Side-by-Side
New
For Sale
$1,625,000
4611 E Colorado, Long Beach, CA 90814
Two distinct residences combine townhouse-style layouts with private garage parking and laundry hookups.
Property Size2,304 SF
Days on Market7
Property Features for 4611 E Colorado
General Information
Standard status
Active
Size
2,304 SF
Total Parking Spaces
3
Property subtype
Duplex
Site & Location
Neighborhood
Unassigned (Recreation Park Golf Course)
Units
Unit Mix
1 x 1BR+Loft+Den/1.5BA, 1 x 2BR+Den/1.5BA
Multifamily Units
2
Amenities
hardwood flooring
mahogany front doors
fireplaces
balconies
solar panels
dual-zone central heat pump
laundry hookups
Building Details
Building Size
2,304 SF
Year Built
1923
Year Renovated
1999
Stories
2
Listing Agency:
Pabst, Kinney & Associates
Listed By:
Mark Kachigan
(562) 225-4848
Source:
Nolanrossre.kw
Added: Oct 22
Changed: Oct 25
Last Checked: Oct 28 at 4:44AM
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 Pabst, Kinney & Associates
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Investment Insights
Based on property information with market context.
This two-unit residential property pairs side-by-side, townhouse-style homes, each arranged across two levels. The building dates to 1923 and was rebuilt in 1999. Interior features include hardwood floors and fireplaces, while each residence has front and rear balconies, solar panels, and a dual-zone central heat-pump system for heating and air conditioning. Garage parking and laundry hookups serve both homes.
The 4611 residence has one bedroom with a loft, a den or office, one and a half bathrooms, and a single-car garage. The 4613 residence offers two bedrooms, a den or office, one and a half bathrooms, and a two-car garage. The property is in Long Beach’s Belmont Heights neighborhood, near the shops, restaurants, and entertainment in Belmont Shore. Colorado Lagoon, with walking paths, picnic areas, and a shoreline, is also nearby.
The 4611 residence has one bedroom with a loft, a den or office, one and a half bathrooms, and a single-car garage. The 4613 residence offers two bedrooms, a den or office, one and a half bathrooms, and a two-car garage. The property is in Long Beach’s Belmont Heights neighborhood, near the shops, restaurants, and entertainment in Belmont Shore. Colorado Lagoon, with walking paths, picnic areas, and a shoreline, is also nearby.
Key Highlights
- Two side‑by‑side residences, each with two levels of living space
- 4611: one bedroom with loft, den/office, 1½ baths, and a private single‑car garage
- 4613: two bedrooms, den/office, 1½ baths, and a private two‑car garage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$49,537
Cap Rate
3.05%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$990,740
$990.7K
Cap Rate 7%
$707,671
$707.7K
Cap Rate 9%
$550,411
$550.4K
Market Conditions
NOI Build-Up for 2,304 SF
Gross rent
$74.6K $32.40/SF
− Vacancy
−$3.9K −$1.68/SF
EGI
$70.8K $30.72/SF
− OpEx
−$21.2K −$9.21/SF
NOI
$49.5K $21.50/SF
Area
Long Beach, CA
Vacancy
5.20%
Lease Rate
$32.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$990,740
Cap Rate 7%
$707,671
Cap Rate 9%
$550,411
Alternative Uses
Best Use
Multifamily LT 5
$707.7K
$619.2K – $825.6K
NOI $49,537 @ 7.0% cap · market cap 3.05%
Second Best
Apartment 5plus
$629.4K
$550.8K – $734.4K
NOI $44,061 @ 7.0% cap · market cap 2.71%
Theoretical Best
Office A
$1.23M
$1.08M – $1.44M
NOI $86,349 @ 7.0% cap · market cap 5.31%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
760
Businesses Nearby
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Business Placement
Demographics for 90814, CA
19,042
Population
9,939
Households
1.9
Avg Household Size
39
Median Age
56%
College-Educated
92%
High-School Grad
1.3 sq mi
ZIP Area
14,648
Density / Sq Mi
$98,070
Median Household Income
$60,482
Median Earnings
$1,987
Median Rent
$898,700
Median Home Value
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Duplex - Two distinct residences combine townhouse-style layouts with private garage parking and laundry hookups.
Where is this duplex located?
The property is located at 4611 E Colorado Long Beach, CA.
What is the asking price?
The asking price for this property is $1,625,000.
What are key features of this property?
This property features: Two side‑by‑side residences, each with two levels of living space; 4611: one bedroom with loft, den/office, 1½ baths, and a private single‑car garage; 4613: two bedrooms, den/office, 1½ baths, and a private two‑car garage
