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Cambodia Town Corner Commercial Property

1631 Alamitos Ave Long Beach, CA 90813

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For Sale
$1,050,000

Corner commercial property in Cambodia Town with two established tenants.

Type:Commercial
Property size:
5,085 SF
Lot size:
0.13 Acres
Price / SF:
$206.49/SF
Added:
May 20, 2026
Days on Market:
56
Last Refresh:
Jul 3 at 1:43 am

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 office

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


Investment Insights

Based on property information with market context.

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.

Key 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.

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 (±1% cap)
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 (±1% cap)
NOI $116,878 @ 7.0% cap · market cap 11.13%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Thavy's Hair & Beauty ... Hair Salon

Suggested Use

Law Firm Real Estate Agency Parking Lot & Garage (Bike/Boat/Book/etc) Store Carpet & Flooring Store Acupuncture (Bike/Boat/Book/etc) Store Travel Agency Catering Service Storage Facility

Zoning and permitted uses should be independently verified with local authorities.

Similar Off Market 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

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.
Contact an agent
More about this property
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