Quadplex with Ground-Level
For Sale
Contact for pricing
Pending
350 Tile Avenue, Long Beach, CA 90802
Four-unit property with in-unit laundry and an additional non-conforming unit.
Property Size5,477 SF
Days on Market389
Property Features for 350 Tile Avenue
General Information
Standard status
Pending
Size
5,477 SF
Total Parking Spaces
9
Property subtype
Multifamily
Zoning
Assessor
Additional Details
Multifamily Units
4
Amenities
in-unit laundry
Building Details
Year Built
1987
Buildings
1
Stories
3
Units
4
Listing Agency:
Sage Real Estate
Listed By:
Juan Huizar · License #CA 01417642
(562) 307-0838
Source:
Crexi
Added: Aug 11, 2025
Changed: Aug 31
Last Checked: Aug 31 at 2:08AM
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 Sage Real Estate
Investment Insights
Based on property information with market context.
Built in 1987, this quadplex contains four residential units with more than 5,477 square feet of living space. Each unit includes in-unit laundry, and the property offers nine ground-level parking spaces. A non-conforming fifth unit provides additional income potential.
The property is located in the Alamitos Beach neighborhood of Long Beach, four blocks from the ocean. Its four-unit configuration may suit an owner-occupant or investor, with existing rental income generated by the units.
The property is located in the Alamitos Beach neighborhood of Long Beach, four blocks from the ocean. Its four-unit configuration may suit an owner-occupant or investor, with existing rental income generated by the units.
Key Highlights
- Four‑unit building with more than 5,477 sq. ft. of living space
- Built in 1987
- Nine ground‑level parking spaces
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
$117,759
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
6.37%
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%
$2,355,180
$2.4M
Cap Rate 7%
$1,682,271
$1.7M
Cap Rate 9%
$1,308,433
$1.3M
Market Conditions
NOI Build-Up for 5,477 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
$177.5K $32.40/SF
− Vacancy
−$9.2K −$1.68/SF
EGI
$168.2K $30.72/SF
− OpEx
−$50.5K −$9.21/SF
NOI
$117.8K $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%
$2,355,180
Cap Rate 7%
$1,682,271
Cap Rate 9%
$1,308,433
Alternative Uses
Best Use
Multifamily LT 5
$1.68M
$1.47M – $1.96M
NOI $117,759 @ 7.0% cap · market cap 6.37%
Second Best
Apartment 5plus
$1.50M
$1.31M – $1.75M
NOI $104,739 @ 7.0% cap · market cap 5.66%
Theoretical Best
Office A
$2.93M
$2.57M – $3.42M
NOI $205,266 @ 7.0% cap · market cap 11.10%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
2,182
Businesses Nearby
Explore this area
Business Placement
Demographics for 90802, CA
41,686
Population
25,055
Households
1.7
Avg Household Size
37
Median Age
44%
College-Educated
88%
High-School Grad
6.5 sq mi
ZIP Area
6,413
Density / Sq Mi
$72,152
Median Household Income
$52,011
Median Earnings
$1,855
Median Rent
$546,700
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 - Four-unit property with in-unit laundry and an additional non-conforming unit.
Where is this quadplex located?
The property is located at 350 Tile Avenue Long Beach, CA.
What is the asking price?
The asking price for this property is $1,849,000.
What are key features of this property?
This property features: Four‑unit building with more than 5,477 sq. ft. of living space; Built in 1987; Nine ground‑level parking spaces
