Cambodia Town Corner Commercial
1631 Alamitos Ave, Long Beach, CA 90813
Corner commercial property in Cambodia Town with two established tenants.
Type:Commercial
Property size:
5,085 SFLot size:
0.13 AcresPrice / SF:
$206/SF- Added:
- May 20, 2026
- Days on Market:
- 11
- Last Refresh:
- May 20 at 1:41 pm
Property Features for 1631 Alamitos Ave
General Information
- Standard status
- Active
- Size
- 5,085 SF
- Lot size
- 0.13 Acres
- Property subtype
- Commercial
Building Details
- Year Built
- 1925
Listing agent Glenn Gaspar (562) 427-7765
Listing office (562) 427-7765
Listing date May 20, 2026
Source Elliman
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 Glenn Gaspar
HighLights
- Prime corner location in Cambodia Town with high visibility at a signalized intersection.
- Stable income from two established tenants with approximately 3 years remaining on leases.
- Updated electrical and plumbing systems.
- Approximately 5,085 SF of building space on a 5,484 SF lot.
- High walk score (87) indicating excellent walkability.
- Well‑maintained roof and no known unpermitted additions or foundation issues.
Overview
This corner commercial property, located in the heart of Cambodia Town in Long Beach, presents an investment opportunity. Constructed in 1925, the building offers approximately 5,085 square feet of space on a 5,484 square foot lot. The property benefits from high visibility at a signalized intersection, which slows traffic and increases exposure. The property is currently occupied by two established tenants: a beauty salon and a market/party rental business. The leases for both tenants have approximately 3 years remaining, with potential for rental upside. Updates have been made to the electrical and plumbing systems, and the roof has been maintained. There are no known unpermitted additions or foundation issues. The location has a walk score of 87, indicating it is very walkable, a bike score of 59, indicating it is bikeable, and a transit score of 50, indicating good transit options.
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $111.7k | $21.96 |
| − Vacancy | −$8.4k | −$1.65 |
| EGI | $103.3k | $20.31 |
| − OpEx | −$31.0k | −$6.09 |
| NOI | $72.3k | $14.22 |
5,085 SF · lease $21.96/SF/yr · vacancy 7.50% · expense 30.00%
Alternative Uses
Best Use
Retail
$1.03M
$903.8K – $1.21M
NOI $72,304 @ 7.0% cap · market cap 6.89%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$1.67M
$1.46M – $1.95M
NOI $116,878 @ 7.0% cap · market cap 11.13%
Zoning and permitted uses should be independently verified with local authorities.
Location Intelligence
Current Use by Public Records
Thavy's Hair & Beauty ...
Hair Salon
Similar Places Nearby
- Josy's Events — 455 Atlantic Ave, Long Beach, CA 90802
- Ghilan Florals and Crafts Creations — 488 E Ocean Blvd UNIT 411, Long Beach, CA 90802
- Vida Plant Shop — Long Beach, CA 90802
- Flos — 26 S 10th Pl #8, Long Beach, CA 90802
- Flower Delivery Long Beach — 207 pine ave, long beach, ca 90802
Location Insight
- Map
- Local Demand
- City
- Long Beach
- County
- Los Angeles
- State
- California
- Longitude
- -118.176557
- Latitude
- 33.7878277
Nearby Similar for Sale
FAQs
What type of property is this?
Storefront property - Corner commercial property in Cambodia Town with two established tenants.
Where is this storefront property located?
The property is located at 1631 Alamitos Ave Long Beach, CA.
What is the asking price?
The asking price for this property is $1,050,000.
What are key features of this property?
This property features: Prime corner location in Cambodia Town with high visibility at a signalized intersection.; Stable income from two established tenants with approximately 3 years remaining on leases.; Updated electrical and plumbing systems.
