Office Unit in Historic
For Sale
$194,000
140 Linden Avenue 290, Long Beach, CA 90802
The unit is located in the Lafayette Building, constructed in 1928.
Property Size268 SF
Price / SF$723.88
Days on Market206
Property Features for 140 Linden Avenue 290
General Information
Standard status
Active
Size
268 SF
Property subtype
Apartment
Site & Location
Neighborhood
East Village
Additional Details
Property Use
Office
Building Details
Building Size
268 SF
Year Built
1928
Listing Agency:
eXp Realty of Southern Califor
(626) 632-2288
Listed By:
Deanna Vela · License #02080652
(888) 294-1415
Source:
Laroccarealestate
Added: Apr 8
Changed: Oct 27
Last Checked: Oct 27 at 3:14AM
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 eXp Realty of Southern Califor
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Investment Insights
Based on property information with market context.
This office unit occupies space in the Lafayette Building, a structure completed in 1928. The property is at 140 Linden Avenue in Long Beach, California.
The surrounding area includes galleries, cafes, restaurants, and shopping, with the beach and downtown Long Beach within walking distance.
The surrounding area includes galleries, cafes, restaurants, and shopping, with the beach and downtown Long Beach within walking distance.
Key Highlights
- Office space in the Lafayette Building
- Building dates to 1928
- At 140 Linden Avenue, Long Beach
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$6,828
Cap Rate
3.52%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$136,560
$136.6K
Cap Rate 7%
$97,543
$97.5K
Cap Rate 9%
$75,867
$75.9K
Market Conditions
NOI Build-Up for 268 SF
Gross rent
$12.2K $45.60/SF
− Vacancy
−$3.1K −$11.63/SF
EGI
$9.1K $33.97/SF
− OpEx
−$2.3K −$8.49/SF
NOI
$6.8K $25.48/SF
Area
Long Beach, CA
Vacancy
25.50%
Lease Rate
$45.60 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$136,560
Cap Rate 7%
$97,543
Cap Rate 9%
$75,867
Alternative Uses
Best Use
Office B
$97.5K
$85.4K – $113.8K
NOI $6,828 @ 7.0% cap · market cap 3.52%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$143.5K
$125.6K – $167.4K
NOI $10,044 @ 7.0% cap · market cap 5.18%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
5,127
Businesses Nearby
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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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Market
Vacancy Rate% for Office in West region
Frequently Asked Questions
What type of property is this?
Office unit - The unit is located in the Lafayette Building, constructed in 1928.
Where is this office unit located?
The property is located at 140 Linden Avenue 290 Long Beach, CA.
What is the asking price?
The asking price for this property is $194,000.
What are key features of this property?
This property features: Office space in the Lafayette Building; Building dates to 1928; At 140 Linden Avenue, Long Beach
