Westside Long Beach Industrial
For Sale
$2,599,000
1445 Santa Fe Ave, Long Beach, CA 90813
Versatile industrial building in Long Beach Cannabis Green Zone.
Property Size5,786 SF
Lot Size0.30 Acres
Price / SF$449.19
Days on Market166
Property Features for 1445 Santa Fe Ave
General Information
Standard status
Active
Size
5,786 SF
Lot size
0.30 Acres
Property subtype
Industrial
Building Details
Building Size
5,786 SF
Year Built
1980
Listing Agency:
(562) 726-2515
Listed By:
Bret Lewis · License #01872524
Source:
Elliman
Added: Mar 11
Changed: Aug 15
Last Checked: Aug 22 at 10:51AM
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 Bret Lewis
Investment Insights
Based on property information with market context.
Located on the westside of Long Beach, this Class B masonry industrial building was built in 1980 on a 0.30-acre lot. The property offers 5,786 square feet of space with 22-foot ceilings. The building is naturally divisible with two separate addresses and electrical meters, making it suitable for owner-users, investors, or multi-tenant use. It is located in the Long Beach Cannabis Green Zone, which features a low cannabis tax rate for cultivation, manufacturing, and distribution. The facility includes 3,000 amps, 3-phase electrical service with a 120/240V meter main distribution panel. Climate control is provided by two 4-ton central HVAC condensers and six mini-splits for custom zoning. There are 22 on-site parking stalls distributed across two lots. The front lot has five standard stalls plus one ADA stall, while the rear lot has nine standard stalls and one ADA stall. Security features include a central burglar alarm system with door and motion sensors, interior and exterior cameras with remote monitoring, and exterior floodlighting on timers. Interior features include a full-scale commercial kitchen, four bathrooms, multiple office areas, and high-speed fiber internet supported by an enterprise-grade Ubiquiti Wi-Fi network. Included in the sale are fixtures and furnishings such as a commercial kitchen, office furniture, stainless steel tables, and stainless steel shelving. The property is currently leased at $19,000 per month. The tenant is open to negotiating a reduction in the remaining lease term. Cannabis licenses are available for negotiation as part of the transaction, including Type N Infusion Manufacturing, Type 6 Manufacturing, and Type 11 Distribution licenses.
Key Highlights
- Valuable cannabis licenses (Type N Infusion Manufacturing, Type 6 Manufacturing, and Type 11 Distribution for both medical and adult‑use) negotiable with the sale.
- Heavy power: Equipped with 3,000 amps, 3‑phase electrical service.
- Currently leased at $19,000/month with tenant open to negotiating lease term.
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
$82,105
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
3.16%
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%
$1,642,100
$1.6M
Cap Rate 7%
$1,172,929
$1.2M
Cap Rate 9%
$912,278
$912.3K
Market Conditions
NOI Build-Up for 5,786 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
$102.8K $17.76/SF
− Vacancy
−$6.2K −$1.07/SF
EGI
$96.6K $16.69/SF
− OpEx
−$14.5K −$2.50/SF
NOI
$82.1K $14.19/SF
Area
ZIP 90813
Vacancy
6.00%
Lease Rate
$17.76 /SF/Yr
Expense Ratio
15.00%
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%
$1,642,100
Cap Rate 7%
$1,172,929
Cap Rate 9%
$912,278
Alternative Uses
Best Use
Warehouse
$1.17M
$1.03M – $1.37M
NOI $82,105 @ 7.0% cap · market cap 3.16%
Second Best
Industrial
$965.9K
$845.2K – $1.13M
NOI $67,616 @ 7.0% cap · market cap 2.60%
Theoretical Best
Multifamily LT 5
$1.90M
$1.66M – $2.22M
NOI $132,990 @ 7.0% cap · market cap 5.12%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
885
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 Industrial 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?
Manufacturing property - Versatile industrial building in Long Beach Cannabis Green Zone.
Where is this manufacturing property located?
The property is located at 1445 Santa Fe Ave Long Beach, CA.
What is the asking price?
The asking price for this property is $2,599,000.
What are key features of this property?
This property features: Valuable cannabis licenses (Type N Infusion Manufacturing, Type 6 Manufacturing, and Type 11 Distribution for both medical and adult‑use) negotiable with the sale.; Heavy power: Equipped with 3,000 amps, 3‑phase electrical service.; Currently leased at $19,000/month with tenant open to negotiating lease term.
