6-Unit Apartment
New
For Sale
$1,050,000
45 E 69th, Long Beach, CA 90805
Unit mix includes one- and two-bedroom residences with convenient access to shopping and transportation.
Property Size3,194 SF
Days on Market6
Property Features for 45 E 69th
General Information
Standard status
Active
Size
3,194 SF
Property subtype
Mixed Use
Units
Unit Mix
5 x 1BR/1BA, 1 x 2BR/1BA
Multifamily Units
6
Additional Details
Highway Access
Yes
Building Details
Building Size
3,194 SF
Year Built
1953
Listing Agency:
Big Block Powerhouse Realty
Listed By:
Juan Beltran · License #01802418
(323) 562-7777
Source:
Truthrealty
Added: Sep 21
Changed: Sep 23
Last Checked: Sep 26 at 11:38AM
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
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 = 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
$53,349
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
5.08%
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%
$1,066,980
$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
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
$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 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%
$1,066,980
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 5.08%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$956.7K
$837.1K – $1.12M
NOI $66,967 @ 7.0% cap · market cap 6.38%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
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
Vacancy Rate% for Multifamily in West region
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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 $1,050,000.
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
