Long Beach Storefront Retail
For Sale
$1,900,000
2300 S Pacific Ave, Long Beach, CA 90806
Two-story, 7,830 SF building in Long Beach's Wrigley Village.
Property Size7,830 SF
Price / SF$242.66
Days on Market272
Property Features for 2300 S Pacific Ave
General Information
Standard status
Active
Size
7,830 SF
Class
C
Property subtype
Office
Building Details
Building Size
7,830 SF
Year Built
1947
Listing Agency:
SVN | Rich Investment Real Estate Partners Los Angeles
(626) 688-8864
Listed By:
Michael Chang · License #CalDRE #01880895
(626) 688-8864
Source:
Svn
Added: Nov 21, 2025
Changed: Aug 20
Last Checked: Aug 20 at 4:30AM
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 SVN | Rich Investment Real Estate Partners Los Angeles
Investment Insights
Based on property information with market context.
This two-story, 7,830 SF freestanding property is located on an 11,536 SF corner lot. Originally built in 1947 as a traditional storefront retail property, it is currently utilized as an office building. The property features a private parking lot and is located in the historic district of Long Beach, known as Wrigley Village, on Pacific Avenue. It offers immediate access to Downtown Long Beach, Pacific Coast Highway, and the 710/405 freeway. The building is located on a corner to corner lot with over 17,500 vehicles per day on Pacific Avenue. The current structure consists of several private offices, 3 conference rooms, 4 bathrooms, a break room, a storage area, and an open common area on the first floor. The property has 10+ parking spaces with egress and ingress. It is an ideal space for a medical office, event space, adult/child daycare, or restaurant. The property is SBA financing eligible. Nearby businesses include medical offices, restaurants/bars, coffee shops, grocery stores, senior adult daycares, and banquet halls.
Key Highlights
- Potential for 9%+ CAP rate with $2/SF NNN leases and $200k in tenant improvements.
- Freestanding 7,830 SF building on a large 11,536 SF corner lot with a private parking lot.
- Strategically located in the historic Wrigley Village of Long Beach with high traffic (17,500+ VPD) and easy access to the 710/405 freeways and Pacific Coast Highway.
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
$113,039
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
5.95%
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%
$2,260,780
$2.3M
Cap Rate 7%
$1,614,843
$1.6M
Cap Rate 9%
$1,255,989
$1.3M
Market Conditions
NOI Build-Up for 7,830 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
$173.8K $22.20/SF
− Vacancy
−$12.3K −$1.58/SF
EGI
$161.5K $20.62/SF
− OpEx
−$48.4K −$6.19/SF
NOI
$113.0K $14.44/SF
Area
ZIP 90806
Vacancy
7.10%
Lease Rate
$22.20 /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%
$2,260,780
Cap Rate 7%
$1,614,843
Cap Rate 9%
$1,255,989
Alternative Uses
Best Use
Office B
$2.74M
$2.40M – $3.20M
NOI $191,987 @ 7.0% cap · market cap 10.10%
Second Best
Retail
$1.61M
$1.41M – $1.88M
NOI $113,039 @ 7.0% cap · market cap 5.95%
Theoretical Best
Office A
$4.19M
$3.67M – $4.89M
NOI $293,451 @ 7.0% cap · market cap 15.44%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
2,464
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Office building - Two-story, 7,830 SF building in Long Beach's Wrigley Village.
Where is this office building located?
The property is located at 2300 S Pacific Ave Long Beach, CA.
What is the asking price?
The asking price for this property is $1,900,000.
What are key features of this property?
This property features: Potential for 9%+ CAP rate with $2/SF NNN leases and $200k in tenant improvements.; Freestanding 7,830 SF building on a large 11,536 SF corner lot with a private parking lot.; Strategically located in the historic Wrigley Village of Long Beach with high traffic (17,500+ VPD) and easy access to the 710/405 freeways and Pacific Coast Highway.
