Six-Unit Apartment
For Sale
$1,699,000
Pending
4411 Linden Avenue, Long Beach, CA 90807
1954-built six-unit residential income property with 10 bedrooms and 6 bathrooms across multiple units.
Property Size3,956 SF
Lot Size0.21 Acres
Days on Market61
Property Features for 4411 Linden Avenue
General Information
Standard status
Pending
Size
3,956 SF
Lot size
0.21 Acres
Property subtype
Commercial/Industrial
Additional Details
Multifamily Units
6
Building Details
Year Built
1954
Listing Agency:
Team Fasnacht Realty
Listed By:
Alan Fasnacht · License #00542691
(562) 243-5948
Source:
Exitrealty
Added: Jul 8
Changed: Aug 25
Last Checked: Aug 24 at 3:59AM
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 Team Fasnacht Realty
Investment Insights
Based on property information with market context.
This six-unit apartment building was constructed in 1954 and is laid out with 10 bedrooms and 6 bathrooms across the units. The property has had recent ownership improvements, including replacement of six water heaters and change-out of 32 windows in 2018.
The listing notes that the lot also includes 4413 Linden Ave, and that all three nearby buildings are available: 4407 Linden Ave, 4411 Linden Ave, and 4322 Elm Ave. The cluster is offered by the same owners and is presented as a drive-by only opportunity.
BikeScore is reported at 34 (somewhat bikeable), WalkScore at 14 (car-dependent), and transitScore at 38 (some transit).
The listing notes that the lot also includes 4413 Linden Ave, and that all three nearby buildings are available: 4407 Linden Ave, 4411 Linden Ave, and 4322 Elm Ave. The cluster is offered by the same owners and is presented as a drive-by only opportunity.
BikeScore is reported at 34 (somewhat bikeable), WalkScore at 14 (car-dependent), and transitScore at 38 (some transit).
Key Highlights
- 1954‑built six‑unit residential income property with 10 bedrooms and 6 bathrooms across the units
- Building size of 3,956 SF on a 9,018 SF lot
- 2018 capital updates include six replaced water heaters and 32 windows changed out
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
$75,653
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
4.45%
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%
$1,513,060
$1.5M
Cap Rate 7%
$1,080,757
$1.1M
Cap Rate 9%
$840,589
$840.6K
Market Conditions
NOI Build-Up for 3,956 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
$144.8K $36.60/SF
− Vacancy
−$7.2K −$1.83/SF
EGI
$137.6K $34.77/SF
− OpEx
−$61.9K −$15.65/SF
NOI
$75.7K $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 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%
$1,513,060
Cap Rate 7%
$1,080,757
Cap Rate 9%
$840,589
Alternative Uses
Best Use
Apartment 5plus
$1.08M
$945.7K – $1.26M
NOI $75,653 @ 7.0% cap · market cap 4.45%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.12M
$1.85M – $2.47M
NOI $148,262 @ 7.0% cap · market cap 8.73%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
6
Residential units
Location Intelligence
Trade Area within ½ mile
2,100
Businesses Nearby
Explore this area
Business Placement
Demographics for 90807, CA
32,412
Population
13,345
Households
2.4
Avg Household Size
41
Median Age
45%
College-Educated
90%
High-School Grad
4.4 sq mi
ZIP Area
7,366
Density / Sq Mi
$95,079
Median Household Income
$56,392
Median Earnings
$1,892
Median Rent
$832,200
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?
Apartment building - 1954-built six-unit residential income property with 10 bedrooms and 6 bathrooms across multiple units.
Where is this apartment building located?
The property is located at 4411 Linden Avenue Long Beach, CA.
What is the asking price?
The asking price for this property is $1,699,000.
What are key features of this property?
This property features: 1954‑built six‑unit residential income property with 10 bedrooms and 6 bathrooms across the units; Building size of 3,956 SF on a 9,018 SF lot; 2018 capital updates include six replaced water heaters and 32 windows changed out
