10-Unit Apartment
For Sale
$2,195,000
436 E Market, Long Beach, CA 90805
Three-building multifamily property with a new duplex, two fourplexes, individually metered utilities, and on-site tenant parking.
Property Size7,480 SF
Lot Size0.27 Acres
Days on Market182
Property Features for 436 E Market
General Information
Standard status
Active
Size
7,480 SF
Total Parking Spaces
10
Lot size
0.27 Acres
Property subtype
Apartment
Site & Location
Neighborhood
Addams
Highway Access
Yes
Utilities to Site
Yes
Units
Unit Mix
10 x 2BR/1BA
Multifamily Units
10
Amenities
laundry room
Building Details
Building Size
7,480 SF
Year Built
1964
Buildings
3
Listing Agency:
Pabst, Kinney & Associates
Listed By:
Kristie Pabst · License #00804122
(562) 547-2668
Source:
Truthrealty
Added: May 5
Changed: Oct 31
Last Checked: Nov 1 at 2:50PM
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 Pabst, Kinney & Associates
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Investment Insights
Based on property information with market context.
This apartment property comprises three separate buildings on an 11,889-square-foot lot. The front building is a 1,814-square-foot duplex completed in May 2024, with two 2-bedroom, 1-bath units measuring 907 square feet each and a shared laundry room. Water, gas, and electricity are separately metered for both units.
Two additional fourplex buildings are positioned behind the duplex. Originally constructed in 1964, each contains four 2-bedroom, 1-bath apartments, bringing the property total to 10 units. Ten on-site parking spaces serve the residential buildings. The property is located on E. Market Street in Long Beach, with access to the 710, 605, and 405 freeways.
Two additional fourplex buildings are positioned behind the duplex. Originally constructed in 1964, each contains four 2-bedroom, 1-bath apartments, bringing the property total to 10 units. Ten on-site parking spaces serve the residential buildings. The property is located on E. Market Street in Long Beach, with access to the 710, 605, and 405 freeways.
Key Highlights
- 10 total 2‑bedroom, 1‑bath apartment units
- New 1,814‑square‑foot duplex completed May 2024
- Two 4‑plex buildings, each with four units, originally constructed in 1964
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$135,335
Cap Rate
6.17%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,706,700
$2.7M
Cap Rate 7%
$1,933,357
$1.9M
Cap Rate 9%
$1,503,722
$1.5M
Market Conditions
NOI Build-Up for 7,480 SF
Gross rent
$202.0K $27.00/SF
− Vacancy
−$8.6K −$1.15/SF
EGI
$193.3K $25.85/SF
− OpEx
−$58.0K −$7.75/SF
NOI
$135.3K $18.09/SF
Area
ZIP 90805
Vacancy
4.27%
Lease Rate
$27.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,706,700
Cap Rate 7%
$1,933,357
Cap Rate 9%
$1,503,722
Alternative Uses
Best Use
Multifamily LT 5
$1.93M
$1.69M – $2.26M
NOI $135,335 @ 7.0% cap · market cap 6.17%
Second Best
Apartment 5plus
$1.78M
$1.56M – $2.08M
NOI $124,938 @ 7.0% cap · market cap 5.69%
Theoretical Best
Office A
$2.24M
$1.96M – $2.61M
NOI $156,829 @ 7.0% cap · market cap 7.14%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Lease Details
10
Residential units
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,193
Businesses Nearby
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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
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Apartment building - Three-building multifamily property with a new duplex, two fourplexes, individually metered utilities, and on-site tenant parking.
Where is this apartment building located?
The property is located at 436 E Market Long Beach, CA.
What is the asking price?
The asking price for this property is $2,195,000.
What are key features of this property?
This property features: 10 total 2‑bedroom, 1‑bath apartment units; New 1,814‑square‑foot duplex completed May 2024; Two 4‑plex buildings, each with four units, originally constructed in 1964
