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    Versatile Live/Work Space in Long Beach Title is generated by Realmo AI

    2172 Pacific, Long Beach, CA 90806

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    New
    For Lease
    $3,950/Mo $23 SF/Yr (calc)

    Commercial Lease - Long Beach, CA

    Property size:
    2,000 SF
    Added:
    May 8, 2026
    Days on Market:
    3
    Last Refresh:
    May 9 at 11:06 pm

    Property Features for 2172 Pacific

    General Information

    Property type
    Commercial Lease
    Property subtype
    Other
    Zoning
    LBCNP
    Standard status
    Active
    APN
    7205029004
    Size
    2,000 SF

    Utilities

    Cooling system
    None (Cooling)

    Building Details

    Year built
    1949
    Architectural style
    Other

    We can help!

    Listing Contact
    Anne Irvin
    Anne Irvin

    Listing agent Anne Irvin License #01938679

    Listing office Century 21 Coastal Properties 23705 Crenshaw Blvd Ste 100, Torrance, CA

    Listing date May 8, 2026

    MLS# SB26100134 Listing URL

    Copyright © 2026 California Regional Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Rare mixed‑use Live/Work space in Long Beach's Wrigley Village.
    • 2,000 sq. ft. with flexible layout suitable for various professional and creative uses.
    • Two separate street‑front entrances for client/visitor access or dual‑use setups.
    • Two large skylights providing abundant natural light.
    • Convenient location with easy access to 710 and 405 freeways.
    • Includes 1 gated parking space and easy street parking for clients.

    Overview

    This 2,000 sq. ft. mixed-use space is located in Long Beach’s Wrigley Village. The property offers the flexibility to both live and work in one private, versatile environment, suitable for Architects, Designers, Artists, Creatives, or Small Professional Practices. It features 2 bedrooms (with the ability to add more separate rooms easily), 1.5 bathrooms, a modern kitchen, and a dedicated studio/work area with a separate wash/slop sink. Two large skylights fill the space with natural light. The layout supports a variety of uses, from a design studio to an office to a true live/work loft. The property includes two separate street-front entrances, offering accessibility for clients, visitors, or dual-use setups. Located along a Commercial Avenue, the space provides easy street parking for clients, plus 1 gated parking space for the lessee in the rear. Its central location offers quick access to the 710 and 405 freeways and sits next door to a contemporary Art Museum, with a café nearby.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Streaming Live TV ... Telecommunications Service

    Suggested Use

    Law Firm Restaurant Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Gym & Fitness Center Grocery & Convenience Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Long Beach
    County
    Los Angeles
    State
    California
    Longitude
    -118.193449
    Latitude
    33.79669

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    FAQs

    What type of property is this?
    Live-work space - 2,000 sq ft mixed-use space ideal for creatives.
    Where is this live-work space located?
    The property is located at 2172 Pacific Long Beach, CA.
    What is the lease rate?
    The lease rate is $3,950 /Mo.
    What are key features of this property?
    This property features: Rare mixed‑use Live/Work space in Long Beach's Wrigley Village.; 2,000 sq. ft. with flexible layout suitable for various professional and creative uses.; Two separate street‑front entrances for client/visitor access or dual‑use setups.
    (310) 995-2057
    We can help!
    Listing Contact
    Anne Irvin
    Anne Irvin
    Real Estate License ID: 01938679
    Learn More
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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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