Two-Story Storefront
For Sale
$1,795,000
129 W 5th St, Long Beach, CA 90802
Vacant commercial building with lobby areas, multiple rooms, kitchen, and restrooms near Downtown Long Beach amenities.
Property Size10,000 SF
Price / SF$179.50
Days on Market48
Property Features for 129 W 5th St
General Information
Standard status
Active
Size
10,000 SF
Building Details
Year Built
1942
Buildings
1
Stories
2
Construction
classic mid-century
Listing Agency:
Broadmoor Realty, Inc.
Listed By:
Michael Robinson · License #00597913
(562) 857-9000
Source:
Myfabuloushome
Added: Aug 30
Changed: Oct 5
Last Checked: Oct 7 at 4:16PM
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.
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Investment Insights
Based on property information with market context.
This vacant, two-story storefront property provides approximately 10,000 square feet of building space along with a 5,000-square-foot basement. The interior includes lobby areas, multiple rooms, a kitchen, and restrooms, offering an established commercial layout within a substantial building constructed in 1942.
The property is near Pine Avenue, west of the East Village Arts District, and approximately one mile from the Long Beach waterfront and Shoreline Village. Its Downtown Long Beach setting places the building near the ongoing revitalization activity described for the surrounding area. The existing configuration provides a combination of public-facing areas, private rooms, and support space for commercial occupancy.
The property is near Pine Avenue, west of the East Village Arts District, and approximately one mile from the Long Beach waterfront and Shoreline Village. Its Downtown Long Beach setting places the building near the ongoing revitalization activity described for the surrounding area. The existing configuration provides a combination of public-facing areas, private rooms, and support space for commercial occupancy.
Key Highlights
- Approximately 10,000 square feet of building space
- Additional 5,000‑square‑foot basement
- Two‑story commercial storefront building constructed in 1942
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$164,934
Cap Rate
9.19%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,298,680
$3.3M
Cap Rate 7%
$2,356,200
$2.4M
Cap Rate 9%
$1,832,600
$1.8M
Market Conditions
NOI Build-Up for 10,000 SF
Gross rent
$252.0K $25.20/SF
− Vacancy
−$16.4K −$1.64/SF
EGI
$235.6K $23.56/SF
− OpEx
−$70.7K −$7.07/SF
NOI
$164.9K $16.49/SF
Area
Long Beach, CA
Vacancy
6.50%
Lease Rate
$25.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,298,680
Cap Rate 7%
$2,356,200
Cap Rate 9%
$1,832,600
Alternative Uses
Best Use
Retail
$2.36M
$2.06M – $2.75M
NOI $164,934 @ 7.0% cap · market cap 9.19%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$5.35M
$4.68M – $6.25M
NOI $374,777 @ 7.0% cap · market cap 20.88%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
23,185
Businesses Nearby
Well-served
Demand for This Use
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in West region
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Frequently Asked Questions
What type of property is this?
Storefront property - Vacant commercial building with lobby areas, multiple rooms, kitchen, and restrooms near Downtown Long Beach amenities.
Where is this storefront property located?
The property is located at 129 W 5th St Long Beach, CA.
What is the asking price?
The asking price for this property is $1,795,000.
What are key features of this property?
This property features: Approximately 10,000 square feet of building space; Additional 5,000‑square‑foot basement; Two‑story commercial storefront building constructed in 1942
