Mixed-Use Property with Detached
New
For Sale
$699,000
330 E Market St, Long Beach, CA 90805
A commercial office and separate residence are complemented by a dedicated parking area along the side.
Property Size2,237 SF
Days on Market4
Property Features for 330 E Market St
General Information
Standard status
Active
Size
2,237 SF
Property subtype
Commercial
Additional Details
Highway Access
Yes
Building Details
Building Size
2,237 SF
Year Built
1947
Units
2
Listing Agency:
Ontrak Real Estate
Listed By:
Manuel Fierros · License #01925599
(562) 201-6665
Source:
Elliman
Added: Sep 24
Changed: Sep 26
Last Checked: Sep 26 at 10:50AM
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 Ontrak Real Estate
Investment Insights
Based on property information with market context.
Built in 1947, this mixed-use property combines a commercial building now used as a real estate office with a detached two-bedroom house positioned behind it. A separate parking area runs along the side of the commercial building.
The property is in North Long Beach, with the Bixby Knolls shopping and dining district, Long Beach Airport, the Port of Long Beach, Downtown Long Beach, and major freeways identified among its nearby destinations.
The property is in North Long Beach, with the Bixby Knolls shopping and dining district, Long Beach Airport, the Port of Long Beach, Downtown Long Beach, and major freeways identified among its nearby destinations.
Key Highlights
- Commercial building currently used as a real estate office
- Detached 2‑bedroom house located behind the commercial building
- Dedicated parking lot along the side
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
$33,662
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
4.82%
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%
$673,240
$673.2K
Cap Rate 7%
$480,886
$480.9K
Cap Rate 9%
$374,022
$374.0K
Market Conditions
NOI Build-Up for 2,237 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
$59.1K $26.40/SF
− Vacancy
−$14.2K −$6.34/SF
EGI
$44.9K $20.06/SF
− OpEx
−$11.2K −$5.02/SF
NOI
$33.7K $15.05/SF
Area
ZIP 90805
Vacancy
24.00%
Lease Rate
$26.40 /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%
$673,240
Cap Rate 7%
$480,886
Cap Rate 9%
$374,022
Alternative Uses
Best Use
Office B
$480.9K
$420.8K – $561.0K
NOI $33,662 @ 7.0% cap · market cap 4.82%
Second Best
Mixed Use
$441.0K
$385.9K – $514.5K
NOI $30,871 @ 7.0% cap · market cap 4.42%
Theoretical Best
Office A
$670.0K
$586.3K – $781.7K
NOI $46,902 @ 7.0% cap · market cap 6.71%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
918
Businesses Nearby
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in West region
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Frequently Asked Questions
What type of property is this?
Mixed-use property - A commercial office and separate residence are complemented by a dedicated parking area along the side.
Where is this mixed-use property located?
The property is located at 330 E Market St Long Beach, CA.
What is the asking price?
The asking price for this property is $699,000.
What are key features of this property?
This property features: Commercial building currently used as a real estate office; Detached 2‑bedroom house located behind the commercial building; Dedicated parking lot along the side
