Three-Unit Mixed-Use
New
For Sale
$999,000
3937 Long Bch, Long Beach, CA 90807
Mixed-use building with two occupied residential units and a vacant ground-floor space for flexible permitted use.
Property Size2,240 SF
Days on Market4
Property Features for 3937 Long Bch
General Information
Standard status
Active
Size
2,240 SF
Property subtype
Investment
Zoning
LBCCA
Site & Location
Highway Access
Yes
Road Access
Yes
Public Transit
Yes
Building Details
Building Size
2,240 SF
Year Built
1923
Stories
1
Units
3
Listing Agency:
INTI Realty
Listed By:
Giannina Silva · License #01408839
(562) 248-2193
Source:
Elliman
Added: Sep 4
Last Checked: Sep 7 at 5:45AM
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 INTI Realty
Investment Insights
Based on property information with market context.
Located at 3937 Long Beach Boulevard, this mixed-use property contains three separate units. The upper level includes a two-bedroom, two-bath residential unit, while the ground floor has two one-bedroom, one-bath units. One ground-floor unit includes two distinct front entrances; the other has a private side entrance. Units A and B are occupied by long-term residential tenants, and Unit C will be delivered vacant.
The property is zoned Community Commercial Auto-Oriented (LBCCA), supporting potential commercial and residential uses subject to City approval and verification. The site fronts Long Beach Boulevard between Bixby Knolls and California Heights, with access to the 405 and 710 freeways and proximity to Long Beach Airport. Walk Score is 80, Transit Score is 60, and Bike Score is 75.
The property is zoned Community Commercial Auto-Oriented (LBCCA), supporting potential commercial and residential uses subject to City approval and verification. The site fronts Long Beach Boulevard between Bixby Knolls and California Heights, with access to the 405 and 710 freeways and proximity to Long Beach Airport. Walk Score is 80, Transit Score is 60, and Bike Score is 75.
Key Highlights
- Three separate units: one 2‑bedroom, 2‑bath unit and two 1‑bedroom, 1‑bath units
- Units A and B occupied by long‑term residential tenants; Unit C delivered vacant
- Ground‑floor Unit C includes a private side entrance and flexible permitted‑use potential
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
$48,161
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
4.82%
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%
$963,220
$963.2K
Cap Rate 7%
$688,014
$688.0K
Cap Rate 9%
$535,122
$535.1K
Market Conditions
NOI Build-Up for 2,240 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
$72.6K $32.40/SF
− Vacancy
−$3.8K −$1.68/SF
EGI
$68.8K $30.72/SF
− OpEx
−$20.6K −$9.21/SF
NOI
$48.2K $21.50/SF
Area
Long Beach, CA
Vacancy
5.20%
Lease Rate
$32.40 /SF/Yr
Expense Ratio
30.00%
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%
$963,220
Cap Rate 7%
$688,014
Cap Rate 9%
$535,122
Alternative Uses
Best Use
Multifamily LT 5
$688.0K
$602.0K – $802.7K
NOI $48,161 @ 7.0% cap · market cap 4.82%
Second Best
Apartment 5plus
$612.0K
$535.5K – $714.0K
NOI $42,837 @ 7.0% cap · market cap 4.29%
Theoretical Best
Office A
$1.20M
$1.05M – $1.40M
NOI $83,950 @ 7.0% cap · market cap 8.40%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
2,676
Businesses Nearby
Explore this area
Business Placement
Demographics for 90807, CA
32,412
Population
13,345
Households
2.4
Avg Household Size
41
Median Age
45%
College-Educated
90%
High-School Grad
4.4 sq mi
ZIP Area
7,366
Density / Sq Mi
$95,079
Median Household Income
$56,392
Median Earnings
$1,892
Median Rent
$832,200
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Mixed-use building with two occupied residential units and a vacant ground-floor space for flexible permitted use.
Where is this mixed-use property located?
The property is located at 3937 Long Bch Long Beach, CA.
What is the asking price?
The asking price for this property is $999,000.
What are key features of this property?
This property features: Three separate units: one 2‑bedroom, 2‑bath unit and two 1‑bedroom, 1‑bath units; Units A and B occupied by long‑term residential tenants; Unit C delivered vacant; Ground‑floor Unit C includes a private side entrance and flexible permitted‑use potential
