Occupied Triplex Income
764 Terraine Avenue Long Beach, CA 90804
New
For Sale
$1,600,000
MULTI_FAMILY - Long Beach, CA
Property Size2,914 SF
Lot Size0.15 Acres
Price / SF$549.07
Days on Market5
Property Features for 764 Terraine Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Triplex
- Bedrooms
- 5
- Bathrooms
- 3
- Rooms
- Bathroom 2, Bedroom 3, Bedroom 4, Bedroom 1, Bathroom 3, Laundry Room, Kitchen, Bathroom 1, Bedroom 2, Bedroom 5
- Parking
- 4
- Parking features
- Garage
- Interior features
- Balcony, Built-in Features
- Fireplace
- 1
- Standard status
- Active
- APN
- 7241024013
- Size
- 2,914 SF
- Lot size
- 0.15 Acres
Utilities
- Sewer type
- Public Sewer
- Heating system
- Central
- Cooling system
- Window Unit(s), Wall/Window Unit(s)
- Water source
- Public
Building Details
- Year built
- 1937
- Floors in Building
- 2
- Number of units
- 3
- Flooring type
- Laminate, Tile, Carpet
Listing Agency:
Keller Williams Coastal Prop.
(562) 961-1400
Listed By:
Trevor Cox · License #01935476
(949) 742-0408
Added: Jul 20
Changed: Jul 24
Last Checked: Jul 24 at 2:06PM
MLS# PW26160198
Copyright © 2026 California Regional Multiple Listing Service, Inc. 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 triplex income property includes three residential units with separate addresses at 764, 766, and 770 Terraine Avenue. The property is offered for sale subject to inspection, with all units currently occupied, so appointments require care and the occupants must not be disturbed.
Located in Long Beach in the Alamitos Heights area, the property is situated within a neighborhood described as being largely made up of single-family homes. The listing provides the subject addresses directly, supporting a clear three-unit configuration.
With the majority of usable information centered on the occupied status and the three addressed units, prospective buyers are encouraged to review the property during an inspection period and coordinate access through the listing process.
Located in Long Beach in the Alamitos Heights area, the property is situated within a neighborhood described as being largely made up of single-family homes. The listing provides the subject addresses directly, supporting a clear three-unit configuration.
With the majority of usable information centered on the occupied status and the three addressed units, prospective buyers are encouraged to review the property during an inspection period and coordinate access through the listing process.
Key Highlights
- Residential income property with addresses listed as 764, 766, and 770 Terraine
- Year built: 1937
- Fireplace in the home
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $94.4k | $32.40 |
| − Vacancy | −$4.9k | −$1.68 |
| EGI | $89.5k | $30.72 |
| − OpEx | −$26.9k | −$9.21 |
| NOI | $62.7k | $21.50 |
2,914 SF · lease $32.40/SF/yr · vacancy 5.20% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$895.0K
$783.2K – $1.04M
NOI $62,653 @ 7.0% cap · market cap 3.92%
Second Best
Apartment 5plus
$796.1K
$696.6K – $928.8K
NOI $55,726 @ 7.0% cap · market cap 3.48%
Theoretical Best
Office A
$1.56M
$1.37M – $1.82M
NOI $109,210 @ 7.0% cap · market cap 6.83%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Triplexes
FAQs
What type of property is this?
Triplex - Triplex with units addressed at 764, 766, and 770 Terraine Avenue, all currently occupied; please do not disturb residents.
Where is this triplex located?
The property is located at 764 Terraine Avenue Long Beach, CA.
What is the asking price?
The asking price for this property is $1,600,000.
What are key features of this property?
This property features: Residential income property with addresses listed as 764, 766, and 770 Terraine; Year built: 1937; Fireplace in the home
