Mixed-Use Property with Three
For Sale
$1,399,000
331 Carson, Long Beach, CA 90807
The configuration combines a street-facing commercial space with two leased residential units.
Property Size3,832 SF
Price / SF$365.08
Days on Market13
Property Features for 331 Carson
General Information
Standard status
Active
Size
3,832 SF
Property subtype
General Commercial
Taxes and HOA fees
Annual Taxes
$22,384
Amenities
Central Air
Building Details
Year Built
1952
Listing Agency:
(310) 379-2167
Listed By:
Chhabria Real Estate Company
Source:
Xome
Added: Jul 30
Changed: Aug 11
Last Checked: Aug 11 at 5:46AM
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 Chhabria Real Estate Company
Investment Insights
Based on property information with market context.
Built in 1952, this mixed-use property contains three income-producing units: one commercial space facing the street and two residential units. The commercial component is occupied by the owner, while both residential units are leased. The property provides approximately 3,832 SF of rentable area and includes central air.
The site fronts Carson Street in Long Beach, providing direct street exposure and access to nearby shopping, dining, and transportation corridors. It is zoned LBCCA (Community Commercial Automobile-Oriented) and falls within the City's active Zone In planning area, which identifies potential for future Mixed-Use zoning. The current configuration supports an owner-user commercial operation alongside residential occupancy.
The site fronts Carson Street in Long Beach, providing direct street exposure and access to nearby shopping, dining, and transportation corridors. It is zoned LBCCA (Community Commercial Automobile-Oriented) and falls within the City's active Zone In planning area, which identifies potential for future Mixed-Use zoning. The current configuration supports an owner-user commercial operation alongside residential occupancy.
Key Highlights
- Three‑unit configuration with one street‑front commercial space and two residential units
- Approximately 3,832 SF of rentable area
- Fully occupied: owner‑occupied commercial unit and two leased residential units
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
$73,281
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
5.24%
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%
$1,465,620
$1.5M
Cap Rate 7%
$1,046,871
$1.0M
Cap Rate 9%
$814,233
$814.2K
Market Conditions
NOI Build-Up for 3,832 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
$140.3K $36.60/SF
− Vacancy
−$7.0K −$1.83/SF
EGI
$133.2K $34.77/SF
− OpEx
−$60.0K −$15.65/SF
NOI
$73.3K $19.12/SF
Area
Long Beach, CA
Vacancy
5.00%
Lease Rate
$36.60 /SF/Yr
Expense Ratio
45.00%
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%
$1,465,620
Cap Rate 7%
$1,046,871
Cap Rate 9%
$814,233
Alternative Uses
Best Use
Apartment 5plus
$1.05M
$916.0K – $1.22M
NOI $73,281 @ 7.0% cap · market cap 5.24%
Second Best
Mixed Use
$954.6K
$835.3K – $1.11M
NOI $66,821 @ 7.0% cap · market cap 4.78%
Theoretical Best
Office A
$2.05M
$1.80M – $2.39M
NOI $143,615 @ 7.0% cap · market cap 10.27%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
2,566
Businesses Nearby
Explore this area
Business Placement
Demographics for 90807, CA
32,412
Population
13,345
Households
2.4
Avg Household Size
41
Median Age
45%
College-Educated
90%
High-School Grad
4.4 sq mi
ZIP Area
7,366
Density / Sq Mi
$95,079
Median Household Income
$56,392
Median Earnings
$1,892
Median Rent
$832,200
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - The configuration combines a street-facing commercial space with two leased residential units.
Where is this mixed-use property located?
The property is located at 331 Carson Long Beach, CA.
What is the asking price?
The asking price for this property is $1,399,000.
What are key features of this property?
This property features: Three‑unit configuration with one street‑front commercial space and two residential units; Approximately 3,832 SF of rentable area; Fully occupied: owner‑occupied commercial unit and two leased residential units
