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    Two-Story Storefront Building in Long Beach Title is generated by Realmo AI

    129 W 5th Street, Long Beach, CA 90802

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    Claim this Listing
    For Sale
    $1,895,000

    Commercial Sale - Long Beach, CA

    Property size:
    10,000 SF
    Price / SF:
    $189/SF
    Added:
    May 9, 2026
    Days on Market:
    47
    Last Refresh:
    Jun 24 at 7:06 pm

    Property Features for 129 W 5th Street

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Zoning
    LBPD30
    Standard status
    Active
    APN
    7280004007
    Size
    10,000 SF

    Building Details

    Year built
    1942
    Architectural style
    Other

    We can help!

    Contact an agent
    Michael Robinson

    Listing agent Michael Robinson License #00597913

    Listing office Broadmoor Realty, Inc. 4401 Atlantic Ave Ste 200, Long Beach, CA

    Listing date May 9, 2026

    MLS# PW26100826 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

    • Large, 10,000 sq ft commercial building with a 5,000 sq ft basement.
    • Located in Downtown Long Beach, near Pine Avenue and the East Village Arts District.
    • Interior is already built out with lobby areas, multiple rooms, a kitchen, and restrooms.
    • Opportunity to capitalize on Long Beach's role as a major LA28 Olympic host city.
    • Classic mid‑century, two‑story commercial storefront building.
    • Owner may carry a new First Trust Deed with 35% down.

    Overview

    This large, two-story commercial storefront building is located near Pine Avenue, west of the East Village Arts District, and approximately one mile from the Long Beach waterfront and Shoreline Village. The property is situated in Downtown Long Beach, which, along with the adjacent East Village Arts District, is undergoing significant revitalization with billions of dollars in planned and ongoing redevelopment. Long Beach is also preparing to host multiple events for the LA28 Olympics. The building offers approximately 10,000 square feet of space, plus an additional 5,000 square foot basement. The interior includes lobby areas, multiple rooms, a kitchen, and restrooms. This vacant property presents an opportunity for an owner-user or investor seeking a substantial commercial property in Downtown Long Beach. Owner financing may be available with 35% down.

    Local 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 (±1% cap)
    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 (±1% cap)
    NOI $374,777 @ 7.0% cap · market cap 19.78%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Compassionate Artists Association / Organization Green Pines Creative ... Coworking & Hybrid Office

    Suggested Use

    Real Estate Agency Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Daycare Center Skin Care Clinic Gym & Fitness Center Pharmacy

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • Josy's Events — 455 Atlantic Ave, Long Beach, CA 90802
    • Ghilan Florals and Crafts Creations — 488 E Ocean Blvd UNIT 411, Long Beach, CA 90802
    • Vida Plant Shop — Long Beach, CA 90802
    • Curiosidades Janice — 1033 Long Beach Blvd, Long Beach, CA 90813
    • Flower Delivery Long Beach — 207 pine ave, long beach, ca 90802

    Location Insight

    • Map
    • Local Demand
    City
    Long Beach
    County
    Los Angeles
    State
    California
    Longitude
    -118.24764
    Latitude
    34.04624

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    FAQs

    What type of property is this?
    Storefront property - Large commercial building near Pine Avenue and East Village Arts District.
    Where is this storefront property located?
    The property is located at 129 W 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: Large, 10,000 sq ft commercial building with a 5,000 sq ft basement.; Located in Downtown Long Beach, near Pine Avenue and the East Village Arts District.; Interior is already built out with lobby areas, multiple rooms, a kitchen, and restrooms.
    (562) 857-9000
    We can help!
    Contact an agent
    Michael Robinson
    Real Estate License ID: 00597913
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