Six-Unit Apartment
For Sale
$1,595,000
3622 E 11th, Long Beach, CA 90804
Remodeled multifamily property with varied unit layouts, private outdoor areas, laundry amenities, and dedicated parking.
Property Size3,800 SF
Days on Market56
Property Features for 3622 E 11th
General Information
Standard status
Active
Size
3,800 SF
Net Rentable
3,800 SF
Total Parking Spaces
5
Property subtype
Apartment
Site & Location
Neighborhood
Recreation Park
Units
Unit Mix
4 x 1BR/1BA, 1 x 2BR/1BA, 1 x 2BR/1.5BA
Multifamily Units
6
Additional Details
Gross Rent Multiplier
11.14
Amenities
in-unit laundry
community laundry room
outdoor private spaces
Building Details
Building Size
3,800 SF
Year Built
1950
Stories
2
Listing Agency:
Buckingham Investments, Inc
Listed By:
Anthony Walker · License #01908153
(310) 561-4776
Source:
Nolanrossre.kw
Added: Sep 8
Changed: Oct 25
Last Checked: Nov 1 at 2:31AM
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 Buckingham Investments, Inc
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Investment Insights
Based on property information with market context.
Built in 1950, this six-unit apartment property offers 3,800 square feet of rentable space across a varied unit mix: four one-bedroom, one-bath residences, one two-bedroom, one-bath residence, and one two-bedroom, one-and-a-half-bath residence. Five units have been recently remodeled, while select residences include in-unit laundry. A shared laundry room provides an additional income source, and outdoor private spaces add usable residential amenities. Parking includes one enclosed garage and four surface spaces. Electrical sub-panels have also been replaced throughout the property.
The property is located at 3622 E 11th in Long Beach, near Cal State Long Beach, Traffic Circle, Wilson High, and Recreation Park. It sits one block from the greenbelt and north of Belmont Heights. The property is offered with an 11.14X GRM and may serve as a 1031 exchange up-leg property.
The property is located at 3622 E 11th in Long Beach, near Cal State Long Beach, Traffic Circle, Wilson High, and Recreation Park. It sits one block from the greenbelt and north of Belmont Heights. The property is offered with an 11.14X GRM and may serve as a 1031 exchange up-leg property.
Key Highlights
- Six‑unit apartment property with 3,800 square feet of rentable space
- Unit mix includes four 1 bed/1 bath, one 2 bed/1 bath, and one 2 bed/1.5 bath units
- Five of 6 units recently remodeled
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$72,669
Cap Rate
4.56%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,453,380
$1.5M
Cap Rate 7%
$1,038,129
$1.0M
Cap Rate 9%
$807,433
$807.4K
Market Conditions
NOI Build-Up for 3,800 SF
Gross rent
$139.1K $36.60/SF
− Vacancy
−$7.0K −$1.83/SF
EGI
$132.1K $34.77/SF
− OpEx
−$59.5K −$15.65/SF
NOI
$72.7K $19.12/SF
Area
Long Beach, CA
Vacancy
5.00%
Lease Rate
$36.60 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,453,380
Cap Rate 7%
$1,038,129
Cap Rate 9%
$807,433
Alternative Uses
Best Use
Apartment 5plus
$1.04M
$908.4K – $1.21M
NOI $72,669 @ 7.0% cap · market cap 4.56%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.03M
$1.78M – $2.37M
NOI $142,415 @ 7.0% cap · market cap 8.93%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
6
Residential units
Location Intelligence
Trade Area within ½ mile
2,156
Businesses Nearby
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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
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Apartment building - Remodeled multifamily property with varied unit layouts, private outdoor areas, laundry amenities, and dedicated parking.
Where is this apartment building located?
The property is located at 3622 E 11th Long Beach, CA.
What is the asking price?
The asking price for this property is $1,595,000.
What are key features of this property?
This property features: Six‑unit apartment property with 3,800 square feet of rentable space; Unit mix includes four 1 bed/1 bath, one 2 bed/1 bath, and one 2 bed/1.5 bath units; Five of 6 units recently remodeled
