Est. cap rate

4.7%

Assumed rent, all units

$5,940/mo

Units

3

Price per unit

$253,000

Est. annual NOI

$35,640

Expense assumption

50%

Estimates only, based on HUD Fair Market Rents (a conservative 40th percentile floor) and a standard 50% operating expense assumption. Not a guarantee of income or value. Ask Alex for a pro forma using comparable rent data.

Run your own numbers

Adjust the assumptions to see cash flow and cash on cash return.

Illustration only, using a 30 year loan and your assumptions above. Not a loan offer, financial advice, or a guarantee. Confirm financing and actual rents independently.

Property details

Type

Triplex

Bedrooms

3

Building size

2,400 sqft

Lot size

5,918 sqft

Year built

1923

Stories

1

Garage spaces

3

Pool

None

Status

Active

Days on market

171

MLS #

238785324

About this property

This triplex offers an excellent investment opportunity in one of Long Beach’s desirable and established residential neighborhoods. Situated on a single lot, the property features three individual units, each with its own private garage and separate yard area, providing tenants with added convenience, privacy, and a single-family home feel—an attractive feature that helps support long-term tenancy and rental stability. This property is ideal for investors who are just beginning their real estate investment journey, as well as seasoned investors seeking to add a solid, income-producing asset to their portfolio. The units will not be delivered vacant but the seller may consider relocation assistance. Located in a quiet and well-established area of Long Beach, the surrounding neighborhood is primarily composed of single-family homes and other well-maintained residential income properties, contributing to the area’s overall stability and desirability. The property is conveniently located near shopping centers, restaurants, schools, and essential services, and offers easy access to downtown Long Beach, where tenants can enjoy dining, entertainment, and coastal attractions. With its strong location, private garages, individual yard spaces, and reliable income stream, this triplex represents a rare opportunity to acquire a versatile and appealing investment property in one of Southern California’s most dynamic rental markets.

Location

1876 Myrtle

Long Beach, Los Angeles, CA, 90806