Commercial Land with Hotel
For Sale
$3,850,000
154 Elm Avenue, Long Beach, CA 90802
A grandfathered hotel entitlement adds a hospitality component to the site's development profile.
Property Size7,500 SF
Price / SF$513.33
Days on Market65
Property Features for 154 Elm Avenue
General Information
Standard status
Active
Size
7,500 SF
Property subtype
COMMERCIAL
Site & Location
Neighborhood
East Village
Building Details
Building Size
7,500 SF
Year Built
1921
Listing Agency:
Douglas Elliman of California, Inc.
(310) 893-9981
Listed By:
Elena Tarasova · License #01718015
(424) 203-1800
Source:
Monumentglobalestates
Added: Aug 27
Changed: Oct 29
Last Checked: Oct 29 at 10:59AM
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 Douglas Elliman of California, Inc.
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Commercial land at 154 Elm Ave in Long Beach carries a grandfathered hotel entitlement. The site is in the East Village Arts District, within Downtown Long Beach.
Metro transit, the waterfront, and beaches are among the nearby destinations. The Long Beach Convention Center, Queen Mary, cruise terminal, and The Pike Outlets are also identified in the surrounding area.
Metro transit, the waterfront, and beaches are among the nearby destinations. The Long Beach Convention Center, Queen Mary, cruise terminal, and The Pike Outlets are also identified in the surrounding area.
Key Highlights
- Grandfathered hotel entitlement
- Located in Downtown Long Beach’s East Village Arts District
- Near Metro transit, waterfront, and beaches
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$130,781
Cap Rate
3.40%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,615,620
$2.6M
Cap Rate 7%
$1,868,300
$1.9M
Cap Rate 9%
$1,453,122
$1.5M
Market Conditions
NOI Build-Up for 7,500 SF
Gross rent
$225.0K $30.00/SF
− Vacancy
−$15.8K −$2.10/SF
EGI
$209.3K $27.90/SF
− OpEx
−$78.5K −$10.46/SF
NOI
$130.8K $17.44/SF
Area
Long Beach, CA
Vacancy
7.00%
Lease Rate
$30.00 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,615,620
Cap Rate 7%
$1,868,300
Cap Rate 9%
$1,453,122
Alternative Uses
Best Use
Mixed Use
$1.87M
$1.63M – $2.18M
NOI $130,781 @ 7.0% cap · market cap 3.40%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$4.02M
$3.51M – $4.68M
NOI $281,083 @ 7.0% cap · market cap 7.30%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
5,127
Businesses Nearby
Explore this area
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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Cap Rate, Value Estimation, Potential NOI and more
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Frequently Asked Questions
What type of property is this?
Commercial land - A grandfathered hotel entitlement adds a hospitality component to the site's development profile.
Where is this commercial land located?
The property is located at 154 Elm Avenue Long Beach, CA.
What is the asking price?
The asking price for this property is $3,850,000.
What are key features of this property?
This property features: Grandfathered hotel entitlement; Located in Downtown Long Beach’s East Village Arts District; Near Metro transit, waterfront, and beaches
