Remodeled Two-Residence
6771 Johnson, Long Beach, CA 90805
For Sale
New
$879,000
Two separate homes offer distinct living spaces, and the rear residence includes a yard.
Property Size2,120 SF
Days on Market5
Property Features for 6771 Johnson
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Highway Access
Units
Unit Mix
Multifamily Units
Amenities
yard
garage
Building Details
Building Size
Year Built
Buildings
Units
Listed By:
Orlando Garcia
(562) 228-4900
Source:
Elliman
Added: Nov 3
Last Checked: Nov 6 at 10:32AM
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 Orlando Garcia
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Investment Insights
Based on property information with market context.
This duplex contains two detached residences with a combined five bedrooms and three bathrooms. The front home has two bedrooms and one bathroom; the rear home offers three bedrooms, two bathrooms, and a yard. Both residences have been remodeled. A long driveway provides parking, and the property also includes a two-car garage. The building dates to 1962.
The property is in North Long Beach, with shopping, dining, Houghton Park, and the Michelle Obama Neighborhood Library among the nearby destinations. The 91 freeway is also accessible from the area. Walk Score is 70 and Bike Score is 53.
The property is in North Long Beach, with shopping, dining, Houghton Park, and the Michelle Obama Neighborhood Library among the nearby destinations. The 91 freeway is also accessible from the area. Walk Score is 70 and Bike Score is 53.
Key Highlights
- Two detached residences with a combined five bedrooms and three bathrooms
- Both homes have been remodeled
- Front residence: two bedrooms and one bathroom; rear residence: three bedrooms, two bathrooms, and a yard
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$38,357
Cap Rate
4.36%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$767,140
$767.1K
Cap Rate 7%
$547,957
$548.0K
Cap Rate 9%
$426,189
$426.2K
Market Conditions
NOI Build-Up for 2,120 SF
Gross rent
$57.2K $27.00/SF
− Vacancy
−$2.4K −$1.15/SF
EGI
$54.8K $25.85/SF
− OpEx
−$16.4K −$7.75/SF
NOI
$38.4K $18.09/SF
Area
ZIP 90805
Vacancy
4.27%
Lease Rate
$27.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$767,140
Cap Rate 7%
$547,957
Cap Rate 9%
$426,189
Alternative Uses
Best Use
Multifamily LT 5
$548.0K
$479.5K – $639.3K
NOI $38,357 @ 7.0% cap · market cap 4.36%
Second Best
Apartment 5plus
$505.9K
$442.6K – $590.2K
NOI $35,410 @ 7.0% cap · market cap 4.03%
Theoretical Best
Office A
$635.0K
$555.6K – $740.8K
NOI $44,449 @ 7.0% cap · market cap 5.06%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
924
Businesses Nearby
Explore this area
Business Placement
Demographics for 90805, CA
95,350
Population
28,954
Households
3.3
Avg Household Size
34
Median Age
18%
College-Educated
74%
High-School Grad
7.4 sq mi
ZIP Area
12,885
Density / Sq Mi
$68,615
Median Household Income
$34,948
Median Earnings
$1,664
Median Rent
$588,500
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Duplexes in Long Beach, CA
Properties on Market for Duplexes in Long Beach
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Duplex - Two separate homes offer distinct living spaces, and the rear residence includes a yard.
Where is this duplex located?
The property is located at 6771 Johnson Long Beach, CA.
What is the asking price?
The asking price for this property is $879,000.
What are key features of this property?
This property features: Two detached residences with a combined five bedrooms and three bathrooms; Both homes have been remodeled; Front residence: two bedrooms and one bathroom; rear residence: three bedrooms, two bathrooms, and a yard
