Updated Three-Unit
For Sale
$669,000
451 W 10th, Long Beach, CA 90813
Two one-bedroom residences and a studio are complemented by a private upper-level deck and additional outdoor space.
Property Size1,306 SF
Price / SF$512.25
Days on Market70
Property Features for 451 W 10th
General Information
Standard status
Active
Size
1,306 SF
Property subtype
Duplex
Site & Location
Neighborhood
Willmore
Highway Access
Yes
Units
Unit Mix
2 x 1BR, 1 x studio
Multifamily Units
3
Amenities
private deck
outdoor space
Building Details
Building Size
1,306 SF
Year Built
1910
Listing Agency:
First Team Real Estate
(323) 350-5770
Listed By:
Matthew Tilley · License #02071033
(562) 270-0688
Source:
Shimrealestate
Added: Aug 24
Changed: Oct 31
Last Checked: Oct 31 at 2:31PM
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 First Team Real Estate
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Built in 1910, this updated triplex comprises three separate residences: two one-bedroom units and a studio. The upper-level one-bedroom unit has a private deck, and the property includes additional outdoor space.
The property is near Downtown Long Beach and the beach, with access to the 710 Freeway. Restaurants, shopping, and entertainment are also nearby.
The property is near Downtown Long Beach and the beach, with access to the 710 Freeway. Restaurants, shopping, and entertainment are also nearby.
Key Highlights
- Three separate residences: two one‑bedroom units and one studio
- Built in 1910
- Private deck off the upper‑level one‑bedroom unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$30,018
Cap Rate
4.49%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$600,360
$600.4K
Cap Rate 7%
$428,829
$428.8K
Cap Rate 9%
$333,533
$333.5K
Market Conditions
NOI Build-Up for 1,306 SF
Gross rent
$44.7K $34.20/SF
− Vacancy
−$1.8K −$1.36/SF
EGI
$42.9K $32.84/SF
− OpEx
−$12.9K −$9.85/SF
NOI
$30.0K $22.98/SF
Area
ZIP 90813
Vacancy
3.99%
Lease Rate
$34.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$600,360
Cap Rate 7%
$428,829
Cap Rate 9%
$333,533
Alternative Uses
Best Use
Multifamily LT 5
$428.8K
$375.2K – $500.3K
NOI $30,018 @ 7.0% cap · market cap 4.49%
Second Best
Apartment 5plus
$395.2K
$345.8K – $461.1K
NOI $27,663 @ 7.0% cap · market cap 4.13%
Theoretical Best
—
—
same as Best Use
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
3
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
3,434
Businesses Nearby
Explore this area
Business Placement
Demographics for 90813, CA
54,565
Population
18,603
Households
2.9
Avg Household Size
32
Median Age
16%
College-Educated
63%
High-School Grad
3.1 sq mi
ZIP Area
17,602
Density / Sq Mi
$50,302
Median Household Income
$31,450
Median Earnings
$1,578
Median Rent
$543,700
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
Frequently Asked Questions
What type of property is this?
Triplex - Two one-bedroom residences and a studio are complemented by a private upper-level deck and additional outdoor space.
Where is this triplex located?
The property is located at 451 W 10th Long Beach, CA.
What is the asking price?
The asking price for this property is $669,000.
What are key features of this property?
This property features: Three separate residences: two one‑bedroom units and one studio; Built in 1910; Private deck off the upper‑level one‑bedroom unit
