13-Unit Apartment Building with Ocean
For Sale
$4,950,000
3921 E Livingston, Long Beach, CA 90803
A coastal multifamily property with remodeled residences, balconies, and on-site laundry.
Property Size9,024 SF
Price / SF$548.54
Days on Market129
Property Features for 3921 E Livingston
General Information
Standard status
Active
Size
9,024 SF
Property subtype
Apartment
Site & Location
Neighborhood
Belmont Shore
Units
Unit Mix
1 x 2BR/1BA (penthouse), 12 x 1BR/1BA
Multifamily Units
13
Additional Details
Cap Rate
4.33%
Tenant in Place
Yes
Amenities
laundry facility
Building Details
Building Size
9,024 SF
Year Built
1923
Buildings
1
Listing Agency:
Engel & Volkers Burbank
(818) 468-8908
Listed By:
Linda Neino · License #01321196
(818) 409-1089
Source:
Zaiaestates
Added: Jun 21
Changed: Oct 26
Last Checked: Oct 26 at 2:18PM
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 Engel & Volkers Burbank
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Investment Insights
Based on property information with market context.
This 13-unit apartment building in Long Beach contains twelve one-bedroom, one-bath residences and a penthouse with two bedrooms, one bath, and a deck. The 9,024-square-foot property was built in 1923, and approximately 80% of the units have been remodeled. Units include dining areas and two walk-in closets; top-floor residences have fireplaces. A laundry facility on site is equipped with two washers and two dryers.
Located two blocks from the beach, the building has front-facing units with ocean views and private balconies, while some side units offer partial ocean views. The property is at 3921 E Livingston in Long Beach, California.
Located two blocks from the beach, the building has front-facing units with ocean views and private balconies, while some side units offer partial ocean views. The property is at 3921 E Livingston in Long Beach, California.
Key Highlights
- 13‑unit apartment building
- 9,024 square feet; built in 1923
- Twelve one‑bedroom, one‑bath units and one two‑bedroom, one‑bath penthouse with deck
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$172,570
Cap Rate
3.49%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,451,400
$3.5M
Cap Rate 7%
$2,465,286
$2.5M
Cap Rate 9%
$1,917,444
$1.9M
Market Conditions
NOI Build-Up for 9,024 SF
Gross rent
$330.3K $36.60/SF
− Vacancy
−$16.5K −$1.83/SF
EGI
$313.8K $34.77/SF
− OpEx
−$141.2K −$15.65/SF
NOI
$172.6K $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%
$3,451,400
Cap Rate 7%
$2,465,286
Cap Rate 9%
$1,917,444
Alternative Uses
Best Use
Apartment 5plus
$2.47M
$2.16M – $2.88M
NOI $172,570 @ 7.0% cap · market cap 3.49%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$4.83M
$4.23M – $5.64M
NOI $338,199 @ 7.0% cap · market cap 6.83%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
Who owns this building?
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Lease Details
13
Residential units
Location Intelligence
Trade Area within ½ mile
1,235
Businesses Nearby
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Business Placement
Demographics for 90803, CA
32,192
Population
18,516
Households
1.7
Avg Household Size
46
Median Age
61%
College-Educated
95%
High-School Grad
4.1 sq mi
ZIP Area
7,852
Density / Sq Mi
$111,500
Median Household Income
$73,944
Median Earnings
$2,073
Median Rent
$1,138,300
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 - A coastal multifamily property with remodeled residences, balconies, and on-site laundry.
Where is this apartment building located?
The property is located at 3921 E Livingston Long Beach, CA.
What is the asking price?
The asking price for this property is $4,950,000.
What are key features of this property?
This property features: 13‑unit apartment building; 9,024 square feet; built in 1923; Twelve one‑bedroom, one‑bath units and one two‑bedroom, one‑bath penthouse with deck
