8-Unit Apartment
For Sale
$1,999,000
3901 E 10th, Long Beach, CA 90804
The property includes on-site laundry, five garages, and a mix of one- and two-bedroom units.
Property Size7,373 SF
Days on Market50
Property Features for 3901 E 10th
General Information
Standard status
Active
Size
7,373 SF
Total Parking Spaces
5
Property subtype
Apartment
Units
Unit Mix
5 x 1BR/1BA, 3 x 2BR/1BA
Multifamily Units
8
Amenities
on-site laundry
Building Details
Building Size
7,373 SF
Year Built
1930
Listing Agency:
White Realty Associates
Listed By:
Dave Dumalski · License #00657189
Source:
Velocityrealtysd
Added: Aug 28
Changed: Oct 15
Last Checked: Oct 15 at 1:55AM
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 White Realty Associates
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Investment Insights
Based on property information with market context.
Built in 1930, this apartment property contains eight units: five with one bedroom and one bathroom, and three with two bedrooms and one bathroom. Five garages and on-site laundry are also part of the property.
Building updates include upgraded electrical panels, copper plumbing, and new exterior paint. Three units have been renovated. Recreation Park Golf Course is nearby.
Building updates include upgraded electrical panels, copper plumbing, and new exterior paint. Three units have been renovated. Recreation Park Golf Course is nearby.
Key Highlights
- Eight apartments: five 1‑bedroom/1‑bathroom units and three 2‑bedroom/1‑bathroom units
- Five garages
- On‑site laundry
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$140,998
Cap Rate
7.05%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,819,960
$2.8M
Cap Rate 7%
$2,014,257
$2.0M
Cap Rate 9%
$1,566,644
$1.6M
Market Conditions
NOI Build-Up for 7,373 SF
Gross rent
$269.9K $36.60/SF
− Vacancy
−$13.5K −$1.83/SF
EGI
$256.4K $34.77/SF
− OpEx
−$115.4K −$15.65/SF
NOI
$141.0K $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%
$2,819,960
Cap Rate 7%
$2,014,257
Cap Rate 9%
$1,566,644
Alternative Uses
Best Use
Apartment 5plus
$2.01M
$1.76M – $2.35M
NOI $140,998 @ 7.0% cap · market cap 7.05%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.95M
$3.45M – $4.61M
NOI $276,323 @ 7.0% cap · market cap 13.82%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
8
Residential units
Location Intelligence
Trade Area within ½ mile
2,154
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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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Apartment building - The property includes on-site laundry, five garages, and a mix of one- and two-bedroom units.
Where is this apartment building located?
The property is located at 3901 E 10th Long Beach, CA.
What is the asking price?
The asking price for this property is $1,999,000.
What are key features of this property?
This property features: Eight apartments: five 1‑bedroom/1‑bathroom units and three 2‑bedroom/1‑bathroom units; Five garages; On‑site laundry
