Spanish Colonial Revival Mixed-Use
1017 Obispo Avenue, Long Beach, CA 90804
For Sale
Contact for pricing
Office and residential uses occupy a 1928 building whose ground-floor occupant has expressed interest in leasing back its space.
Property Size8,296 SF
Lot Size0.34 Acres
Price / SF$265.19
Days on Market40
Property Features for 1017 Obispo Avenue
General Information
Standard status
Size
Net Rentable
Lot size
Property subtype
Site & Location
Neighborhood
Additional Details
Tenant in Place
Property Use
Building Details
Year Built
Buildings
Building Size
Construction
Listing Agency:
Marcus & Millichap - South Bay
Listed By:
Jeremy Kipp · License CA #02195768
(424) 405-3926
Source:
Crexi
Added: Oct 2
Changed: Nov 8
Last Checked: Nov 10 at 7:33AM
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 Marcus & Millichap - South Bay
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Built in 1928, this mixed-use property contains approximately 8,296 rentable square feet of office and residential space on a ±0.34-acre parcel measuring 14,850 square feet. Spanish Colonial Revival details include tile-roof awnings, arched openings and an upper-level balcony. Long Beach Pride occupies the ground floor and has expressed a desire to lease back its space.
The property is in an established Eastside Long Beach neighborhood near the Circle Area and the 4th Street “Retro Row” corridor. Downtown Long Beach, Belmont Shore and Long Beach Airport are identified as accessible destinations.
The property is in an established Eastside Long Beach neighborhood near the Circle Area and the 4th Street “Retro Row” corridor. Downtown Long Beach, Belmont Shore and Long Beach Airport are identified as accessible destinations.
Key Highlights
- Approximately 8,296 rentable square feet of office and residential space
- ±0.34‑acre parcel (14,850 square feet)
- Constructed in 1928 with tile‑roof awnings, arched openings and an upper‑level balcony
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$144,662
Cap Rate
6.58%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,893,240
$2.9M
Cap Rate 7%
$2,066,600
$2.1M
Cap Rate 9%
$1,607,356
$1.6M
Market Conditions
NOI Build-Up for 8,296 SF
Gross rent
$248.9K $30.00/SF
− Vacancy
−$17.4K −$2.10/SF
EGI
$231.5K $27.90/SF
− OpEx
−$86.8K −$10.46/SF
NOI
$144.7K $17.44/SF
Area
Long Beach, CA
Vacancy
7.00%
Lease Rate
$30.00 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,893,240
Cap Rate 7%
$2,066,600
Cap Rate 9%
$1,607,356
Alternative Uses
Best Use
Office B
$3.02M
$2.64M – $3.52M
NOI $211,374 @ 7.0% cap · market cap 9.61%
Second Best
Mixed Use
$2.07M
$1.81M – $2.41M
NOI $144,662 @ 7.0% cap · market cap 6.58%
Theoretical Best
Office A
$4.44M
$3.89M – $5.18M
NOI $310,915 @ 7.0% cap · market cap 14.13%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
2,284
Businesses Nearby
Explore this area
Business Placement
Demographics for 90804, CA
39,370
Population
15,998
Households
2.5
Avg Household Size
33
Median Age
30%
College-Educated
75%
High-School Grad
2.2 sq mi
ZIP Area
17,895
Density / Sq Mi
$68,940
Median Household Income
$38,914
Median Earnings
$1,801
Median Rent
$673,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Average Price Trend$/SF for Mixed-use properties in Long Beach, CA
Properties on Market for Mixed-use properties in Long Beach
Vacancy Rate% for Office in West region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Office and residential uses occupy a 1928 building whose ground-floor occupant has expressed interest in leasing back its space.
Where is this mixed-use property located?
The property is located at 1017 Obispo Avenue Long Beach, CA.
What is the asking price?
The asking price for this property is $2,200,000.
What are key features of this property?
This property features: Approximately 8,296 rentable square feet of office and residential space; ±0.34‑acre parcel (14,850 square feet); Constructed in 1928 with tile‑roof awnings, arched openings and an upper‑level balcony
