Multifamily Real Estate Expertise in Long Beach

Acquire, optimize, and exit with confidence. I help investors navigate Long Beach’s multifamily market with data-driven strategy and local insight.

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Market Update

Long Beach Multifamily Market Update

Snapshot of current trends based on recent closings and active inventory.

Updated monthly

Median Cap Rate

6.1%

Based on trailing 365-day sales.

Avg. Price/Unit

$226,545

Across 5–50 unit assets.

Median Days on Market

126

Faster absorption for turnkey assets.

Long Beach Small-to-Mid Multifamily Market Update

Long Beach’s small-to-mid multifamily market remains stable, with average pricing around $225,000–$240,000 per unit and cap rates generally ranging from 5.75%–6.25%, with the current market average at approximately 6.1%. The average sale price per unit is $226,545, with a median of $227,591, reflecting a relatively stable valuation environment. Pricing continues to vary meaningfully by zip code, submarket, and building quality, with Long Beach remaining highly nuanced—often changing street by street based on location quality, unit mix, parking, and overall condition.

Sales volume over the past 12 months totaled approximately $388M, with 1.7K units sold across 169 properties and an average sale price of approximately $2.5M. Properties are trading approximately 5.4% below asking price, while the average time to sale is approximately 5.3 months, reflecting continued buyer activity and a market where negotiation remains an important part of the sales process. Vacancy at the time of sale averaged approximately 4.5%, with a median of 4.0%. Market asking rents have reached approximately $1,465 per unit, with asking rent growth at approximately 1.2% annually.

From a seller’s perspective, stable pricing, strong transaction volume, and continued rent growth continue to support demand for well-positioned multifamily assets. However, buyers remain disciplined, with properties selling an average of 5.4% below asking and taking approximately 5.3 months to sell. Well-maintained properties in desirable locations continue to attract the strongest interest, while accurate pricing and strategic positioning remain critical to achieving the best possible outcome. In a nuanced, street-by-street market like Long Beach, working with an experienced multifamily broker remains essential to properly position an asset, identify the most qualified buyers, and maximize value.

From a buyer’s perspective, a market-average cap rate of approximately 6.1%, sale prices averaging $226,545 per unit, and an average 5.4% discount to asking continue to provide opportunities for negotiation. With approximately $388M in sales volume and 1.7K units sold, the market remains active while still offering buyers the ability to negotiate on price and terms. Combined with approximately 95.8% occupancy, 1.2% annual asking-rent growth, and market rents of approximately $1,465 per unit, Long Beach continues to offer a relatively stable environment for multifamily investment.

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Active Listings

Curated multifamily opportunities currently on the market.

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Turnkey

Seaglass
Apartments

$3,995,000

Highly Desirable Location on Ocean Boulevard
Stabilized Asset with Updated Electric Systems
5% CAP Rate on Current Numbers

12 Units

1923

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Renovated Units

Pacifica
Apartments

$6,450,000

All Studios Located in Downtown Long Beach

Over 25 Renovated Units with New Kitchens, Baths & Flooring for Under $162K Per Unit

42 Units

1920

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Price Drop

Lakewood
Village

$4,995,000

Rare Lakewood Village Location with Retail Units

Updated Main Electric Panels & Subpanels

Exception Location Adjacent to Major Drivers

45 Units

1935

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Rare Opportunity

Fountain Creek
Apartments

$14,750,000

First Time on Market in Over 30 Years
1986 Construction with 50% of Units Renovated
East Side Long Beach Location - Walking Distance to Traffic Circle

50 Units

1986

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Desirable Neighborhood

Casa Del Cerro Apartments

$8,250,000

Memorial Heights Neighborhood, Steps from Bixby Knolls

Great Mix One- and Two-Bedroom/1.5-Bath Floor Plans
Electrical Fully Updated (Square D Panels) — SB 721 Compliant

31 Units

1973

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Rental Upside

2nd Street
Property

$2,795,000

Prime Naples Island Location - On the 2nd Street Corridor, Steps to Restaurants & Shops
Approx. 21% Rental Upside to Market ($39,600 Loss to Lease, Recoverable at Turnover)
All Units But One Renovated

8 Units

1952

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Rare Scale

Windmill Creek Apartments

$35,000,000

Prime North Long Beach Location - Rare Scale for Long Beach
1988 Construction
Great Unit Mix of 1B/1BA & 2B/2BA Units
SB 721 Compliant, Updated Electrical, Copper Plumbing, & Roof Warranty in Place

139 Units

1988

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Recent Sales

Proven results across submarkets and asset classes.

Closed

Closed

Seal Way Apts.
12 Units

$4,800,000

2.0% CAP

Significant Value-Add Opportunity with 50% Units Vacant
End of Peninsula Boardwalk Position with Direct Jetty & Anaheim Bay Views

Closed

Villa Virginia
25 Units

$6,300,000

5.4% CAP

Rare 25-Unit 55+ Senior Living Community Sale Located in One of Long Beach’s Most Affluent Neighborhoods Adjacent to Virginia Country Club & Multimillion Dollar Homes

Closed

Gladys Property
20 Units

$5,500,000

4.4% CAP

First time sold in over 50 years
Trustees achieved smooth dissolution & distribution of proceeds with buyer’s deposit released early for seller protection

What Clients Say

Investor-first service with measurable outcomes.

Verified clients

Steven

Seller, Long Beach

Throughout the entire process, Chris stayed hands-on, brought us a qualified buyer, and made sure everyone stayed on track when escrow had to be extended. We were able to sell both properties smoothly and split the trust as planned. I’d absolutely recommend him to anyone thinking of selling their building.

Rusty

Seller, Los Angeles

After experiencing the exceptional service provided by Chris Walker in navigating the complexities of selling my commercial property, I can confidently say that I would choose them again without hesitation.

Russell

Seller, Long Beach

Working with Chris Walker was a game-changer for us. He not only helped us achieve a higher price than expected but also made the entire process smooth and stress-free. We would definitely use Chris again for any future property sales.

VP of Investments

Licensed DRE#01905338

Chris Walker

Chris Walker is one of the leading apartment brokers in Los Angeles and Orange County, known for his deep market knowledge, straightforward advice, and results-driven approach. With over $500 million in multifamily sales, Chris has built a reputation as a trusted resource for apartment owners looking to grow, protect, and optimize their portfolios.

What sets Chris apart is his ability to make complex real estate decisions feel clear and manageable. Whether guiding an owner through a 1031 exchange, helping them transition out of a management-heavy property, or positioning a building to attract the right buyers, Chris focuses on strategies designed to maximize value while aligning with his clients’ long-term goals.

Clients value his honest advice, clear communication, and ability to anticipate market shifts and regulatory changes. He takes pride in keeping owners informed so they can make confident decisions, whether navigating rent control challenges, evaluating an exchange, or preparing a property for sale. His thorough preparation and market expertise have consistently helped clients achieve strong results and smooth transactions, even in competitive or changing markets.

Above all, Chris values long-term relationships. Many of his clients across Los Angeles and Orange County have worked with him for years, trusting his guidance not just because of his track record, but because they know he puts their best interests first.