Renovated Retail Building Near
For Sale
Contact for pricing
1241 E Artesia Blvd, Long Beach, CA 90805
Single-tenant retail building near Compton College and Gateway Towne Center.
Property Size5,126 SF
Price / SF$390.17
Days on Market564
Property Features for 1241 E Artesia Blvd
General Information
Standard status
Active
Size
5,126 SF
Property subtype
Retail
Zoning
CL
Investment Type
Owner/User
Building Details
Year Built
1979
Year Renovated
2015
Buildings
1
Stories
1
Listing Agency:
Matthews
Listed By:
Christine Baker · License #02249827
Source:
Crexi
Added: Feb 12, 2025
Changed: Aug 25
Last Checked: Aug 29 at 3:05PM
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 Matthews
Investment Insights
Based on property information with market context.
The property at 1241 E Artesia Blvd, Compton, CA, is a single-tenant retail building that was renovated in 2015. The property is currently occupied by Artesia Discount. It offers a retail location with visibility and foot traffic. The property is strategically positioned adjacent to Compton College, Gateway Towne Center, and Crystal Casino, with a mix of national and local businesses, as well as established residential communities nearby. The sale includes the option to acquire the operating business.
Key Highlights
- Prime retail location with excellent visibility and foot traffic.
- Option to acquire the operating business (Artesia Discount) along with the real estate.
- Strategically located adjacent to Compton College, Gateway Towne Center, and Crystal Casino.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$70,917
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.55%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,418,340
$1.4M
Cap Rate 7%
$1,013,100
$1.0M
Cap Rate 9%
$787,967
$788.0K
Market Conditions
NOI Build-Up for 5,126 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$110.7K $21.60/SF
− Vacancy
−$9.4K −$1.84/SF
EGI
$101.3K $19.76/SF
− OpEx
−$30.4K −$5.93/SF
NOI
$70.9K $13.83/SF
Area
ZIP 90805
Vacancy
8.50%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,418,340
Cap Rate 7%
$1,013,100
Cap Rate 9%
$787,967
Alternative Uses
Best Use
Retail
$1.01M
$886.5K – $1.18M
NOI $70,917 @ 7.0% cap · market cap 3.55%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.54M
$1.34M – $1.79M
NOI $107,474 @ 7.0% cap · market cap 5.37%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
740
Businesses Nearby
140k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 51%
Shops & Services 29%
Groceries 20%
Starbucks
Dining
28,032 visits/mo
0.4 miles
Big Saver Foods
Groceries
27,776 visits/mo
0.0 miles
Jack in the Box
Dining
21,931 visits/mo
0.5 miles
Chase Bank
Shops & Services
20,933 visits/mo
0.5 miles
Taco Bell
Dining
14,169 visits/mo
0.5 miles
Demographics for 90805, CA
95,350
Population
28,954
Households
3.3
Avg Household Size
34
Median Age
18%
College-Educated
74%
High-School Grad
7.4 sq mi
ZIP Area
12,885
Density / Sq Mi
$68,615
Median Household Income
$34,948
Median Earnings
$1,664
Median Rent
$588,500
Median Home Value
Market
Vacancy Rate% for Retail in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - Single-tenant retail building near Compton College and Gateway Towne Center.
Where is this retail space located?
The property is located at 1241 E Artesia Blvd Long Beach, CA.
What is the asking price?
The asking price for this property is $2,000,000.
What are key features of this property?
This property features: Prime retail location with excellent visibility and foot traffic.; Option to acquire the operating business (Artesia Discount) along with the real estate.; Strategically located adjacent to Compton College, Gateway Towne Center, and Crystal Casino.
