Long Beach Mixed-Use
For Sale
Contact for pricing
1331 Atlantic, Long Beach, CA 90813
Spacious lot in central Long Beach with mixed-use potential.
Property Size2,211 SF
Price / SF$431.93
Days on Market359
Property Features for 1331 Atlantic
General Information
Standard status
Active
Size
2,211 SF
Property subtype
Land
Zoning
RMU4-A
Listing Agency:
Khosrow Shirzad, Broker
Listed By:
Khosrow Shirzad · License #01061078
Source:
Crexi
Added: Aug 15, 2025
Changed: Aug 8
Last Checked: Aug 8 at 6:25AM
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 Khosrow Shirzad, Broker
Investment Insights
Based on property information with market context.
This spacious lot is located in central Long Beach, offering proximity to schools, retail establishments, St. Mary's Hospital, restaurants, bus lines, and freeways. It is zoned for Multi-Family Residential Mixed Use (RMU4 A-Series). According to the City, the zoning allows for buildings up to 5 stories (75 ft. height) with no density or parking restrictions. The sale includes existing renovated residential and commercial units totaling 2,211 square feet, as per county records. Oil and gas royalties are included in the sale. The property is not subject to rent control. The information provided is deemed reliable but not guaranteed, and buyers are advised to independently verify all information related to the property. The owner is an agent.
Key Highlights
- Development potential: RMU4 A‑Series zoning allows for up to 5 stories (75 ft. height) with no density or parking restrictions.
- Oil and gas royalties included in the sale.
- Not subject to rent control.
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
$37,311
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
3.91%
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%
$746,220
$746.2K
Cap Rate 7%
$533,014
$533.0K
Cap Rate 9%
$414,567
$414.6K
Market Conditions
NOI Build-Up for 2,211 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
$66.3K $30.00/SF
− Vacancy
−$6.6K −$3.00/SF
EGI
$59.7K $27.00/SF
− OpEx
−$22.4K −$10.13/SF
NOI
$37.3K $16.88/SF
Area
ZIP 90813
Vacancy
10.00%
Lease Rate
$30.00 /SF/Yr
Expense Ratio
37.50%
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%
$746,220
Cap Rate 7%
$533,014
Cap Rate 9%
$414,567
Alternative Uses
Best Use
Mixed Use
$533.0K
$466.4K – $621.9K
NOI $37,311 @ 7.0% cap · market cap 3.91%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$726.0K
$635.2K – $847.0K
NOI $50,819 @ 7.0% cap · market cap 5.32%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
3,185
Businesses Nearby
Explore this area
Business Placement
Demographics for 90813, CA
54,565
Population
18,603
Households
2.9
Avg Household Size
32
Median Age
16%
College-Educated
63%
High-School Grad
3.1 sq mi
ZIP Area
17,602
Density / Sq Mi
$50,302
Median Household Income
$31,450
Median Earnings
$1,578
Median Rent
$543,700
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential land & home lot - Spacious lot in central Long Beach with mixed-use potential.
Where is this residential land & home lot located?
The property is located at 1331 Atlantic Long Beach, CA.
What is the asking price?
The asking price for this property is $955,000.
What are key features of this property?
This property features: Development potential: RMU4 A‑Series zoning allows for up to 5 stories (75 ft. height) with no density or parking restrictions.; Oil and gas royalties included in the sale.; Not subject to rent control.
