Office Condominium Suite
308312-333 W Broadway Long Beach, CA 90803
308312-333 W Broadway, Long Beach, CA, 90803
$1,145,000
For Sale
$1,145,000
Office condominium suite 308/312 totaling 3,318 SF in a professionally managed downtown building.
Property Size3,318 SF
Price / SF$345.09
Days on Market61
Property Features for 308312-333 W Broadway
General Information
- Standard status
- Active
- Size
- 3,318 SF
Listing agency
Platinum Properties R.E.
(562) 424-3700
Listed by
Hoyt Hochman
(562) 424-3700
Source
Exprealty
Added: May 22 Updated: Jul 21 at 10:02AM Checked: Jul 21 at 10:02AM
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 Platinum Properties R.E.
Investment Insights
Based on property information with market context.
This 3,318 SF office condominium is offered as suites 308/312 within a professionally managed building along the Broadway corridor. The space is described as having a highly functional layout, suited to professional and administrative uses, and also intended for medical or creative/office applications.
The property is located at 333 W. Broadway Ave. in Downtown Long Beach, positioned on W. Broadway Ave. between Magnolia Ave. and Chestnut Ave. The building provides access to and proximity to several downtown destinations, including the Deukmejian Courthouse, Long Beach Civic Center, Pine Avenue, and The Promenade.
For occupants or investors seeking a downtown office suite, the condominium configuration provides owner user potential and the option to hold for investment in a supply-constrained urban market.
The property is located at 333 W. Broadway Ave. in Downtown Long Beach, positioned on W. Broadway Ave. between Magnolia Ave. and Chestnut Ave. The building provides access to and proximity to several downtown destinations, including the Deukmejian Courthouse, Long Beach Civic Center, Pine Avenue, and The Promenade.
For occupants or investors seeking a downtown office suite, the condominium configuration provides owner user potential and the option to hold for investment in a supply-constrained urban market.
Key Highlights
- 3,318 SF office condominium suite 308/312 at 333 W. Broadway Ave., Downtown Long Beach
- Located in a professionally managed building along the Broadway corridor
- Suite 308/312 offers a functional layout suitable for professional, medical, creative, or administrative uses
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $151.3k | $45.60 |
| − Vacancy | −$38.6k | −$11.63 |
| EGI | $112.7k | $33.97 |
| − OpEx | −$28.2k | −$8.49 |
| NOI | $84.5k | $25.48 |
3,318 SF · lease $45.60/SF/yr · vacancy 25.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.21M
$1.06M – $1.41M
NOI $84,539 @ 7.0% cap · market cap 7.38%
Second Best
Healthcare Medical
$722.1K
$631.9K – $842.5K
NOI $50,550 @ 7.0% cap · market cap 4.41%
Theoretical Best
Office A
$1.78M
$1.55M – $2.07M
NOI $124,351 @ 7.0% cap · market cap 10.86%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Office Units
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FAQs
What type of property is this?
Office units - Office condominium suite 308/312 totaling 3,318 SF in a professionally managed downtown building.
Where is this office units located?
The property is located at 308312-333 W Broadway Long Beach, CA.
What is the asking price?
The asking price for this property is $1,145,000.
What are key features of this property?
This property features: 3,318 SF office condominium suite 308/312 at 333 W. Broadway Ave., Downtown Long Beach; Located in a professionally managed building along the Broadway corridor; Suite 308/312 offers a functional layout suitable for professional, medical, creative, or administrative uses
