6-Unit Apartment
45 E 69th, Long Beach, CA 90805
For Sale
$1,025,000
Unit mix includes one- and two-bedroom residences with convenient access to shopping and transportation.
Property Size3,194 SF
Days on Market55
Property Features for 45 E 69th
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Highway Access
Units
Unit Mix
Multifamily Units
Building Details
Building Size
Year Built
Listing Agency:
Big Block Powerhouse Realty
Listed By:
Juan Beltran · License CA #01802418
(818) 512-1126
Source:
Truthrealty
Added: Sep 21
Changed: Nov 8
Last Checked: Nov 12 at 2:37PM
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 Big Block Powerhouse Realty
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This Long Beach apartment property contains six units: five residences with one bedroom and one bathroom, plus one two-bedroom, one-bathroom residence. Constructed in 1953, the multifamily building offers a defined mix of smaller residential layouts within a single asset.
The property is located at 45 E 69th in Long Beach, with access to shopping, transportation, major freeways, and local amenities. Its six-unit configuration and established location provide a straightforward multifamily ownership profile.
The property is located at 45 E 69th in Long Beach, with access to shopping, transportation, major freeways, and local amenities. Its six-unit configuration and established location provide a straightforward multifamily ownership profile.
Key Highlights
- Six‑unit apartment property in Long Beach
- Five 1‑bedroom, 1‑bathroom units
- One 2‑bedroom, 1‑bathroom unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$53,349
Cap Rate
5.20%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,066,980
$1.1M
Cap Rate 7%
$762,129
$762.1K
Cap Rate 9%
$592,767
$592.8K
Market Conditions
NOI Build-Up for 3,194 SF
Gross rent
$101.6K $31.80/SF
− Vacancy
−$4.6K −$1.43/SF
EGI
$97.0K $30.37/SF
− OpEx
−$43.6K −$13.67/SF
NOI
$53.3K $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 Rate 5%
$1,066,980
Cap Rate 7%
$762,129
Cap Rate 9%
$592,767
Alternative Uses
Best Use
Apartment 5plus
$762.1K
$666.9K – $889.2K
NOI $53,349 @ 7.0% cap · market cap 5.20%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$956.7K
$837.1K – $1.12M
NOI $66,967 @ 7.0% cap · market cap 6.53%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
6
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
416
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
$588,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Average Price Trend$/SF for Apartment buildings in Long Beach, CA
Properties on Market for Apartment buildings in Long Beach
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Apartment building - Unit mix includes one- and two-bedroom residences with convenient access to shopping and transportation.
Where is this apartment building located?
The property is located at 45 E 69th Long Beach, CA.
What is the asking price?
The asking price for this property is $1,025,000.
What are key features of this property?
This property features: Six‑unit apartment property in Long Beach; Five 1‑bedroom, 1‑bathroom units; One 2‑bedroom, 1‑bathroom unit
