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    Long Beach Hospitality Property Title is generated by Realmo AI

    1047 Pacific Avenue 1059, Long Beach, CA 90813

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    For Sale
    $3,995,000

    Commercial Sale - Long Beach, CA

    Property size:
    5,557 SF
    Price / SF:
    $718/SF
    Added:
    Oct 19, 2025
    Days on Market:
    207
    Last Refresh:
    May 13 at 6:06 am

    Property Features for 1047 Pacific Avenue 1059

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    APN
    7272005051
    Size
    5,557 SF

    Utilities

    Cooling system
    Central Air

    Building Details

    Year built
    1958
    Architectural style
    Other

    We can help!

    Listing Contact
    Danny Stojakovic

    Listing agent Danny Stojakovic License #01948130

    Listing office Berkshire Hathaway HomeServices California Properties 3728 Atlantic Ave., Hacienda Heights, CA

    Listing date Oct 19, 2025

    MLS# PW25238641 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

    • Newly remodeled property with up‑to‑date permits and licenses.
    • Located in Downtown Long Beach, near Pine Ave and heavy development.
    • Double lot with ample parking and storage.
    • Includes land, structure(s), and existing business in the sale.
    • Features 17 rooms with bathrooms, plus 2 bonus rooms and manager's quarters/office.
    • Upgraded electrical and plumbing in two structures; central air cooling.

    Overview

    Located in Downtown Long Beach, this hospitality property is minutes from Pine Avenue and benefits from heavy development in the area. The sale includes the land, structure, and business. The property features 17 rooms with bathrooms, along with 2 bonus rooms and manager's quarters/office. The property has been newly remodeled, and all permits and licenses are up to date. Each room has a bath, and 2 rooms are ADA compliant. The property consists of 2 structures with upgraded electrical and plumbing. A laundry area is available for housekeeping and is currently used for storage. The property offers opportunities with a double lot, parking, and storage. The property size is 5557 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    vival Corporate Office

    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.

    Similar Places Nearby

    • The Varden Hotel — 335 Pacific Ave, Long Beach, CA 90802
    • Tony Neader — 420 Cedar Ave, Long Beach, CA 90802
    • Bay Hotel — 314 Elm Ave, Long Beach, CA 90802
    • Level Long Beach — 330 E 3rd St, Long Beach, CA 90802
    • The Seaside Siesta — 720 W 4th St, Long Beach, CA 90802

    Location Insight

    • Map
    • Local Demand
    City
    Long Beach
    County
    Los Angeles
    State
    California
    Longitude
    -118.1941292
    Latitude
    33.7798874

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    FAQs

    What type of property is this?
    Motel - Downtown Long Beach motel with development potential.
    Where is this motel located?
    The property is located at 1047 Pacific Avenue 1059 Long Beach, CA.
    What is the asking price?
    The asking price for this property is $3,995,000.
    What are key features of this property?
    This property features: Newly remodeled property with up‑to‑date permits and licenses.; Located in Downtown Long Beach, near Pine Ave and heavy development.; Double lot with ample parking and storage.
    (562) 842-6036
    We can help!
    Listing Contact
    Danny Stojakovic
    Real Estate License ID: 01948130
    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.

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