Duplex With Detached
For Sale
$1,410,000
3633 Lime, Long Beach, CA 90807
Two residences offer separate kitchens, laundry hookups, and dedicated garage space.
Property Size2,614 SF
Price / SF$539.40
Days on Market114
Property Features for 3633 Lime
General Information
Standard status
Active
Size
2,614 SF
Total Parking Spaces
3
Property subtype
MULTI_FAMILY
Site & Location
Neighborhood
California Heights
Units
Unit Mix
1 x 2BR/2BA, 1 x 2BR/1.5BA
Multifamily Units
2
Building Details
Building Size
2,614 SF
Year Built
1952
Listing Agency:
Keller Williams Realty
Listed By:
Raghda Ali · License #02103857
(714) 332-9993
Source:
Condosalesexperts
Added: Jul 7
Changed: Oct 26
Last Checked: Oct 26 at 2:23PM
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 Keller Williams Realty
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Investment Insights
Based on property information with market context.
This two-unit duplex in Long Beach has a two-bedroom, two-bath residence at the rear and a two-bedroom, one-and-a-half-bath residence at the front. Each unit includes living and dining areas, a kitchen with tile countertops, laundry hookups, walk-in bedroom closets, and ceiling fans. The rear unit also has a pantry and an eat-in kitchen.
Detached garages provide two spaces for the front residence and one for the rear. The property is in the California Heights neighborhood and was built in 1952. Separate residential layouts and garage access distinguish the two units while retaining individual laundry hookups for each residence.
Detached garages provide two spaces for the front residence and one for the rear. The property is in the California Heights neighborhood and was built in 1952. Separate residential layouts and garage access distinguish the two units while retaining individual laundry hookups for each residence.
Key Highlights
- Two residential units, each with two bedrooms
- Front unit has 1.5 bathrooms; rear unit has 2 bathrooms
- Three detached garage spaces: two for the front unit and one for the rear
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$56,203
Cap Rate
3.99%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,124,060
$1.1M
Cap Rate 7%
$802,900
$802.9K
Cap Rate 9%
$624,478
$624.5K
Market Conditions
NOI Build-Up for 2,614 SF
Gross rent
$84.7K $32.40/SF
− Vacancy
−$4.4K −$1.68/SF
EGI
$80.3K $30.72/SF
− OpEx
−$24.1K −$9.21/SF
NOI
$56.2K $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 Rate 5%
$1,124,060
Cap Rate 7%
$802,900
Cap Rate 9%
$624,478
Alternative Uses
Best Use
Multifamily LT 5
$802.9K
$702.5K – $936.7K
NOI $56,203 @ 7.0% cap · market cap 3.99%
Second Best
Apartment 5plus
$714.1K
$624.9K – $833.2K
NOI $49,989 @ 7.0% cap · market cap 3.55%
Theoretical Best
Office A
$1.40M
$1.22M – $1.63M
NOI $97,967 @ 7.0% cap · market cap 6.95%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
2,766
Businesses Nearby
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Business Placement
Demographics for 90807, CA
32,412
Population
13,345
Households
2.4
Avg Household Size
41
Median Age
45%
College-Educated
90%
High-School Grad
4.4 sq mi
ZIP Area
7,366
Density / Sq Mi
$95,079
Median Household Income
$56,392
Median Earnings
$1,892
Median Rent
$832,200
Median Home Value
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Duplex - Two residences offer separate kitchens, laundry hookups, and dedicated garage space.
Where is this duplex located?
The property is located at 3633 Lime Long Beach, CA.
What is the asking price?
The asking price for this property is $1,410,000.
What are key features of this property?
This property features: Two residential units, each with two bedrooms; Front unit has 1.5 bathrooms; rear unit has 2 bathrooms; Three detached garage spaces: two for the front unit and one for the rear
