Mixed-Use Property with
New
For Sale
$1,100,000
1844 Atlantic Ave, Long Beach, CA 90806
Three commercial spaces accompany residential living areas and a recently completed accessory dwelling unit.
Property Size4,554 SF
Days on Market2
Property Features for 1844 Atlantic Ave
General Information
Standard status
Active
Size
4,554 SF
Property subtype
Investment
Site & Location
Traffic Count
30,000 vehicles/day
Road Access
Yes
Public Transit
Yes
Building Details
Building Size
4,554 SF
Year Built
1920
Stories
1
Units
6
Tenancy
Multi
Listing Agency:
eXp Realty of California, Inc
Listed By:
Edward Kaminsky · License #00958114
(310) 798-1277
Source:
Elliman
Added: Sep 1
Last Checked: Sep 1 at 10:41PM
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 eXp Realty of California, Inc
Investment Insights
Based on property information with market context.
This mixed-use property at 1844 Atlantic Ave combines three street-facing commercial spaces with residential accommodations and a recently completed garage-conversion ADU. The original three-bedroom, three-bath residence is configured as separate two-bedroom, two-bath and one-bedroom, one-bath living areas. The ADU adds approximately 1,200 square feet with two bedrooms, an office or bonus room, two baths, laminate flooring, quartz countertops, wall-mounted air conditioning, and two parking spaces. Three exterior doors support independent access, and the ADU is freshly finished and vacant.
Atlantic Avenue exposure brings reported daily traffic of more than 30,000 vehicles. The property offers commercial, residential, and live-work functionality in a single asset, with existing commercial and residential revenue sources identified in the remarks. Walk Score is 82, Transit Score is 63, and Bike Score is 72. Built in 1920, the property provides a combination of storefront, residential, and accessory dwelling space.
Atlantic Avenue exposure brings reported daily traffic of more than 30,000 vehicles. The property offers commercial, residential, and live-work functionality in a single asset, with existing commercial and residential revenue sources identified in the remarks. Walk Score is 82, Transit Score is 63, and Bike Score is 72. Built in 1920, the property provides a combination of storefront, residential, and accessory dwelling space.
Key Highlights
- Three street‑facing commercial spaces along Atlantic Avenue
- Approximately 1,200‑square‑foot garage‑conversion ADU
- ADU includes two bedrooms plus an office/bonus room and two baths
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
$73,328
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
6.67%
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%
$1,466,560
$1.5M
Cap Rate 7%
$1,047,543
$1.0M
Cap Rate 9%
$814,756
$814.8K
Market Conditions
NOI Build-Up for 4,554 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
$139.9K $30.72/SF
− Vacancy
−$6.6K −$1.44/SF
EGI
$133.3K $29.28/SF
− OpEx
−$60.0K −$13.17/SF
NOI
$73.3K $16.10/SF
Area
ZIP 90806
Vacancy
4.70%
Lease Rate
$30.72 /SF/Yr
Expense Ratio
45.00%
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%
$1,466,560
Cap Rate 7%
$1,047,543
Cap Rate 9%
$814,756
Alternative Uses
Best Use
Office B
$1.60M
$1.40M – $1.86M
NOI $111,661 @ 7.0% cap · market cap 10.15%
Second Best
Apartment 5plus
$1.05M
$916.6K – $1.22M
NOI $73,328 @ 7.0% cap · market cap 6.67%
Theoretical Best
Office A
$2.44M
$2.13M – $2.84M
NOI $170,674 @ 7.0% cap · market cap 15.52%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
30,000 VPD
Traffic count
Multi-tenant
Tenancy
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
2,137
Businesses Nearby
Explore this area
Business Placement
Demographics for 90806, CA
41,611
Population
13,106
Households
3.2
Avg Household Size
35
Median Age
22%
College-Educated
72%
High-School Grad
4.9 sq mi
ZIP Area
8,492
Density / Sq Mi
$73,674
Median Household Income
$36,691
Median Earnings
$1,672
Median Rent
$699,800
Median Home Value
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Three commercial spaces accompany residential living areas and a recently completed accessory dwelling unit.
Where is this mixed-use property located?
The property is located at 1844 Atlantic Ave Long Beach, CA.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: Three street‑facing commercial spaces along Atlantic Avenue; Approximately 1,200‑square‑foot garage‑conversion ADU; ADU includes two bedrooms plus an office/bonus room and two baths
