Two-Level Retail
For Sale
Contact for pricing
1810 E Anaheim Street, Long Beach, CA 90813
Two-level retail asset on a major east-west corridor with strong street frontage and flexible mixed-use zoning.
Property Size5,050 SF
Price / SF$287.13
Days on Market61
Property Features for 1810 E Anaheim Street
General Information
Standard status
Active
Size
5,050 SF
Total Parking Spaces
18
Property subtype
Retail, Special Purpose
Zoning
MU-3-A
Investment Type
Redevelopment
Additional Details
Highway Access
Yes
Building Details
Year Built
1931
Year Renovated
1989
Stories
2
Tenancy
Single
Listing Agency:
Circa Properties
(562) 644-3299
Listed By:
Kevin Kim · License #01909123
Source:
Crexi
Added: Jun 12
Changed: Aug 8
Last Checked: Aug 9 at 3:26PM
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 Circa Properties
Investment Insights
Based on property information with market context.
1810 E Anaheim Street is a two-level storefront property designed to provide flexibility for retail and service-oriented uses. The existing layout supports both customer-facing and operational needs within an efficient footprint, making it suitable for businesses that benefit from a street presence and adaptable interior space.
The property is located along a major east-west corridor connecting Downtown Long Beach, the Eastside, and nearby waterfront employment centers. It offers strong street frontage with convenient access to Pacific Coast Highway and the 710 Freeway, with the surrounding area characterized by dense multifamily housing and a predominantly renter population.
The asset is zoned MU-3 A-Series (Mixed-Use), which allows higher-density residential and commercial development, including mixed-use configurations. That zoning framework can be a practical fit for owners and operators looking to operate within the existing retail layout while considering future repositioning or redevelopment opportunities in a corridor supported by ongoing revitalization dynamics described in the listing.
The property is located along a major east-west corridor connecting Downtown Long Beach, the Eastside, and nearby waterfront employment centers. It offers strong street frontage with convenient access to Pacific Coast Highway and the 710 Freeway, with the surrounding area characterized by dense multifamily housing and a predominantly renter population.
The asset is zoned MU-3 A-Series (Mixed-Use), which allows higher-density residential and commercial development, including mixed-use configurations. That zoning framework can be a practical fit for owners and operators looking to operate within the existing retail layout while considering future repositioning or redevelopment opportunities in a corridor supported by ongoing revitalization dynamics described in the listing.
Key Highlights
- Year built: 1931
- Two‑level commercial property with an adaptable layout for retail and operational use
- Strong street frontage on a major east‑west corridor connecting Downtown Long Beach to the Eastside and nearby waterfront employment centers
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
$71,806
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
4.95%
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%
$1,436,120
$1.4M
Cap Rate 7%
$1,025,800
$1.0M
Cap Rate 9%
$797,844
$797.8K
Market Conditions
NOI Build-Up for 5,050 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
$110.9K $21.96/SF
− Vacancy
−$8.3K −$1.65/SF
EGI
$102.6K $20.31/SF
− OpEx
−$30.8K −$6.09/SF
NOI
$71.8K $14.22/SF
Area
ZIP 90813
Vacancy
7.50%
Lease Rate
$21.96 /SF/Yr
Expense Ratio
30.00%
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%
$1,436,120
Cap Rate 7%
$1,025,800
Cap Rate 9%
$797,844
Alternative Uses
Best Use
Retail
$1.03M
$897.6K – $1.20M
NOI $71,806 @ 7.0% cap · market cap 4.95%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$1.66M
$1.45M – $1.93M
NOI $116,073 @ 7.0% cap · market cap 8.01%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
3,093
Businesses Nearby
185k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Groceries 46%
Shops & Services 42%
Dining 10%
Electronics 2%
Superior Grocers
Groceries
38,748 visits/mo
0.5 miles
Smart & Final
Groceries
29,683 visits/mo
0.1 miles
Chase Bank
Shops & Services
18,629 visits/mo
0.5 miles
Aldi
Groceries
17,299 visits/mo
0.1 miles
7-Eleven
Shops & Services
11,565 visits/mo
0.3 miles
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 Retail in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Storefront property - Two-level retail asset on a major east-west corridor with strong street frontage and flexible mixed-use zoning.
Where is this storefront property located?
The property is located at 1810 E Anaheim Street Long Beach, CA.
What is the asking price?
The asking price for this property is $1,450,000.
What are key features of this property?
This property features: Year built: 1931; Two‑level commercial property with an adaptable layout for retail and operational use; Strong street frontage on a major east‑west corridor connecting Downtown Long Beach to the Eastside and nearby waterfront employment centers
