Historic Art Deco
For Sale
$135,000
140 Linden Ave 288, Long Beach, CA 90802
Compact commercial space in Long Beach's vibrant East Village.
Property Size290 SF
Lot Size0.77 Acres
Days on Market153
Property Features for 140 Linden Ave 288
General Information
Standard status
Active
Size
290 SF
Lot size
0.77 Acres
Property subtype
Commercial
Building Details
Building Size
290 SF
Year Built
1928
Units
173
Listing Agency:
Listed By:
Deborah Natasha Carlisle
Source:
Elliman
Added: Mar 12
Changed: Aug 8
Last Checked: Aug 8 at 6:21AM
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 Deborah Natasha Carlisle
Investment Insights
Based on property information with market context.
Located in the East Village Arts District of historic Long Beach, Unit 288 in The Lafayette is a compact commercial office-studio within a boutique Art Deco building. The unit features a full bathroom with a tub and shower, and an open layout. East-facing Deco-style windows provide natural light. Situated in a walkable area, the property is near boutiques, cafes, galleries, and the beach. The Lafayette is located between Linden and Broadway, offering access to downtown and the shoreline. This studio is suitable for a minimalistic office space, an artist's studio, or investment. The location provides access to eateries, shops, and the Pacific coast. The Lafayette offers architecture from the 1920s with modern convenience.
Key Highlights
- Prime location in the East Village Arts District, a walker's paradise near boutiques, cafes, galleries, and the beach.
- Historic Art Deco building (The Lafayette) with unique character and 1920s architecture.
- Flexible open layout suitable for various uses (office, studio, investment).
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
$7,389
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
5.47%
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%
$147,780
$147.8K
Cap Rate 7%
$105,557
$105.6K
Cap Rate 9%
$82,100
$82.1K
Market Conditions
NOI Build-Up for 290 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
$13.2K $45.60/SF
− Vacancy
−$3.4K −$11.63/SF
EGI
$9.9K $33.97/SF
− OpEx
−$2.5K −$8.49/SF
NOI
$7.4K $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 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%
$147,780
Cap Rate 7%
$105,557
Cap Rate 9%
$82,100
Alternative Uses
Best Use
Office B
$105.6K
$92.4K – $123.2K
NOI $7,389 @ 7.0% cap · market cap 5.47%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$155.3K
$135.9K – $181.2K
NOI $10,869 @ 7.0% cap · market cap 8.05%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
5,127
Businesses Nearby
Explore this area
Business Placement
Demographics for 90802, CA
41,686
Population
25,055
Households
1.7
Avg Household Size
37
Median Age
44%
College-Educated
88%
High-School Grad
6.5 sq mi
ZIP Area
6,413
Density / Sq Mi
$72,152
Median Household Income
$52,011
Median Earnings
$1,855
Median Rent
$546,700
Median Home Value
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office units - Compact commercial space in Long Beach's vibrant East Village.
Where is this office units located?
The property is located at 140 Linden Ave 288 Long Beach, CA.
What is the asking price?
The asking price for this property is $135,000.
What are key features of this property?
This property features: Prime location in the East Village Arts District, a walker's paradise near boutiques, cafes, galleries, and the beach.; Historic Art Deco building (The Lafayette) with unique character and 1920s architecture.; Flexible open layout suitable for various uses (office, studio, investment).
