9-Unit Apartment
For Sale
$2,850,000
825 Roswell Ave, Long Beach, CA 90804
Gated Long Beach property with varied floor plans, on-site laundry, and garage parking.
Property Size6,384 SF
Days on Market52
Property Features for 825 Roswell Ave
General Information
Standard status
Active
Size
6,384 SF
Total Parking Spaces
6
Property subtype
Multifamily
Site & Location
Neighborhood
Recreation Park
Units
Unit Mix
1 x studio, 7 x 2BR/1BA, 1 x 3BR/2BA
Multifamily Units
9
Amenities
on-site laundry
gated access
The Property: Well-maintained 9-unit multifamily building (1960s) with gated access, landscaped frontage, and a stucco exterior.
Unit Mix: Heavy concentration of larger floor plans featuring (7) 2-bed/1-bath units, (1) 3-bed/2-bath unit, and (1) studio.
Capital Improvements: Features upgraded copper plumbing and a red tile roof that was replaced approximately 2 to 3 years ago.
Additional Revenue Potential: Gated property includes on-site laundry (currently generating revenue) and 6 garage parking spaces (currently included with rent, offering future monetization potential).
Desirable Location: Located one block from Wilson High School and blocks from Recreation Park, with a short drive to Belmont Shore, 2nd Street, CSULB, and Retro Row.
Contiguous Expansion: Available for individual purchase or alongside neighboring properties at 807 Roswell Ave (4 units) and 815 Roswell Ave (3 units) to establish a larger ownership presence on a single block.
Building Details
Building Size
6,384 SF
Units
9
Construction
stucco
Listing Agency:
Orange County Office
Listed By:
Evan Gray · License #License(s): CA: 02195794
(949) 419-3227
Source:
Marcusmillichap
Added: Sep 16
Changed: Nov 6
Last Checked: Nov 6 at 5:12AM
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 Orange County Office
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Investment Insights
Based on property information with market context.
Located at 825 Roswell Avenue in Long Beach, this 9-unit apartment property dates to the 1960s and has a stucco exterior, red tile roofing, landscaped frontage, and gated access. The unit mix includes 1 studio, 7 2-bed/1-bath units, and 1 3-bed/2-bath unit. Capital improvements include copper plumbing and a tile roof replaced approximately 2 to 3 years ago.
Resident amenities include on-site laundry and 6 garage parking spaces. Laundry currently produces supplemental revenue, while the garage spaces are included in tenant rents. The property is approximately 1 block from Wilson High School and located a short distance from Recreation Park. Belmont Shore, the 2nd Street commercial corridor, California State University, Long Beach, and Retro Row are also within a short drive.
The property is offered alongside neighboring 4-unit and 3-unit properties at 807 Roswell Avenue and 815 Roswell Avenue. Each property may be acquired separately or together.
Resident amenities include on-site laundry and 6 garage parking spaces. Laundry currently produces supplemental revenue, while the garage spaces are included in tenant rents. The property is approximately 1 block from Wilson High School and located a short distance from Recreation Park. Belmont Shore, the 2nd Street commercial corridor, California State University, Long Beach, and Retro Row are also within a short drive.
The property is offered alongside neighboring 4-unit and 3-unit properties at 807 Roswell Avenue and 815 Roswell Avenue. Each property may be acquired separately or together.
Key Highlights
- 9‑unit apartment property with 1 studio, 7 2‑bed/1‑bath units, and 1 3‑bed/2‑bath unit
- 6 garage parking spaces plus on‑site laundry
- Copper plumbing and tile roof replaced approximately 2 to 3 years ago
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$122,084
Cap Rate
4.28%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,441,680
$2.4M
Cap Rate 7%
$1,744,057
$1.7M
Cap Rate 9%
$1,356,489
$1.4M
Market Conditions
NOI Build-Up for 6,384 SF
Gross rent
$233.7K $36.60/SF
− Vacancy
−$11.7K −$1.83/SF
EGI
$222.0K $34.77/SF
− OpEx
−$99.9K −$15.65/SF
NOI
$122.1K $19.12/SF
Area
Long Beach, CA
Vacancy
5.00%
Lease Rate
$36.60 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,441,680
Cap Rate 7%
$1,744,057
Cap Rate 9%
$1,356,489
Alternative Uses
Best Use
Apartment 5plus
$1.74M
$1.53M – $2.03M
NOI $122,084 @ 7.0% cap · market cap 4.28%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.42M
$2.99M – $3.99M
NOI $239,258 @ 7.0% cap · market cap 8.40%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
9
Residential units
Location Intelligence
Trade Area within ½ mile
2,249
Businesses Nearby
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Business Placement
Demographics for 90804, CA
39,370
Population
15,998
Households
2.5
Avg Household Size
33
Median Age
30%
College-Educated
75%
High-School Grad
2.2 sq mi
ZIP Area
17,895
Density / Sq Mi
$68,940
Median Household Income
$38,914
Median Earnings
$1,801
Median Rent
$673,600
Median Home Value
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Market
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Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Apartment building - Gated Long Beach property with varied floor plans, on-site laundry, and garage parking.
Where is this apartment building located?
The property is located at 825 Roswell Ave Long Beach, CA.
What is the asking price?
The asking price for this property is $2,850,000.
What are key features of this property?
This property features: 9‑unit apartment property with 1 studio, 7 2‑bed/1‑bath units, and 1 3‑bed/2‑bath unit; 6 garage parking spaces plus on‑site laundry; Copper plumbing and tile roof replaced approximately 2 to 3 years ago
