Long Beach Office Building For
For Sale
$2,200,000
1040-1042 E Wardlow Rd., Long Beach, CA 90807
Office building with 4,783 square feet of space.
Property Size4,783 SF
Price / SF$459.96
Days on Market206
Property Features for 1040-1042 E Wardlow Rd.
General Information
Standard status
Active
Size
4,783 SF
Property subtype
Office
Site & Location
Neighborhood
California Heights
Building Details
Building Size
4,783 SF
Year Built
1974
Stories
1
Properties For Sale
at 1040-1042 E Wardlow Rd.
Available Space
Not For Lease
Size
4,783 SF
Listing Agency:
Daum Commercial
Listed By:
Chuck Brill · License #CA 00974881
(310) 538-6710
Source:
Daumcommercial
Added: Apr 3
Changed: Oct 23
Last Checked: Oct 24 at 1:22PM
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 Daum Commercial
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Investment Insights
Based on property information with market context.
This commercial real estate offering features an office building with a total area of 4,783 square feet. The property is located in Long Beach, California.
Key Highlights
- Office building with 4,783 square feet of space.
- Built in 1974.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$121,866
Cap Rate
5.54%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,437,320
$2.4M
Cap Rate 7%
$1,740,943
$1.7M
Cap Rate 9%
$1,354,067
$1.4M
Market Conditions
NOI Build-Up for 4,783 SF
Gross rent
$218.1K $45.60/SF
− Vacancy
−$55.6K −$11.63/SF
EGI
$162.5K $33.97/SF
− OpEx
−$40.6K −$8.49/SF
NOI
$121.9K $25.48/SF
Area
Long Beach, CA
Vacancy
25.50%
Lease Rate
$45.60 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,437,320
Cap Rate 7%
$1,740,943
Cap Rate 9%
$1,354,067
Alternative Uses
Best Use
Office B
$1.74M
$1.52M – $2.03M
NOI $121,866 @ 7.0% cap · market cap 5.54%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.56M
$2.24M – $2.99M
NOI $179,256 @ 7.0% cap · market cap 8.15%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
3,115
Businesses Nearby
Explore this area
Business Placement
Demographics for 90807, CA
32,412
Population
13,345
Households
2.4
Avg Household Size
41
Median Age
45%
College-Educated
90%
High-School Grad
4.4 sq mi
ZIP Area
7,366
Density / Sq Mi
$95,079
Median Household Income
$56,392
Median Earnings
$1,892
Median Rent
$832,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in West region
Frequently Asked Questions
What type of property is this?
Office building - Office building with 4,783 square feet of space.
Where is this office building located?
The property is located at 1040-1042 E Wardlow Rd. 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: Office building with 4,783 square feet of space.; Built in 1974.
