Updated Duplex with
For Sale
$1,250,000
530 Almond Ave, Long Beach, CA 90802
Remodeled income property with separate upstairs living space, gated parking, upgraded systems, and a landscaped backyard.
Property Size1,962 SF
Days on Market57
Property Features for 530 Almond Ave
General Information
Standard status
Active
Size
1,962 SF
Total Parking Spaces
4
Property subtype
Multi-Family
Units
Unit Mix
1 x 3BR/2BA, 1 x 1BR/1BA
Multifamily Units
2
Additional Details
Utilities to Site
Yes
Amenities
central air conditioning
washer/dryer in unit
backyard
landscaped yard
Building Details
Building Size
1,962 SF
Year Built
1951
Stories
2
Listing Agency:
Compass
(310) 230-5478
Listed By:
Federico Rolon · License #01909524
(310) 230-5478
Source:
Nolanrossre.kw
Added: Jul 7
Changed: Aug 31
Last Checked: Aug 31 at 12:40PM
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 Compass
Investment Insights
Based on property information with market context.
Located at 530 Almond Ave in Long Beach, this 1,962-square-foot duplex includes a remodeled front residence with three bedrooms and two bathrooms, plus an upstairs one-bedroom, one-bath unit above a detached garage. The main home features a bright living and dining area, updated kitchen with LG appliances, renovated bathrooms, recessed lighting, vinyl flooring, central AC, and an in-unit laundry room. Plumbing, electrical, and HVAC systems have also been upgraded.
The property includes a covered one-car garage, gated driveway parking for three cars, and a landscaped backyard. A non-conforming studio is positioned below the upstairs unit and can provide additional workspace or flexible occupancy. The one-bedroom unit and studio are scheduled for vacant delivery, while the front residence is tenant occupied and shown only with an accepted offer. The expansive lot also offers room for an ADU or other improvements, subject to applicable approvals.
The property includes a covered one-car garage, gated driveway parking for three cars, and a landscaped backyard. A non-conforming studio is positioned below the upstairs unit and can provide additional workspace or flexible occupancy. The one-bedroom unit and studio are scheduled for vacant delivery, while the front residence is tenant occupied and shown only with an accepted offer. The expansive lot also offers room for an ADU or other improvements, subject to applicable approvals.
Key Highlights
- 1,962‑square‑foot duplex with a 3BD/2BA front house and 1BD/1BA upstairs unit
- Front residence remodeled with LG refrigerator, stove, microwave, dishwasher, and garbage disposal
- Upgraded plumbing, electrical, and HVAC systems; central AC in the main house
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
$42,184
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
3.37%
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%
$843,680
$843.7K
Cap Rate 7%
$602,629
$602.6K
Cap Rate 9%
$468,711
$468.7K
Market Conditions
NOI Build-Up for 1,962 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
$63.6K $32.40/SF
− Vacancy
−$3.3K −$1.68/SF
EGI
$60.3K $30.72/SF
− OpEx
−$18.1K −$9.21/SF
NOI
$42.2K $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 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%
$843,680
Cap Rate 7%
$602,629
Cap Rate 9%
$468,711
Alternative Uses
Best Use
Multifamily LT 5
$602.6K
$527.3K – $703.1K
NOI $42,184 @ 7.0% cap · market cap 3.37%
Second Best
Apartment 5plus
$536.0K
$469.0K – $625.3K
NOI $37,520 @ 7.0% cap · market cap 3.00%
Theoretical Best
Office A
$1.05M
$919.1K – $1.23M
NOI $73,531 @ 7.0% cap · market cap 5.88%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
2,136
Businesses Nearby
Explore this area
Business Placement
Demographics for 90802, CA
41,686
Population
25,055
Households
1.7
Avg Household Size
37
Median Age
44%
College-Educated
88%
High-School Grad
6.5 sq mi
ZIP Area
6,413
Density / Sq Mi
$72,152
Median Household Income
$52,011
Median Earnings
$1,855
Median Rent
$546,700
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Remodeled income property with separate upstairs living space, gated parking, upgraded systems, and a landscaped backyard.
Where is this duplex located?
The property is located at 530 Almond Ave Long Beach, CA.
What is the asking price?
The asking price for this property is $1,250,000.
What are key features of this property?
This property features: 1,962‑square‑foot duplex with a 3BD/2BA front house and 1BD/1BA upstairs unit; Front residence remodeled with LG refrigerator, stove, microwave, dishwasher, and garbage disposal; Upgraded plumbing, electrical, and HVAC systems; central AC in the main house
