Multi-Tenant Auto
For Sale
$5,890,000
2512 E South Long Beach, Long Beach, CA 90805
Fully leased six-unit concrete block auto center with oversized roll-up doors, floor drains, parking, and usable yard space.
Property Size15,216 SF
Lot Size0.91 Acres
Price / SF$387.09
Days on Market47
Property Features for 2512 E South Long Beach
General Information
Standard status
Active
Size
15,216 SF
Lot size
0.91 Acres
Occupancy
100%
Additional Details
Opportunity Zone
Yes
Highway Access
Yes
Heavy Power
Yes
Office Units
6
Amenities
1
true
Assessor
6-10 Units/Acre
Public
39444
0.9055
15216
Building Details
Building Size
15,216 SF
Year Built
1986
Tenancy
Multi
Listing Agency:
(909) 328-1567
Listed By:
Blanca Franco
(909) 328-1567
Source:
Rmarealty
Added: Jul 15
Changed: Aug 28
Last Checked: Aug 29 at 7:19AM
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 Blanca Franco
Investment Insights
Based on property information with market context.
This upgraded auto center offers six separate units within concrete block buildings. The property is fully leased and laid out to support either single-user or multi-tenant occupancy. Each unit is separately metered with dedicated 200-amp electrical panels connected to a 1,200-amp main service. Improvements include oversized roll-up doors, high ceilings, and floor drains tied to a common clarifier system, along with ample parking and usable yard space.
Built in 1986, the site sits on a 39,450 square foot lot and totals 15,216 square feet of building area. The property is located within an Opportunity Zone, and the ownership may qualify for potential tax benefits for qualified investors. Certain industrial uses are permitted under grandfathered use, while commercial uses remain allowed under current zoning. Access is convenient to the 91, 710, 405, 605, and 105 freeways, supporting travel throughout the Los Angeles and Orange County markets.
Built in 1986, the site sits on a 39,450 square foot lot and totals 15,216 square feet of building area. The property is located within an Opportunity Zone, and the ownership may qualify for potential tax benefits for qualified investors. Certain industrial uses are permitted under grandfathered use, while commercial uses remain allowed under current zoning. Access is convenient to the 91, 710, 405, 605, and 105 freeways, supporting travel throughout the Los Angeles and Orange County markets.
Key Highlights
- Fully leased six‑unit concrete block auto center totaling 15,216 SF on a 39,444 SF lot (0.9055 acres)
- Six units designed for single‑user or multi‑tenant occupancy, with each unit separately metered
- Dedicated 200‑amp electrical panels per unit connected to a 1,200‑amp main service
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
$210,510
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
3.57%
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%
$4,210,200
$4.2M
Cap Rate 7%
$3,007,286
$3.0M
Cap Rate 9%
$2,339,000
$2.3M
Market Conditions
NOI Build-Up for 15,216 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
$328.7K $21.60/SF
− Vacancy
−$27.9K −$1.84/SF
EGI
$300.7K $19.76/SF
− OpEx
−$90.2K −$5.93/SF
NOI
$210.5K $13.83/SF
Area
ZIP 90805
Vacancy
8.50%
Lease Rate
$21.60 /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%
$4,210,200
Cap Rate 7%
$3,007,286
Cap Rate 9%
$2,339,000
Alternative Uses
Best Use
Retail
$3.01M
$2.63M – $3.51M
NOI $210,510 @ 7.0% cap · market cap 3.57%
Second Best
Industrial
$2.54M
$2.22M – $2.96M
NOI $177,815 @ 7.0% cap · market cap 3.02%
Theoretical Best
Office A
$4.56M
$3.99M – $5.32M
NOI $319,025 @ 7.0% cap · market cap 5.42%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
6
Office units
100%
Occupancy
Multi-tenant
Tenancy
Yes
Heavy power
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
2,824
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 90805, CA
95,350
Population
28,954
Households
3.3
Avg Household Size
34
Median Age
18%
College-Educated
74%
High-School Grad
7.4 sq mi
ZIP Area
12,885
Density / Sq Mi
$68,615
Median Household Income
$34,948
Median Earnings
$1,664
Median Rent
$588,500
Median Home Value
Market
Vacancy Rate% for Industrial in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- The lion’s feast — 102 W Hill St, Long Beach, CA 90806
- AddictivesKitchen LLC — 2223 Myrtle Ave, Long Beach, CA 90806
- TACOS RIVERA — 2319 Chestnut Ave, Long Beach, CA 90806
- Cali Catering And Party Rentals
- Two guys catering
Frequently Asked Questions
What type of property is this?
Flex space - Fully leased six-unit concrete block auto center with oversized roll-up doors, floor drains, parking, and usable yard space.
Where is this flex space located?
The property is located at 2512 E South Long Beach Long Beach, CA.
What is the asking price?
The asking price for this property is $5,890,000.
What are key features of this property?
This property features: Fully leased six‑unit concrete block auto center totaling 15,216 SF on a 39,444 SF lot (0.9055 acres); Six units designed for single‑user or multi‑tenant occupancy, with each unit separately metered; Dedicated 200‑amp electrical panels per unit connected to a 1,200‑amp main service
