Remodeled Duplex With
New
For Sale
$1,199,900
530 Almond Ave, Long Beach, CA 90802
Residential Income, Long Beach, CA
Property Size1,962 SF
Lot Size0.17 Acres
Price / SF$611.57
Days on Market3
Property Features for 530 Almond Ave
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
LBR3T
Bedrooms
4
Bathrooms
3
Full bathrooms
4
Rooms
Bathroom 1, Bedroom 1, Bathroom 2, Bathroom 4, Bedroom 2, Bedroom 3, Bedroom 4, Bathroom 3
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
Wall Unit(s), Central Air
Amenities
air conditioning
in-unit washer/dryer
large 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: Sep 10
Changed: Sep 11
Last Checked: Sep 12 at 9:06AM
MLS# 26987077
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.
This 1,962-square-foot duplex on a 0.1683-acre lot includes a remodeled front residence with 3 bedrooms and 2 bathrooms, plus an upstairs 1-bedroom, 1-bathroom unit positioned above the garage in a separate building. The front home features an updated kitchen with LG appliances, renovated bathrooms, new cabinetry, countertops, fixtures, recessed lighting, and vinyl flooring. Upgraded plumbing, electrical, and HVAC systems support the property, while central air serves the front residence and a mini-split system serves the upstairs unit. A non-conforming studio is located below the 1-bedroom unit.
The property includes a covered one-car garage, gated driveway parking for 3 cars, and a landscaped backyard. The front house and studio are tenant occupied, while the 1-bedroom unit is scheduled for vacant delivery. The expansive lot may accommodate additional improvements, including up to two ADUs, subject to buyer verification. Located at 530 Almond Ave in Long Beach, the property carries LBR3T zoning and was built in 1951.
The property includes a covered one-car garage, gated driveway parking for 3 cars, and a landscaped backyard. The front house and studio are tenant occupied, while the 1-bedroom unit is scheduled for vacant delivery. The expansive lot may accommodate additional improvements, including up to two ADUs, subject to buyer verification. Located at 530 Almond Ave in Long Beach, the property carries LBR3T zoning and was built in 1951.
Key Highlights
- 1,962‑square‑foot duplex on a 0.1683‑acre lot
- Front 3BD + 2BA house is fully remodeled
- Separate upstairs 1BD + 1BA 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
3.52%
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 3.52%
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.
Property Analytics
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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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Duplex - Updated two-unit property with a detached upstairs residence, tenant occupancy, parking, and additional non-conforming studio space.
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 0.1683‑acre lot; Front 3BD + 2BA house is fully remodeled; Separate upstairs 1BD + 1BA unit above the garage
