Mixed-Use Property with
New
For Sale
$995,000
2171 Santa Fe, Long Beach, CA 90810
Two upstairs residences complement commercial storefronts and an established mini market business.
Property Size3,200 SF
Price / SF$310.94
Days on Market2
Property Features for 2171 Santa Fe
General Information
Standard status
Active
Size
3,200 SF
Building Details
Year Built
1958
Listing Agency:
Realty Executives Com. & Res.
Listed By:
David Gomez · License #01805497
(626) 961-2013
Source:
Myfabuloushome
Added: Sep 8
Last Checked: Sep 8 at 2:32PM
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.
Built in 1958, this 3,200-square-foot mixed-use property combines two upstairs residential units with two commercial storefronts. An established mini market occupies one storefront, and the business is also available for purchase. Three units are occupied, while the remaining commercial space may support continued retail use or another retail or service concept, subject to buyer verification and local regulations.
The property at 2171 Santa Fe in Long Beach includes rear parking and alley access, with street visibility and proximity to schools, parks, and neighborhood amenities. Its residential and commercial components create a flexible configuration for an investor or owner-user seeking multiple occupancy types within one property.
The property at 2171 Santa Fe in Long Beach includes rear parking and alley access, with street visibility and proximity to schools, parks, and neighborhood amenities. Its residential and commercial components create a flexible configuration for an investor or owner-user seeking multiple occupancy types within one property.
Key Highlights
- 3,200‑square‑foot mixed‑use property built in 1958
- Two upstairs residential units and two commercial storefronts
- Established mini market business also available for purchase
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
$68,802
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
6.91%
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%
$1,376,040
$1.4M
Cap Rate 7%
$982,886
$982.9K
Cap Rate 9%
$764,467
$764.5K
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
$103.7K $32.40/SF
− Vacancy
−$5.4K −$1.68/SF
EGI
$98.3K $30.72/SF
− OpEx
−$29.5K −$9.21/SF
NOI
$68.8K $21.50/SF
Area
Long Beach, CA
Vacancy
5.20%
Lease Rate
$32.40 /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%
$1,376,040
Cap Rate 7%
$982,886
Cap Rate 9%
$764,467
Alternative Uses
Best Use
Multifamily LT 5
$982.9K
$860.0K – $1.15M
NOI $68,802 @ 7.0% cap · market cap 6.91%
Second Best
Apartment 5plus
$874.2K
$764.9K – $1.02M
NOI $61,195 @ 7.0% cap · market cap 6.15%
Theoretical Best
Office A
$1.71M
$1.50M – $2.00M
NOI $119,929 @ 7.0% cap · market cap 12.05%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Mixed-use property - Two upstairs residences complement commercial storefronts and an established mini market business.
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 $995,000.
What are key features of this property?
This property features: 3,200‑square‑foot mixed‑use property built in 1958; Two upstairs residential units and two commercial storefronts; Established mini market business also available for purchase
