Long Beach Mixed-Use
For Sale
Contact for pricing
1944 E 4th St, Long Beach, CA 90802
Multi-tenant property in Long Beach's vibrant 'Retro Row' district.
Property Size5,817 SF
Lot Size0.08 Acres
Price / SF$403.99
Days on Market170
Property Features for 1944 E 4th St
General Information
Standard status
Active
Size
5,817 SF
Lot size
0.08 Acres
Property subtype
Multifamily, Retail
Zoning
LBCNR
Occupancy
100%
Lease Type
Modified Gross
Investment Type
Stabilized
Net Operating Income
$152,340
Building Details
Year Built
1928
Buildings
1
Stories
2
Units
6
Tenancy
Multi
Listing Agency:
NAI Capital Commercial, Inc
(310) 406-9110
Listed By:
Tim Steuernol · License #01742766
Source:
Crexi
Added: Feb 23
Changed: Aug 8
Last Checked: Aug 7 at 7:37AM
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 NAI Capital Commercial, Inc
Investment Insights
Based on property information with market context.
Located in Long Beach, California, the property at 1944 East 4th Street is a multi-tenant, mixed-use asset. The building has approximately 5,817 square feet of building area on a roughly 3,596 square foot lot. The ground floor is occupied by two retail tenants: Salud Juice Bar & Café and Fatimas Grill. The second level contains four residential units. The property is positioned along the high-traffic 4th Street corridor, known as “Retro Row,” between Cherry Avenue and Junipero Avenue. This area is home to over 40 independent merchants and is known for its mix of vintage and contemporary clothing, furniture, accessories, art, antiques, books, and specialty retailers. The area also features a diverse selection of locally owned restaurants, coffee shops, and wine bars. This property offers an opportunity to acquire a stabilized mixed-use property in one of Long Beach’s retail corridors.
Key Highlights
- Prime location on the high‑traffic 4th Street corridor, known as "Retro Row" in Long Beach.
- Stabilized mixed‑use property with established retail tenants and residential units.
- Located in a vibrant and culturally distinctive district with over 40 independent merchants.
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
$111,241
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
4.73%
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%
$2,224,820
$2.2M
Cap Rate 7%
$1,589,157
$1.6M
Cap Rate 9%
$1,236,011
$1.2M
Market Conditions
NOI Build-Up for 5,817 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
$212.9K $36.60/SF
− Vacancy
−$10.6K −$1.83/SF
EGI
$202.3K $34.77/SF
− OpEx
−$91.0K −$15.65/SF
NOI
$111.2K $19.12/SF
Area
Long Beach, CA
Vacancy
5.00%
Lease Rate
$36.60 /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%
$2,224,820
Cap Rate 7%
$1,589,157
Cap Rate 9%
$1,236,011
Alternative Uses
Best Use
Apartment 5plus
$1.59M
$1.39M – $1.85M
NOI $111,241 @ 7.0% cap · market cap 4.73%
Second Best
Mixed Use
$1.45M
$1.27M – $1.69M
NOI $101,434 @ 7.0% cap · market cap 4.32%
Theoretical Best
Office A
$3.11M
$2.73M – $3.63M
NOI $218,008 @ 7.0% cap · market cap 9.28%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,844
Businesses Nearby
Explore this area
Business Placement
Demographics for 90802, CA
41,686
Population
25,055
Households
1.7
Avg Household Size
37
Median Age
44%
College-Educated
88%
High-School Grad
6.5 sq mi
ZIP Area
6,413
Density / Sq Mi
$72,152
Median Household Income
$52,011
Median Earnings
$1,855
Median Rent
$546,700
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Multi-tenant property in Long Beach's vibrant 'Retro Row' district.
Where is this mixed-use property located?
The property is located at 1944 E 4th St Long Beach, CA.
What is the asking price?
The asking price for this property is $2,350,000.
What are key features of this property?
This property features: Prime location on the high‑traffic 4th Street corridor, known as "Retro Row" in Long Beach.; Stabilized mixed‑use property with established retail tenants and residential units.; Located in a vibrant and culturally distinctive district with over 40 independent merchants.
