Four-Unit Quadplex Near Ocean
775 Alamitos Avenue, Long Beach, CA 90813
For Sale
$1,599,000
Income property with four two-bedroom residences and current transitional-housing use.
Property Size3,376 SF
Days on Market50
Property Features for 775 Alamitos Avenue
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Units
Unit Mix
Multifamily Units
Building Details
Building Size
Year Built
Stories
Listing Agency:
Peggy French, Broker
Listed By:
Peggy French · License CA #00455781
(714) 585-6703
Source:
Nolanrossre.kw
Added: Sep 22
Changed: Nov 2
Last Checked: Nov 10 at 5:09AM
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 Peggy French, Broker
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 1923-built quadplex at 775 Alamitos Avenue contains four separate units, each configured with two bedrooms and one bathroom. The property is currently operated as transitional housing, providing an established use across the four residences.
The building is positioned eight blocks from Ocean Boulevard, with the ocean approximately a three-minute drive away. An additional four-unit property at 801 Alamitos Avenue is also offered for sale, creating a potential adjacent acquisition opportunity for buyers evaluating both offerings.
The building is positioned eight blocks from Ocean Boulevard, with the ocean approximately a three-minute drive away. An additional four-unit property at 801 Alamitos Avenue is also offered for sale, creating a potential adjacent acquisition opportunity for buyers evaluating both offerings.
Key Highlights
- Four‑unit quadplex built in 1923
- Each unit includes 2 bedrooms and 1 bathroom
- Currently rented as transitional housing
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$77,597
Cap Rate
4.85%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,551,940
$1.6M
Cap Rate 7%
$1,108,529
$1.1M
Cap Rate 9%
$862,189
$862.2K
Market Conditions
NOI Build-Up for 3,376 SF
Gross rent
$115.5K $34.20/SF
− Vacancy
−$4.6K −$1.36/SF
EGI
$110.9K $32.84/SF
− OpEx
−$33.3K −$9.85/SF
NOI
$77.6K $22.98/SF
Area
ZIP 90813
Vacancy
3.99%
Lease Rate
$34.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,551,940
Cap Rate 7%
$1,108,529
Cap Rate 9%
$862,189
Alternative Uses
Best Use
Multifamily LT 5
$1.11M
$970.0K – $1.29M
NOI $77,597 @ 7.0% cap · market cap 4.85%
Second Best
Apartment 5plus
$1.02M
$893.9K – $1.19M
NOI $71,508 @ 7.0% cap · market cap 4.47%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
3,739
Businesses Nearby
Explore this area
Business Placement
Demographics for 90813, CA
54,565
Population
18,603
Households
2.9
Avg Household Size
32
Median Age
16%
College-Educated
63%
High-School Grad
3.1 sq mi
ZIP Area
17,602
Density / Sq Mi
$50,302
Median Household Income
$31,450
Median Earnings
$1,578
Median Rent
$543,700
Median Home Value
Market
Average Price Trend$/SF for Quadplexes in Long Beach, CA
Properties on Market for Quadplexes in Long Beach
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Quadplex - Income property with four two-bedroom residences and current transitional-housing use.
Where is this quadplex located?
The property is located at 775 Alamitos Avenue Long Beach, CA.
What is the asking price?
The asking price for this property is $1,599,000.
What are key features of this property?
This property features: Four‑unit quadplex built in 1923; Each unit includes 2 bedrooms and 1 bathroom; Currently rented as transitional housing
