Office-Retail Building with
For Sale
$875,000
1425 Cherry, Long Beach, CA 90813
Zoned Commercial Office with private on-site parking and strong visibility along a major Long Beach corridor.
Property Size1,754 SF
Lot Size0.14 Acres
Price / SF$498.86
Days on Market67
Property Features for 1425 Cherry
General Information
Standard status
Active
Size
1,754 SF
Lot size
0.14 Acres
Zoning
CO
Building Details
Year Built
1966
Listing Agency:
Kenneth J Lickitwongse, BROKER
Listed By:
Kenneth Lickitwongse · License #01751136
(626) 590-8427
Source:
Myfabuloushome
Added: Jul 4
Changed: Sep 8
Last Checked: Sep 8 at 4:08AM
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 Kenneth J Lickitwongse, BROKER
Investment Insights
Based on property information with market context.
The property at 1425 Cherry Ave offers a high-exposure commercial building on a 6,083 sq ft lot. It is zoned Commercial Office (CO), and the seller notes that the designation may allow for a variety of office, retail, and service uses (buyer to verify). The offering also includes private on-site parking, a practical advantage in the immediate area.
The building is positioned for strong visibility on Cherry Avenue with traffic flow mentioned in the remarks. It is located near a Signal Hill retail hub that includes Costco Wholesale and The Home Depot, and it is surrounded by established businesses such as Starbucks, 7-Eleven, AutoZone, and Superior Grocers.
Prospective buyers should verify zoning, permitted uses, and all property details during their due diligence.
The building is positioned for strong visibility on Cherry Avenue with traffic flow mentioned in the remarks. It is located near a Signal Hill retail hub that includes Costco Wholesale and The Home Depot, and it is surrounded by established businesses such as Starbucks, 7-Eleven, AutoZone, and Superior Grocers.
Prospective buyers should verify zoning, permitted uses, and all property details during their due diligence.
Key Highlights
- 6,083 sq ft commercial lot with high‑exposure frontage on Cherry Avenue in Long Beach
- Zoned Commercial Office (CO), offering office, retail, and service uses (buyer to verify permitted uses)
- Private on‑site parking is included, a key advantage for this area
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
$27,772
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
3.17%
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%
$555,440
$555.4K
Cap Rate 7%
$396,743
$396.7K
Cap Rate 9%
$308,578
$308.6K
Market Conditions
NOI Build-Up for 1,754 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
$47.8K $27.24/SF
− Vacancy
−$10.8K −$6.13/SF
EGI
$37.0K $21.11/SF
− OpEx
−$9.3K −$5.28/SF
NOI
$27.8K $15.83/SF
Area
ZIP 90813
Vacancy
22.50%
Lease Rate
$27.24 /SF/Yr
Expense Ratio
25.00%
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%
$555,440
Cap Rate 7%
$396,743
Cap Rate 9%
$308,578
Alternative Uses
Best Use
Office B
$396.7K
$347.2K – $462.9K
NOI $27,772 @ 7.0% cap · market cap 3.17%
Second Best
Retail
$356.3K
$311.8K – $415.7K
NOI $24,940 @ 7.0% cap · market cap 2.85%
Theoretical Best
Multifamily LT 5
$575.9K
$503.9K – $671.9K
NOI $40,315 @ 7.0% cap · market cap 4.61%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,530
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
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Office building - Zoned Commercial Office with private on-site parking and strong visibility along a major Long Beach corridor.
Where is this office building located?
The property is located at 1425 Cherry Long Beach, CA.
What is the asking price?
The asking price for this property is $875,000.
What are key features of this property?
This property features: 6,083 sq ft commercial lot with high‑exposure frontage on Cherry Avenue in Long Beach; Zoned Commercial Office (CO), offering office, retail, and service uses (buyer to verify permitted uses); Private on‑site parking is included, a key advantage for this area
