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    Property profile & analytics

    2325 2Nd St Long Beach, CA 90803

    • Apartment buildings
    • 7,052 SF
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Apartment buildings

    Property Details for 2325 2Nd St

    Year built
    1964
    Property size
    7,052 SF
    Property type
    Apartment buildings

    Description

    This 11-unit apartment building in Long Beach's desirable Bluff Park neighborhood presents a compelling investment opportunity. The property, located at 2325 E. 2nd Street, boasts a total of 7,052 square feet on an 8,320 square foot lot. The building comprises a mix of unit types: four one-bedroom/one-bathroom units built in 1923, four additional one-bedroom/one-bathroom units, one two-bedroom/one-bathroom unit, and two studio units (one non-conforming) built in 1964. Six units have been renovated and include in-unit washer/dryers. Building upgrades include double-pane windows and upgraded electrical systems. The property also features four garages, currently generating income and permitted for two accessory dwelling units (ADUs). The asking price is $2,950,000, representing a price per unit of $268,182. Current Net Operating Income (NOI) is $158,137, yielding a 5.36% cap rate. Pro-forma NOI is $175,923, resulting in a 5.96% pro-forma cap rate. An assumable loan is available at a 3.47% interest rate until October 1, 2026. On-site laundry adds to the property's income stream. This property offers convenient beach access and the best of coastal living. The property's APN is 7264-029-006.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Long Beach
    County
    Los Angeles
    State
    California
    Longitude
    -118.163
    Latitude
    33.7661

    Comparable in this City

    • Value Estimation
      $285,000
      3,581 SF

      5275 The Toledo

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      5275 The Toledo, Long Beach, CA 90803-1861
      View Details
    • Value Estimation
      $345,000
      5,127 SF

      5317 The Toledo

      APARTMENT HOUSE (5+ UNITS) • 5,127 SF
      5317 The Toledo, Long Beach, CA 90803-3587
      View Details
    • Value Estimation
      $440,000
      19,038 SF

      3617 Broadway

      APARTMENT HOUSE (5+ UNITS) • 19,038 SF
      3617 Broadway, Long Beach, CA 90803-6054
      View Details
    • Value Estimation
      $545,000
      28,010 SF

      2611 Broadway

      APARTMENT HOUSE (5+ UNITS) • 28,010 SF
      2611 Broadway, Long Beach, CA 90803-5790
      View Details
    • Value Estimation
      $365,000
      4,496 SF

      4021 1st St

      APARTMENT HOUSE (5+ UNITS) • 4,496 SF
      4021 1st St, Long Beach, CA 90803-2887
      View Details
    • Value Estimation
      $725,000
      20,792 SF

      2400 2nd St

      APARTMENT HOUSE (5+ UNITS) • 20,792 SF
      2400 2nd St, Long Beach, CA 90803-5172
      View Details

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    Similar Nearby for Lease

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      Retail Space For Lease

      Retail space available for lease in Long Beach, CA.
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    • Contact for pricing

      Leased Retail Property

      100% leased retail property in Long Beach, CA.
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    2325 2Nd St
    Long Beach, CA 90803
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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