Mixed-Use Property with
For Sale
$1,100,000
2171 Santa Fe, Long Beach, CA 90810
Two residential units accompany two commercial storefronts, including an operating mini market business conveyed with the sale.
Property Size3,200 SF
Price / SF$343.75
Days on Market102
Property Features for 2171 Santa Fe
General Information
Standard status
Active
Size
3,200 SF
Property subtype
Mixed Use
Additional Details
Business Included
Yes
Multifamily Units
2
Amenities
rear parking
alley access
Flat
Paved, Park, Back Yard. Public Transport, Paved Road.
Building Details
Year Built
1958
Tenancy
Multi
Listing Agency:
Realty Executives Com. & Res.
(562) 205-1700
Listed By:
David Gomez · License #01805497
Source:
Xome
Added: May 21
Changed: Aug 30
Last Checked: Aug 30 at 2:21PM
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 Realty Executives Com. & Res.
Investment Insights
Based on property information with market context.
This 3,200-square-foot mixed-use property, built in 1958, combines two residential units with two commercial storefronts. An established mini market business is included, while three of the four units are occupied and one commercial space is available for future use. The layout supports a combination of residential and commercial occupancy within one property.
Rear parking and alley access add practical convenience, while the storefronts provide street-facing exposure. The property is located near schools, parks, and neighborhood amenities in Long Beach, with public transportation noted nearby.
Rear parking and alley access add practical convenience, while the storefronts provide street-facing exposure. The property is located near schools, parks, and neighborhood amenities in Long Beach, with public transportation noted nearby.
Key Highlights
- 3,200 SF mixed‑use property built in 1958
- Two residential units and two commercial storefronts
- Established mini market business included in the sale
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
$61,195
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
5.56%
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%
$1,223,900
$1.2M
Cap Rate 7%
$874,214
$874.2K
Cap Rate 9%
$679,944
$679.9K
Market Conditions
NOI Build-Up for 3,200 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
$117.1K $36.60/SF
− Vacancy
−$5.9K −$1.83/SF
EGI
$111.3K $34.77/SF
− OpEx
−$50.1K −$15.65/SF
NOI
$61.2K $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%
$1,223,900
Cap Rate 7%
$874,214
Cap Rate 9%
$679,944
Alternative Uses
Best Use
Apartment 5plus
$874.2K
$764.9K – $1.02M
NOI $61,195 @ 7.0% cap · market cap 5.56%
Second Best
Specialty Retail
$859.9K
$752.4K – $1.00M
NOI $60,192 @ 7.0% cap · market cap 5.47%
Theoretical Best
Office A
$1.71M
$1.50M – $2.00M
NOI $119,929 @ 7.0% cap · market cap 10.90%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Multi-tenant
Tenancy
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
627
Businesses Nearby
Explore this area
Business Placement
Demographics for 90810, CA
38,529
Population
10,294
Households
3.7
Avg Household Size
37
Median Age
21%
College-Educated
76%
High-School Grad
6.5 sq mi
ZIP Area
5,928
Density / Sq Mi
$82,222
Median Household Income
$39,397
Median Earnings
$1,554
Median Rent
$594,200
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 - Two residential units accompany two commercial storefronts, including an operating mini market business conveyed with the sale.
Where is this mixed-use property located?
The property is located at 2171 Santa Fe 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: 3,200 SF mixed‑use property built in 1958; Two residential units and two commercial storefronts; Established mini market business included in the sale
