 14th
General Information
Standard status
Active
Size
2,764 SF
Property subtype
Investment
Additional Details
Multifamily Units
4
Building Details
Building Size
2,764 SF
Year Built
1922
Stories
2
Units
4
Tenancy
Multi
Listing Agency:
(310) 925-0705
Listed By:
Holley Norman
Source:
Elliman
Added: Jun 12
Changed: Aug 27
Last Checked: Aug 30 at 8:13PM
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 Holley Norman
Investment Insights
Based on property information with market context.
325 E 14th Street presents a 1922 four-unit residential income building configured as four separate 1-bedroom, 1-bathroom apartments. The property is set up for straightforward tenant occupancy, and the layout also supports an owner-occupant approach where one unit can be lived in while the remaining units generate rental income.
Located about a five-minute walk from the Anaheim Metro A-Line Station, the building is positioned near the Anaheim Street Corridor and the newly renovated Poly Plaza. WalkScore is listed at 87 (very walkable), transitScore at 70 (excellent transit), and bikeScore at 76 (very bikeable), reinforcing convenient access for tenants and visitors.
This is a practical fit for investors seeking a small, multi-unit asset or for buyers interested in owning a fourplex with the option to live on-site. The public remarks also note the possibility of additional contiguous parcels as part of a larger assemblage, with details available in the private remarks. Please do not disturb tenants; schedule showings through proper channels.
Located about a five-minute walk from the Anaheim Metro A-Line Station, the building is positioned near the Anaheim Street Corridor and the newly renovated Poly Plaza. WalkScore is listed at 87 (very walkable), transitScore at 70 (excellent transit), and bikeScore at 76 (very bikeable), reinforcing convenient access for tenants and visitors.
This is a practical fit for investors seeking a small, multi-unit asset or for buyers interested in owning a fourplex with the option to live on-site. The public remarks also note the possibility of additional contiguous parcels as part of a larger assemblage, with details available in the private remarks. Please do not disturb tenants; schedule showings through proper channels.
Key Highlights
- 1922‑built 4‑unit property with four 1‑bedroom, 1‑bath layouts
- Located within a 5‑minute walk of the Anaheim Metro A‑Line Station
- Close to the Anaheim Street Corridor and the newly renovated Poly Plaza
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
$63,530
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
4.89%
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%
$1,270,600
$1.3M
Cap Rate 7%
$907,571
$907.6K
Cap Rate 9%
$705,889
$705.9K
Market Conditions
NOI Build-Up for 2,764 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
$94.5K $34.20/SF
− Vacancy
−$3.8K −$1.36/SF
EGI
$90.8K $32.84/SF
− OpEx
−$27.2K −$9.85/SF
NOI
$63.5K $22.98/SF
Area
ZIP 90813
Vacancy
3.99%
Lease Rate
$34.20 /SF/Yr
Expense Ratio
30.00%
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%
$1,270,600
Cap Rate 7%
$907,571
Cap Rate 9%
$705,889
Alternative Uses
Best Use
Multifamily LT 5
$907.6K
$794.1K – $1.06M
NOI $63,530 @ 7.0% cap · market cap 4.89%
Second Best
Apartment 5plus
$836.4K
$731.8K – $975.8K
NOI $58,545 @ 7.0% cap · market cap 4.50%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
3,302
Businesses Nearby
Explore this area
Business Placement
Demographics for 90813, CA
54,565
Population
18,603
Households
2.9
Avg Household Size
32
Median Age
16%
College-Educated
63%
High-School Grad
3.1 sq mi
ZIP Area
17,602
Density / Sq Mi
$50,302
Median Household Income
$31,450
Median Earnings
$1,578
Median Rent
$543,700
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 - For sale four-unit property with four 1-bedroom, 1-bath layouts in a walkable, transit-served area.
Where is this quadplex located?
The property is located at 325 E 14th Long Beach, CA.
What is the asking price?
The asking price for this property is $1,300,000.
What are key features of this property?
This property features: 1922‑built 4‑unit property with four 1‑bedroom, 1‑bath layouts; Located within a 5‑minute walk of the Anaheim Metro A‑Line Station; Close to the Anaheim Street Corridor and the newly renovated Poly Plaza
