Vacant Side-by-Side
For Sale
Contact for pricing
3321 E 17th Street, Long Beach, CA 90804
Two vacant residences include rear alley access, detached garages, and a separate studio with a bathroom.
Property Size1,156 SF
Lot Size0.10 Acres
Price / SF$604.67
Days on Market128
Property Features for 3321 E 17th Street
General Information
Standard status
Active
Size
1,156 SF
Total Parking Spaces
2
Lot size
0.10 Acres
Property subtype
Multifamily
Zoning
Assessor
Units
Unit Mix
2 x 1BR/1BA
Multifamily Units
2
Additional Details
Asking Price
$699,000
Highway Access
Yes
Building Details
Year Built
1955
Buildings
1
Units
2
Listing Agency:
Real Brokerage Technologies, Inc.
Listed By:
Thomas Hernandez · License #01128792
(818) 986-7300
Source:
Crexi
Added: Apr 30
Changed: Aug 30
Last Checked: Sep 2 at 6:24PM
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 Real Brokerage Technologies, Inc.
Investment Insights
Based on property information with market context.
This duplex contains two side-by-side residences, each with one bedroom and one bathroom, totaling 1,156 square feet of living space. Both units are vacant, and the property sits on a 4,501-square-foot corner-style lot. Rear alley access serves two one-car garages, while an additional studio with a bathroom is positioned behind them; permits for that space are subject to buyer verification.
Constructed in 1955, the property is located in Long Beach near the coastline, Belmont Shore, Retro Row along the 4th Street Corridor, Downtown Long Beach, parks, beaches, coffee shops, and local boutiques. Pacific Coast Highway, the 405, and the 710 provide access to surrounding areas, including greater Los Angeles and Orange County.
Constructed in 1955, the property is located in Long Beach near the coastline, Belmont Shore, Retro Row along the 4th Street Corridor, Downtown Long Beach, parks, beaches, coffee shops, and local boutiques. Pacific Coast Highway, the 405, and the 710 provide access to surrounding areas, including greater Los Angeles and Orange County.
Key Highlights
- Two side‑by‑side 1‑bedroom, 1‑bath units with 1,156 sq. ft. of combined living space
- Both residences delivered vacant
- 4,501 sq. ft. corner‑style lot
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
$24,855
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
3.56%
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%
$497,100
$497.1K
Cap Rate 7%
$355,071
$355.1K
Cap Rate 9%
$276,167
$276.2K
Market Conditions
NOI Build-Up for 1,156 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
$37.5K $32.40/SF
− Vacancy
−$1.9K −$1.68/SF
EGI
$35.5K $30.72/SF
− OpEx
−$10.7K −$9.21/SF
NOI
$24.9K $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 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%
$497,100
Cap Rate 7%
$355,071
Cap Rate 9%
$276,167
Alternative Uses
Best Use
Multifamily LT 5
$355.1K
$310.7K – $414.3K
NOI $24,855 @ 7.0% cap · market cap 3.56%
Second Best
Apartment 5plus
$315.8K
$276.3K – $368.5K
NOI $22,107 @ 7.0% cap · market cap 3.16%
Theoretical Best
Office A
$618.9K
$541.6K – $722.1K
NOI $43,324 @ 7.0% cap · market cap 6.20%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,934
Businesses Nearby
Explore this area
Business Placement
Demographics for 90804, CA
39,370
Population
15,998
Households
2.5
Avg Household Size
33
Median Age
30%
College-Educated
75%
High-School Grad
2.2 sq mi
ZIP Area
17,895
Density / Sq Mi
$68,940
Median Household Income
$38,914
Median Earnings
$1,801
Median Rent
$673,600
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?
Duplex - Two vacant residences include rear alley access, detached garages, and a separate studio with a bathroom.
Where is this duplex located?
The property is located at 3321 E 17th Street Long Beach, CA.
What is the asking price?
The asking price for this property is $699,000.
What are key features of this property?
This property features: Two side‑by‑side 1‑bedroom, 1‑bath units with 1,156 sq. ft. of combined living space; Both residences delivered vacant; 4,501 sq. ft. corner‑style lot
