Remodeled Duplex with
For Sale
$1,199,900
530 Almond Ave, Long Beach, CA 90802
The property includes a separate upstairs one-bedroom residence and a non-conforming studio beneath it.
Property Size1,962 SF
Price / SF$611.57
Days on Market10
Property Features for 530 Almond Ave
General Information
Standard status
Active
Size
1,962 SF
Total Parking Spaces
4
Property subtype
Income
Site & Location
Neighborhood
North Alamitos Beach
Units
Unit Mix
1 x 3BR/2BA, 1 x 1BR/1BA
Multifamily Units
2
Additional Details
Tenant in Place
Yes
Amenities
central air conditioning
washer/dryer
backyard
landscaping
mini split air conditioning
Building Details
Year Built
1951
Buildings
2
Tenancy
Multi
Listing Agency:
Compass
Listed By:
Federico Rolon · License #01909524
(845) 249-9210
Source:
Forwardinglewood
Added: Oct 20
Changed: Oct 28
Last Checked: Oct 28 at 5:07PM
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
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Investment Insights
Based on property information with market context.
This 1,962-square-foot duplex, built in 1951, pairs a front house with a separate structure above a garage. The front residence has three bedrooms and two bathrooms, a living room, dining area, updated kitchen and bathrooms, central air conditioning, and an in-unit laundry room. The upstairs unit offers one bedroom, one bathroom, and mini-split air conditioning. A non-conforming studio is located below that residence. Plumbing, electrical, and HVAC systems have been upgraded, and both primary units have been remodeled.
The property also includes a covered one-car garage, a gated driveway with room for three cars, and a landscaped backyard. The one-bedroom unit is to be delivered vacant; the front house and studio are tenant-occupied. The lot may offer room for additional improvements, including potential ADUs, subject to buyer verification.
The property also includes a covered one-car garage, a gated driveway with room for three cars, and a landscaped backyard. The one-bedroom unit is to be delivered vacant; the front house and studio are tenant-occupied. The lot may offer room for additional improvements, including potential ADUs, subject to buyer verification.
Key Highlights
- 1,962‑square‑foot duplex on a 6,000‑square‑foot lot
- Front house has 3 bedrooms and 2 bathrooms
- Separate upper unit has 1 bedroom, 1 bathroom, and mini‑split A/C
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$42,184
Cap Rate
3.52%
Suggested Prices Based on Cap Rates
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
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 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 3.52%
Second Best
Apartment 5plus
$536.0K
$469.0K – $625.3K
NOI $37,520 @ 7.0% cap · market cap 3.13%
Theoretical Best
Office A
$1.05M
$919.1K – $1.23M
NOI $73,531 @ 7.0% cap · market cap 6.13%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
2,136
Businesses Nearby
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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
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Duplex - The property includes a separate upstairs one-bedroom residence and a non-conforming studio beneath it.
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 $1,199,900.
What are key features of this property?
This property features: 1,962‑square‑foot duplex on a 6,000‑square‑foot lot; Front house has 3 bedrooms and 2 bathrooms; Separate upper unit has 1 bedroom, 1 bathroom, and mini‑split A/C
