Mixed-Use Property with Commercial
For Sale
$950,000
1540 E Wardlow, Long Beach, CA 90807
A two-bedroom residence accompanies three business spaces, including a rear unit with loft area and separate Walnut access.
Property Size1,580 SF
Price / SF$601.27
Days on Market230
Property Features for 1540 E Wardlow
General Information
Standard status
Active
Size
1,580 SF
Property subtype
Mixed Use
Site & Location
Neighborhood
California Heights
Road Access
Yes
Utilities to Site
Yes
Mixed-Use Components
residential, retail
Tenancy & Operations
Currently Operating
Yes
Tenant in Place
Yes
Building Details
Building Size
1,580 SF
Year Built
1956
Construction
Spanish
Tenancy
Multi
Listing Agency:
Re/Max R. E. Specialists
Listed By:
Jamee Lindberg · License #01107487
(562) 881-3811
Source:
Canadaygroup
Added: Mar 12
Changed: Oct 26
Last Checked: Oct 26 at 3:53PM
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 Re/Max R. E. Specialists
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Investment Insights
Based on property information with market context.
This mixed-use property combines a two-bedroom, two-bathroom house with three commercial spaces. The residence includes a one-car attached garage, a private rear yard, and a 200 AMP electrical panel with a 50 AMP generator connection. Commercial areas include two spaces accessible from E Wardlow and a rear space with a loft, storage, and access from Walnut. The property also has a large exterior storage garage.
Recent work includes a remodeled hall bathroom in the residence, remodeled bathrooms in two commercial spaces, new paint inside the commercial areas and on the exterior, replacement of the commercial-side main plumbing line, and a roof re-coat. Hardwired security cameras are installed. Built in 1956, the property is at 1540 E Wardlow in Long Beach.
Recent work includes a remodeled hall bathroom in the residence, remodeled bathrooms in two commercial spaces, new paint inside the commercial areas and on the exterior, replacement of the commercial-side main plumbing line, and a roof re-coat. Hardwired security cameras are installed. Built in 1956, the property is at 1540 E Wardlow in Long Beach.
Key Highlights
- Three commercial spaces plus a two‑bedroom, two‑bathroom residence
- Commercial access from E Wardlow and Walnut
- Rear commercial space includes loft area and storage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$27,551
Cap Rate
2.90%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$551,020
$551.0K
Cap Rate 7%
$393,586
$393.6K
Cap Rate 9%
$306,122
$306.1K
Market Conditions
NOI Build-Up for 1,580 SF
Gross rent
$47.4K $30.00/SF
− Vacancy
−$3.3K −$2.10/SF
EGI
$44.1K $27.90/SF
− OpEx
−$16.5K −$10.46/SF
NOI
$27.6K $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%
$551,020
Cap Rate 7%
$393,586
Cap Rate 9%
$306,122
Alternative Uses
Best Use
Mixed Use
$393.6K
$344.4K – $459.2K
NOI $27,551 @ 7.0% cap · market cap 2.90%
Second Best
Retail
$372.3K
$325.8K – $434.3K
NOI $26,060 @ 7.0% cap · market cap 2.74%
Theoretical Best
Office A
$845.9K
$740.2K – $986.9K
NOI $59,215 @ 7.0% cap · market cap 6.23%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,957
Businesses Nearby
15k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Mobil
Shops & Services
11,857 visits/mo
0.3 miles
Enterprise Rent-A-Car
Shops & Services
1,458 visits/mo
0.4 miles
Circle K
Shops & Services
1,166 visits/mo
0.3 miles
Enterprise Car Sales
Shops & Services
502 visits/mo
0.4 miles
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in West region
Frequently Asked Questions
What type of property is this?
Mixed-use property - A two-bedroom residence accompanies three business spaces, including a rear unit with loft area and separate Walnut access.
Where is this mixed-use property located?
The property is located at 1540 E Wardlow Long Beach, CA.
What is the asking price?
The asking price for this property is $950,000.
What are key features of this property?
This property features: Three commercial spaces plus a two‑bedroom, two‑bathroom residence; Commercial access from E Wardlow and Walnut; Rear commercial space includes loft area and storage
