Renovated Loft-Style Office
For Sale
$400,000
2734 Broadway, Long Beach, CA 90803
Professionally renovated two-level office condo with soaring ceilings, open-to-above design, and multiple glass-enclosed offices.
Property Size508 SF
Price / SF$787.40
Days on Market91
Property Features for 2734 Broadway
General Information
Standard status
Active
Size
508 SF
Property subtype
Retail
Amenities
Central Air
3
Building Details
Year Built
1986
Stories
2
Construction
loft-style
Listing Agency:
Sage Real Estate Group, Inc.
(562) 400-7622
Listed By:
Juan Huizar · License #01417642
Source:
Xome
Added: May 13
Changed: Aug 7
Last Checked: Aug 11 at 5:49AM
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 Sage Real Estate Group, Inc.
Investment Insights
Based on property information with market context.
2734 E. Broadway, Suite 8 is a professionally renovated loft-style office condominium presented across two levels. The space features soaring ceilings with a dramatic open-to-above design, abundant natural light, and a flexible layout that supports multiple work areas. Improvements include contemporary finishes throughout, a private restroom, and a loft workspace. The unit also includes multiple glass-enclosed offices, including one suited for calls and meetings and another that can support recording, podcasting, or focused work.
Located along the Broadway corridor in Long Beach’s Bluff Park Historic District, the property offers convenient access to Downtown Long Beach, Belmont Shore, and the waterfront.
Low HOA dues of $279 per month help support building operations for owners of this office condominium.
Located along the Broadway corridor in Long Beach’s Bluff Park Historic District, the property offers convenient access to Downtown Long Beach, Belmont Shore, and the waterfront.
Low HOA dues of $279 per month help support building operations for owners of this office condominium.
Key Highlights
- Professionally renovated loft‑style office condominium in Long Beach’s Bluff Park Historic District
- Two‑level unit with approx. 508 sq ft and soaring ceilings with an open‑to‑above design
- Multiple glass‑enclosed offices plus flexible loft workspace and open areas for collaborative work
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
$12,943
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
3.24%
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%
$258,860
$258.9K
Cap Rate 7%
$184,900
$184.9K
Cap Rate 9%
$143,811
$143.8K
Market Conditions
NOI Build-Up for 508 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
$23.2K $45.60/SF
− Vacancy
−$5.9K −$11.63/SF
EGI
$17.3K $33.97/SF
− OpEx
−$4.3K −$8.49/SF
NOI
$12.9K $25.48/SF
Area
Long Beach, CA
Vacancy
25.50%
Lease Rate
$45.60 /SF/Yr
Expense Ratio
25.00%
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%
$258,860
Cap Rate 7%
$184,900
Cap Rate 9%
$143,811
Alternative Uses
Best Use
Office B
$184.9K
$161.8K – $215.7K
NOI $12,943 @ 7.0% cap · market cap 3.24%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$272.0K
$238.0K – $317.3K
NOI $19,039 @ 7.0% cap · market cap 4.76%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
3,445
Businesses Nearby
Explore this area
Business Placement
Demographics for 90803, CA
32,192
Population
18,516
Households
1.7
Avg Household Size
46
Median Age
61%
College-Educated
95%
High-School Grad
4.1 sq mi
ZIP Area
7,852
Density / Sq Mi
$111,500
Median Household Income
$73,944
Median Earnings
$2,073
Median Rent
$1,138,300
Median Home Value
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office units - Professionally renovated two-level office condo with soaring ceilings, open-to-above design, and multiple glass-enclosed offices.
Where is this office units located?
The property is located at 2734 Broadway Long Beach, CA.
What is the asking price?
The asking price for this property is $400,000.
What are key features of this property?
This property features: Professionally renovated loft‑style office condominium in Long Beach’s Bluff Park Historic District; Two‑level unit with approx. 508 sq ft and soaring ceilings with an open‑to‑above design; Multiple glass‑enclosed offices plus flexible loft workspace and open areas for collaborative work
