Remodeled Duplex with
For Sale
$1,250,000
530 Almond Ave, Long Beach, CA 90802
Residential Income, Long Beach, CA
Property Size1,962 SF
Lot Size0.17 Acres
Price / SF$637.10
Days on Market57
Property Features for 530 Almond Ave
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
LBR3T
Bedrooms
3
Bathrooms
2
Full bathrooms
4
Rooms
Bathroom 1, Bedroom 3, Bathroom 2, Bathroom 4, Bedroom 2, Bathroom 3, Bedroom 1
Parking features
Driveway
Directions
Property on Almond
Subdivision
Downtown Area, Alamitos Beach
Standard status
Active
APN
7266-016-009
Size
1,962 SF
Lot size
0.17 Acres
Utilities
Heating system
Central
Cooling system
Central Air, Wall Unit(s)
Amenities
backyard
new landscaping
Building Details
Year built
1951
Floors in Building
2
Number of units
2
Listing Agency:
Compass
(310) 230-5478
Listed By:
Federico Rolon · License #01909524
(845) 249-9210
Added: Jul 7
Changed: Aug 24
Last Checked: Sep 1 at 7:06AM
MLS# 26856719
Copyright © 2026 The MLS/CLAW. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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 three-bedroom, two-bathroom front house and a separate one-bedroom, one-bathroom unit positioned above the garage. The front residence features updated bathrooms, a renovated kitchen with LG appliances, new cabinets and countertops, recessed lighting, vinyl flooring, central AC, and an in-unit washer and dryer room. Plumbing, electrical, and HVAC systems have also been upgraded.
The property occupies 0.1683 acres and includes a gated driveway with space for three vehicles, a covered one-car garage, and a landscaped backyard. A non-conforming studio is located below the upstairs unit. The one-bedroom residence and studio are to be delivered vacant, while the main house is tenant occupied and shown with an accepted offer only. Zoning is LBR3T, and the property was built in 1951.
The property occupies 0.1683 acres and includes a gated driveway with space for three vehicles, a covered one-car garage, and a landscaped backyard. A non-conforming studio is located below the upstairs unit. The one-bedroom residence and studio are to be delivered vacant, while the main house is tenant occupied and shown with an accepted offer only. Zoning is LBR3T, and the property was built in 1951.
Key Highlights
- 1,962‑square‑foot duplex on a 0.1683‑acre lot
- Remodeled 3BD/2BA front house with updated systems and LG kitchen appliances
- Separate 1BD/1BA upstairs unit above the garage
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
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 - Two primary units include a remodeled three-bedroom home and an upstairs one-bedroom unit above the garage.
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 on a 0.1683‑acre lot; Remodeled 3BD/2BA front house with updated systems and LG kitchen appliances; Separate 1BD/1BA upstairs unit above the garage
