Remodeled Manufactured
For Sale
$140,000
400 E Arbor Street E 502, Long Beach, CA 90805
Updated residence with equipped kitchen, included laundry appliances, mini-split systems, and private outdoor areas.
Property Size574 SF
Price / SF$243.90
Days on Market8
Property Features for 400 E Arbor Street E 502
General Information
Standard status
Active
Size
574 SF
Property subtype
Manufactured In Park
Additional Details
Multifamily Units
1
Amenities
washer and dryer
mini-split systems
deck
fenced yard
Building Details
Year Built
2010
Buildings
1
Construction
manufactured home
Listing Agency:
Excellence RE Real Estate, Inc.
(562) 948-4553
Listed By:
Ana Landgrave · License #01777777
(323) 972-5766
Source:
Kaleorealestate
Added: Sep 9
Changed: Sep 13
Last Checked: Sep 15 at 9:31AM
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 Excellence RE Real Estate, Inc.
Investment Insights
Based on property information with market context.
This 2010 manufactured home has undergone extensive interior and exterior updates. The residence includes fresh interior paint, waterproof flooring, new cabinets, a stove, refrigerator, microwave, washer, and dryer. New windows with blinds, updated doors, modern light fixtures, and two mini-split systems—one in the living room and one in the primary bedroom—complete the interior improvements.
Exterior features include new paint, a custom wood staircase and railings, a fenced yard finished with paver stones and synthetic turf, and a rear gray platform deck. The property is located at 400 E Arbor Street E, 502, in Long Beach, California.
Exterior features include new paint, a custom wood staircase and railings, a fenced yard finished with paver stones and synthetic turf, and a rear gray platform deck. The property is located at 400 E Arbor Street E, 502, in Long Beach, California.
Key Highlights
- 2010 manufactured home with extensive interior and exterior remodeling
- 574 property size as provided
- Kitchen includes new cabinets, stove, refrigerator, and microwave
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
$9,587
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
6.85%
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%
$191,740
$191.7K
Cap Rate 7%
$136,957
$137.0K
Cap Rate 9%
$106,522
$106.5K
Market Conditions
NOI Build-Up for 574 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
$18.3K $31.80/SF
− Vacancy
−$821 −$1.43/SF
EGI
$17.4K $30.37/SF
− OpEx
−$7.8K −$13.67/SF
NOI
$9.6K $16.70/SF
Area
ZIP 90805
Vacancy
4.50%
Lease Rate
$31.80 /SF/Yr
Expense Ratio
45.00%
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%
$191,740
Cap Rate 7%
$136,957
Cap Rate 9%
$106,522
Alternative Uses
Best Use
Apartment 5plus
$137.0K
$119.8K – $159.8K
NOI $9,587 @ 7.0% cap · market cap 6.85%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$171.9K
$150.4K – $200.6K
NOI $12,035 @ 7.0% cap · market cap 8.60%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
1,204
Businesses Nearby
Explore this area
Business Placement
Demographics for 90805, CA
95,350
Population
28,954
Households
3.3
Avg Household Size
34
Median Age
18%
College-Educated
74%
High-School Grad
7.4 sq mi
ZIP Area
12,885
Density / Sq Mi
$68,615
Median Household Income
$34,948
Median Earnings
$1,664
Median Rent
$588,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Residential income property - Updated residence with equipped kitchen, included laundry appliances, mini-split systems, and private outdoor areas.
Where is this residential income property located?
The property is located at 400 E Arbor Street E 502 Long Beach, CA.
What is the asking price?
The asking price for this property is $140,000.
What are key features of this property?
This property features: 2010 manufactured home with extensive interior and exterior remodeling; 574 property size as provided; Kitchen includes new cabinets, stove, refrigerator, and microwave
