Renovated Four-Plex with Alley
For Sale
Contact for pricing
3371 E Andy, Long Beach, CA 90805
Four renovated units include granite kitchens, tile bathrooms, hardwood floors, and washer/dryer hookups, plus four alley garages.
Property Size5,200 SF
Price / SF$268.27
Days on Market101
Property Features for 3371 E Andy
General Information
Standard status
Active
Size
5,200 SF
Total Parking Spaces
4
Property subtype
Multifamily
Additional Details
Multifamily Units
4
Building Details
Tenancy
Multi
Listing Agency:
Kristina Moore Properties
Listed By:
Kristina Moore · License #01926377
Source:
Crexi
Added: Apr 24
Changed: Jul 22
Last Checked: Jul 23 at 3:07PM
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 Kristina Moore Properties
Investment Insights
Based on property information with market context.
This 1960s four-plex includes three 2-bedroom, 2-bath units and one 3-bedroom, 2-bath unit. All four units have been completely renovated with granite kitchens, tile bathrooms, hardwood flooring, new paint, and new windows. Each unit also features washer/dryer hookups, supporting convenient in-unit laundry setups.
The property has four garages accessed from an alley. It is situated in a mostly residential neighborhood, blocks away from Lakewood.
The property has four garages accessed from an alley. It is situated in a mostly residential neighborhood, blocks away from Lakewood.
Key Highlights
- 4‑plex with 3 two‑bedroom/2‑bath units and 1 three‑bedroom/2‑bath unit
- All four units renovated with granite kitchens, tile bathrooms, hardwood flooring, new paint, new windows, and more
- Approx. 1,300 SF per unit for a total of nearly 5,200 SF
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $140.4k | $27.00 |
| − Vacancy | −$6.0k | −$1.15 |
| EGI | $134.4k | $25.85 |
| − OpEx | −$40.3k | −$7.75 |
| NOI | $94.1k | $18.09 |
5,200 SF · lease $27.00/SF/yr · vacancy 4.27% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$1.34M
$1.18M – $1.57M
NOI $94,083 @ 7.0% cap · market cap 6.74%
Second Best
Apartment 5plus
$1.24M
$1.09M – $1.45M
NOI $86,855 @ 7.0% cap · market cap 6.23%
Theoretical Best
Office A
$1.56M
$1.36M – $1.82M
NOI $109,025 @ 7.0% cap · market cap 7.82%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
4
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,186
Businesses Nearby
Explore this area
Business Placement
Demographics for 90805, CA
95,350
Population
28,954
Households
3.3
Avg Household Size
34
Median Age
18%
College-Educated
74%
High-School Grad
7.4 sq mi
ZIP Area
12,885
Density / Sq Mi
$68,615
Median Household Income
$34,948
Median Earnings
$1,664
Median Rent
$588,500
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Quadplex - Four renovated units include granite kitchens, tile bathrooms, hardwood floors, and washer/dryer hookups, plus four alley garages.
Where is this quadplex located?
The property is located at 3371 E Andy Long Beach, CA.
What is the asking price?
The asking price for this property is $1,395,000.
What are key features of this property?
This property features: 4‑plex with 3 two‑bedroom/2‑bath units and 1 three‑bedroom/2‑bath unit; All four units renovated with granite kitchens, tile bathrooms, hardwood flooring, new paint, new windows, and more; Approx. 1,300 SF per unit for a total of nearly 5,200 SF
