Two-Story Office
For Sale
$375,000
2734 E Broadway Unit 7, Long Beach, CA 90803
Renovated office unit with loft workspace, private restroom, kitchenette, and an open-to-above main level.
Property Size550 SF
Price / SF$681.82
Days on Market30
Property Features for 2734 E Broadway Unit 7
General Information
Standard status
Active
Size
550 SF
Additional Details
HOA Fee
$279
Building Details
Year Built
1986
Stories
2
Listing Agency:
Sage Real Estate Group, Inc.
Listed By:
Juan Huizar · License #01417642
(562) 307-0838
Source:
Myfabuloushome
Added: Aug 5
Changed: Aug 31
Last Checked: Sep 1 at 10:48PM
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.
Suite 7 at 2734 E. Broadway is a professionally renovated office condominium arranged over two levels. The approximately 550-square-foot layout includes an open main floor with soaring ceilings and an open-to-above volume, plus a loft-style upper office. A private restroom and kitchenette complete the workspace, creating a practical configuration for an owner-user.
The property is located in Long Beach’s Bluff Heights Historic District. Built in 1986, the unit combines an established condominium setting with updated interior improvements and a distinctive two-story layout.
The property is located in Long Beach’s Bluff Heights Historic District. Built in 1986, the unit combines an established condominium setting with updated interior improvements and a distinctive two-story layout.
Key Highlights
- Approximately 550 square feet arranged across two levels
- Professionally renovated office condominium at 2734 E Broadway, Suite 7
- Loft‑style upper office with soaring ceilings and open‑to‑above main floor
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
$14,013
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
3.74%
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%
$280,260
$280.3K
Cap Rate 7%
$200,186
$200.2K
Cap Rate 9%
$155,700
$155.7K
Market Conditions
NOI Build-Up for 550 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
$25.1K $45.60/SF
− Vacancy
−$6.4K −$11.63/SF
EGI
$18.7K $33.97/SF
− OpEx
−$4.7K −$8.49/SF
NOI
$14.0K $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%
$280,260
Cap Rate 7%
$200,186
Cap Rate 9%
$155,700
Alternative Uses
Best Use
Office B
$200.2K
$175.2K – $233.6K
NOI $14,013 @ 7.0% cap · market cap 3.74%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$294.5K
$257.7K – $343.6K
NOI $20,613 @ 7.0% cap · market cap 5.50%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,706
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 - Renovated office unit with loft workspace, private restroom, kitchenette, and an open-to-above main level.
Where is this office units located?
The property is located at 2734 E Broadway Unit 7 Long Beach, CA.
What is the asking price?
The asking price for this property is $375,000.
What are key features of this property?
This property features: Approximately 550 square feet arranged across two levels; Professionally renovated office condominium at 2734 E Broadway, Suite 7; Loft‑style upper office with soaring ceilings and open‑to‑above main floor
