Four-Unit Multifamily
4445 Atlantic Ave Long Beach, CA 90807
New
For Sale
$1,350,000
Built in 1946, this four-unit property offers all two-bedroom, one-bath homes with four garage spaces.
Property Size3,256 SF
Lot Size0.18 Acres
Price / SF$414.62
Days on Market5
Property Features for 4445 Atlantic Ave
General Information
Standard status
Active
Size
3,256 SF
Lot size
0.18 Acres
Property subtype
Investment
Building Details
Year Built
1946
Listing Agency:
Marcus & Millichap - Orange County
(949) 419-3326
Listed By:
Tyler Leeson · License #(S):CA:01451551
(949) 419-3326
Source:
Elliman
Added: Jul 25
Changed: Jul 26
Last Checked: Jul 28 at 12:26PM
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 Marcus & Millichap - Orange County
Investment Insights
Based on property information with market context.
4445 Atlantic Avenue is a 4-unit multifamily property constructed in 1946. The unit mix consists of four two-bedroom, one-bath residences. Parking is provided through four garage spaces, with one space per unit.
The property is positioned directly across Atlantic Avenue from Bixby Knolls Shopping Center. The shopping center is anchored by Smart & Final Extra! and Marshalls, with additional restaurants, retailers, and service-oriented businesses nearby.
Residents are also within walking distance of ALDI and the year-round Uptown Bixby Knolls Certified Farmers Market. The asset benefits from its location along the Atlantic Avenue commercial corridor in Bixby Knolls, near California Heights to the south.
The property is positioned directly across Atlantic Avenue from Bixby Knolls Shopping Center. The shopping center is anchored by Smart & Final Extra! and Marshalls, with additional restaurants, retailers, and service-oriented businesses nearby.
Residents are also within walking distance of ALDI and the year-round Uptown Bixby Knolls Certified Farmers Market. The asset benefits from its location along the Atlantic Avenue commercial corridor in Bixby Knolls, near California Heights to the south.
Key Highlights
- Built in 1946, 4‑unit multifamily on a 0.18‑acre parcel with approx. 3,256 net rentable SF
- Unit mix: 4 two‑bedroom, one‑bath units
- Parking: 4 garage spaces (1 per unit), with parking separately monetized for additional revenue
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $105.5k | $32.40 |
| − Vacancy | −$5.5k | −$1.68 |
| EGI | $100.0k | $30.72 |
| − OpEx | −$30.0k | −$9.21 |
| NOI | $70.0k | $21.50 |
3,256 SF · lease $32.40/SF/yr · vacancy 5.20% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$1.00M
$875.1K – $1.17M
NOI $70,006 @ 7.0% cap · market cap 5.19%
Second Best
Apartment 5plus
$889.5K
$778.3K – $1.04M
NOI $62,266 @ 7.0% cap · market cap 4.61%
Theoretical Best
Office A
$1.74M
$1.53M – $2.03M
NOI $122,027 @ 7.0% cap · market cap 9.04%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Quadplex - Built in 1946, this four-unit property offers all two-bedroom, one-bath homes with four garage spaces.
Where is this quadplex located?
The property is located at 4445 Atlantic Ave Long Beach, CA.
What is the asking price?
The asking price for this property is $1,350,000.
What are key features of this property?
This property features: Built in 1946, 4‑unit multifamily on a 0.18‑acre parcel with approx. 3,256 net rentable SF; Unit mix: 4 two‑bedroom, one‑bath units; Parking: 4 garage spaces (1 per unit), with parking separately monetized for additional revenue
