4-Unit Multifamily
For Sale
$1,100,000
92 E Louise, Long Beach, CA 90805
Four consistent two-bedroom residences with updated building systems and controlled entry.
Property Size2,961 SF
Days on Market72
Property Features for 92 E Louise
General Information
Standard status
Active
Size
2,961 SF
Property subtype
Quadruplex
Site & Location
Neighborhood
Dairy
Units
Unit Mix
4 x 2BR/1BA
Multifamily Units
4
Additional Details
Average Monthly Rent
$2,138
Amenities
security gate
Building Details
Building Size
2,961 SF
Year Built
1953
Listing Agency:
Keller Williams Realty Downey
Listed By:
Robert Stepp · License #01456379
(310) 774-3740
Source:
Truthrealty
Added: Aug 17
Changed: Oct 25
Last Checked: Oct 27 at 2:01AM
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 Keller Williams Realty Downey
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Investment Insights
Based on property information with market context.
This four-unit multifamily property contains a uniform mix of two-bedroom, one-bath residences, with each unit measuring approximately 740 square feet. The building totals 2,961 square feet and was constructed in 1953. Property improvements include replacement windows throughout, re-piping, exterior painting completed within the past three years, and an electronic security gate.
Located at 92 E. Louise Street in Long Beach, California, the property offers a consistent residential configuration within a single multifamily building. The matching unit layouts provide a straightforward operating profile across all four residences.
Located at 92 E. Louise Street in Long Beach, California, the property offers a consistent residential configuration within a single multifamily building. The matching unit layouts provide a straightforward operating profile across all four residences.
Key Highlights
- Four‑unit multifamily property built in 1953
- All units feature two bedrooms and one bath
- Each residence measures approximately 740 square feet
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$53,573
Cap Rate
4.87%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,071,460
$1.1M
Cap Rate 7%
$765,329
$765.3K
Cap Rate 9%
$595,256
$595.3K
Market Conditions
NOI Build-Up for 2,961 SF
Gross rent
$79.9K $27.00/SF
− Vacancy
−$3.4K −$1.15/SF
EGI
$76.5K $25.85/SF
− OpEx
−$23.0K −$7.75/SF
NOI
$53.6K $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%
$1,071,460
Cap Rate 7%
$765,329
Cap Rate 9%
$595,256
Alternative Uses
Best Use
Multifamily LT 5
$765.3K
$669.7K – $892.9K
NOI $53,573 @ 7.0% cap · market cap 4.87%
Second Best
Apartment 5plus
$706.5K
$618.2K – $824.3K
NOI $49,457 @ 7.0% cap · market cap 4.50%
Theoretical Best
Office A
$886.9K
$776.0K – $1.03M
NOI $62,082 @ 7.0% cap · market cap 5.64%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
807
Businesses Nearby
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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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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Quadplex - Four consistent two-bedroom residences with updated building systems and controlled entry.
Where is this quadplex located?
The property is located at 92 E Louise Long Beach, CA.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: Four‑unit multifamily property built in 1953; All units feature two bedrooms and one bath; Each residence measures approximately 740 square feet
