Two-Story Retail Storefront
For Sale
$1,895,000
129 5th Street, Long Beach, CA 90802
Vacant two-story storefront with built-out interior areas, kitchen, and restrooms, totaling about 15,000 SF including basement.
Property Size10,000 SF
Price / SF$189.50
Days on Market125
Property Features for 129 5th Street
General Information
Standard status
Active
Size
10,000 SF
Property subtype
Retail
Building Details
Year Built
1942
Stories
2
Listing Agency:
Broadmoor Realty, Inc.
(562) 587-9000
Listed By:
Michael Robinson · License #00597913
Source:
Xome
Added: Mar 29
Changed: Jul 10
Last Checked: Jul 30 at 4:58AM
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 Broadmoor Realty, Inc.
Investment Insights
Based on property information with market context.
This is a large, classic mid-century, two-story commercial storefront building currently offered for sale and presented as a practical option for an owner-user or investor. The property is vacant and includes approximately 10,000 square feet of building space plus an additional 5,000 square foot basement. Inside, the space is already built out with lobby areas, multiple rooms, a kitchen, and restrooms, supporting a range of retail, office, or service-oriented operating concepts without requiring start-from-scratch interior work.
The building is located near Pine Avenue, just west of the East Village Arts District, and about one mile from the Long Beach waterfront and Shoreline Village. The surrounding Downtown Long Beach area is described in the offering as being in the midst of major revitalization, with significant planned and ongoing redevelopment activity.
For tenants or buyers seeking a Downtown Long Beach commercial property with a substantial interior footprint and existing improvements, the ready-to-use layout can help streamline occupancy planning. The seller indicates they may offer financing via a new First Trust Deed with 35% down for qualified terms, subject to negotiation.
The building is located near Pine Avenue, just west of the East Village Arts District, and about one mile from the Long Beach waterfront and Shoreline Village. The surrounding Downtown Long Beach area is described in the offering as being in the midst of major revitalization, with significant planned and ongoing redevelopment activity.
For tenants or buyers seeking a Downtown Long Beach commercial property with a substantial interior footprint and existing improvements, the ready-to-use layout can help streamline occupancy planning. The seller indicates they may offer financing via a new First Trust Deed with 35% down for qualified terms, subject to negotiation.
Key Highlights
- Vacant two‑story commercial storefront building with approximately 10,000 SF above grade
- Additional approximately 5,000 SF basement space
- Interior built out with lobby areas, multiple rooms, a kitchen, and restrooms
Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $252.0k | $25.20 |
| − Vacancy | −$16.4k | −$1.64 |
| EGI | $235.6k | $23.56 |
| − OpEx | −$70.7k | −$7.07 |
| NOI | $164.9k | $16.49 |
10,000 SF · lease $25.20/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Retail
$2.36M
$2.06M – $2.75M
NOI $164,934 @ 7.0% cap · market cap 8.70%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$5.35M
$4.68M – $6.25M
NOI $374,777 @ 7.0% cap · market cap 19.78%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
717
Businesses Nearby
814
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Apparel 100%
Shoe Palace
Apparel
814 visits/mo
0.1 miles
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 Retail in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Storefront property - Vacant two-story storefront with built-out interior areas, kitchen, and restrooms, totaling about 15,000 SF including basement.
Where is this storefront property located?
The property is located at 129 5th Street Long Beach, CA.
What is the asking price?
The asking price for this property is $1,895,000.
What are key features of this property?
This property features: Vacant two‑story commercial storefront building with approximately 10,000 SF above grade; Additional approximately 5,000 SF basement space; Interior built out with lobby areas, multiple rooms, a kitchen, and restrooms
