Updated Craftsman
For Sale
$1,019,000
4027 East 11th Street, Long Beach, CA 90804
Two matching units feature open layouts and refreshed kitchens and bathrooms.
Property Size1,536 SF
Price / SF$663.41
Days on Market13
Property Features for 4027 East 11th Street
General Information
Standard status
Active
Size
1,536 SF
Total Parking Spaces
2
Property subtype
Residential Income
Zoning
Assessor
Net Operating Income
$58,200
Additional Details
Multifamily Units
2
Building Details
Year Built
1923
Buildings
2
Units
3
Construction
Craftsman
Listing Agency:
Y Realty
Listed By:
Albert Garcia · License #01955460
(877) 976-5348
Source:
Compass
Added: Aug 25
Changed: Sep 6
Last Checked: Sep 6 at 4:38PM
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 Y Realty
Investment Insights
Based on property information with market context.
This 1920s Craftsman has been remodeled into a two-unit property while retaining its original architectural character. Both residences follow matching floor plans and offer open-concept living areas, updated kitchens, new light-brown flooring, and renovated bathrooms.
Bathroom improvements include contemporary tilework, modern vanities, and updated plumbing. The consistent layouts and coordinated finishes create a uniform presentation across both units, supporting the property’s use as a duplex for an owner-occupant or investor.
Bathroom improvements include contemporary tilework, modern vanities, and updated plumbing. The consistent layouts and coordinated finishes create a uniform presentation across both units, supporting the property’s use as a duplex for an owner-occupant or investor.
Key Highlights
- 1920s Craftsman design retained through the remodel
- Two units with matching floor plans
- Open‑concept living areas in both residences
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
$33,025
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
3.24%
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%
$660,500
$660.5K
Cap Rate 7%
$471,786
$471.8K
Cap Rate 9%
$366,944
$366.9K
Market Conditions
NOI Build-Up for 1,536 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
$49.8K $32.40/SF
− Vacancy
−$2.6K −$1.68/SF
EGI
$47.2K $30.72/SF
− OpEx
−$14.2K −$9.21/SF
NOI
$33.0K $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%
$660,500
Cap Rate 7%
$471,786
Cap Rate 9%
$366,944
Alternative Uses
Best Use
Multifamily LT 5
$471.8K
$412.8K – $550.4K
NOI $33,025 @ 7.0% cap · market cap 3.24%
Second Best
Apartment 5plus
$419.6K
$367.2K – $489.6K
NOI $29,374 @ 7.0% cap · market cap 2.88%
Theoretical Best
Office A
$822.4K
$719.6K – $959.4K
NOI $57,566 @ 7.0% cap · market cap 5.65%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
2,302
Businesses Nearby
Explore this area
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
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two matching units feature open layouts and refreshed kitchens and bathrooms.
Where is this duplex located?
The property is located at 4027 East 11th Street Long Beach, CA.
What is the asking price?
The asking price for this property is $1,019,000.
What are key features of this property?
This property features: 1920s Craftsman design retained through the remodel; Two units with matching floor plans; Open‑concept living areas in both residences
