Standalone-Style Triplex With Private
For Sale
$1,600,000
3711 Lemon, Long Beach, CA 90807
Long Beach, CA
Property Size3,259 SF
Lot Size0.22 Acres
Price / SF$490.95
Days on Market154
Property Features for 3711 Lemon
General Information
Property type
Residential Multi Family
Property subtype
Triplex
Bedrooms
7
Bathrooms
5
Full bathrooms
5
Rooms
Bedroom 3, Bedroom 7, Bathroom 2, Bathroom 3, Bathroom 5, Bedroom 2, Laundry Room, Bathroom 1, Bedroom 4, Bathroom 4, Den, Bedroom 5, Bedroom 6, Bedroom 1
Parking
8
Parking features
Driveway, Garage
Patio and Porch features
Patio
Interior features
Built-in Features, Ceiling Fan(s)
Fencing
Privacy
Fireplace
1
Appliances
Gas Cooktop
Subdivision
California Heights (CH)
Lot features
Lot 6500-9999, Rectangular Lot, Level, Near Public Transit, Front Yard, Walkstreet, Back Yard, Yard
Elementary school
Longfellow
Middle school
Hughes
High school
Polytechnic
Elementary school district
Long Beach Unified
Middle school district
Long Beach Unified
High school district
Long Beach Unified
Directions
South of Bixby Rd, North of 37th on Lemon
Standard status
Active
APN
7146004015
Size
3,259 SF
Lot size
0.22 Acres
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Central
Cooling system
Wall/Window Unit(s), Window Unit(s)
Water source
Public
Building Details
Year built
1947
Floors in Building
1
Number of units
3
Flooring type
Wood, Carpet
Additional Structures
Storage
Listing Agency:
Keller Williams Pacific Estate · Keller Williams Realty
(562) 513-7800
Listed By:
Susan Wyant · License #01880319
(562) 716-6633
Added: Mar 29
Changed: Aug 28
Last Checked: Aug 29 at 12:06PM
MLS# PW26080970
Copyright © 2026 California Regional Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 1947 triplex comprises three separate residences totaling 3,259 square feet on three parcels measuring 0.2203 acres. The front residence includes three bedrooms, two bathrooms, a den, fireplace, wood flooring, patio, and private backyard. A second residence sits above three separate one-car garages and provides three bedrooms, two bathrooms, and an updated kitchen with granite countertops. The third is a one-bedroom, one-bathroom cottage with vaulted ceilings, a private yard, one-vehicle parking, and two dedicated storage units.
Each residence has its own electric and gas meter. Additional property features include central heating, window or wall units for cooling, public water, public sewer, driveway parking, privacy fencing, and a gas cooktop. The property is located at 3711 Lemon in Long Beach’s California Heights area within the broader Bixby Knolls neighborhood, with access to shopping, dining, essential services, public transportation, major thoroughfares, and Long Beach Airport.
Each residence has its own electric and gas meter. Additional property features include central heating, window or wall units for cooling, public water, public sewer, driveway parking, privacy fencing, and a gas cooktop. The property is located at 3711 Lemon in Long Beach’s California Heights area within the broader Bixby Knolls neighborhood, with access to shopping, dining, essential services, public transportation, major thoroughfares, and Long Beach Airport.
Key Highlights
- Three residences totaling 3,259 square feet on three parcels
- 0.2203‑acre property with three distinct residential units
- Front residence includes 3 bedrooms, 2 bathrooms, den, fireplace, patio, and private backyard
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
$70,071
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
4.38%
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%
$1,401,420
$1.4M
Cap Rate 7%
$1,001,014
$1.0M
Cap Rate 9%
$778,567
$778.6K
Market Conditions
NOI Build-Up for 3,259 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
$105.6K $32.40/SF
− Vacancy
−$5.5K −$1.68/SF
EGI
$100.1K $30.72/SF
− OpEx
−$30.0K −$9.21/SF
NOI
$70.1K $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%
$1,401,420
Cap Rate 7%
$1,001,014
Cap Rate 9%
$778,567
Alternative Uses
Best Use
Multifamily LT 5
$1.00M
$875.9K – $1.17M
NOI $70,071 @ 7.0% cap · market cap 4.38%
Second Best
Apartment 5plus
$890.3K
$779.0K – $1.04M
NOI $62,323 @ 7.0% cap · market cap 3.90%
Theoretical Best
Office A
$1.74M
$1.53M – $2.04M
NOI $122,140 @ 7.0% cap · market cap 7.63%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
2,714
Businesses Nearby
Explore this area
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
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Triplex - Three separate residences offer distinct living spaces, garages, storage, and individually metered electric and gas service.
Where is this triplex located?
The property is located at 3711 Lemon Long Beach, CA.
What is the asking price?
The asking price for this property is $1,600,000.
What are key features of this property?
This property features: Three residences totaling 3,259 square feet on three parcels; 0.2203‑acre property with three distinct residential units; Front residence includes 3 bedrooms, 2 bathrooms, den, fireplace, patio, and private backyard
