Mixed-Use Building with
New
For Sale
$749,900
3356 Santa Fe, Long Beach, CA 90810
Ground-floor retail is combined with an updated upstairs apartment and rear tandem parking.
Property Size2,414 SF
Days on Market4
Property Features for 3356 Santa Fe
General Information
Standard status
Active
Size
2,414 SF
Total Parking Spaces
6
Property subtype
Commercial
Additional Details
Multifamily Units
1
Building Details
Building Size
2,414 SF
Year Built
1928
Buildings
1
Units
2
Listing Agency:
ANN HERR
(888) 603-4776
Listed By:
Ann Herr
Source:
Elliman
Added: Aug 5
Changed: Aug 6
Last Checked: Aug 8 at 1:17PM
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 ANN HERR
Investment Insights
Based on property information with market context.
Built in 1928, this mixed-use property combines a ground-floor retail component with an updated apartment on the second level. The retail operation is currently functioning as a mini market offering beer and wine, while the residential portion provides a separate upstairs living component.
Rear parking accommodates up to 6 cars in tandem. The property is located at 3356 Santa Fe in Long Beach, California, with walk, bike, and transit scores of 38, 42, and 38, respectively.
Rear parking accommodates up to 6 cars in tandem. The property is located at 3356 Santa Fe in Long Beach, California, with walk, bike, and transit scores of 38, 42, and 38, respectively.
Key Highlights
- Mixed‑use layout with ground‑floor retail and an updated upstairs apartment
- Operating mini market with beer and wine offerings
- Rear tandem parking accommodates up to 6 cars
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
$46,164
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
6.16%
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%
$923,280
$923.3K
Cap Rate 7%
$659,486
$659.5K
Cap Rate 9%
$512,933
$512.9K
Market Conditions
NOI Build-Up for 2,414 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
$88.4K $36.60/SF
− Vacancy
−$4.4K −$1.83/SF
EGI
$83.9K $34.77/SF
− OpEx
−$37.8K −$15.65/SF
NOI
$46.2K $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%
$923,280
Cap Rate 7%
$659,486
Cap Rate 9%
$512,933
Alternative Uses
Best Use
Apartment 5plus
$659.5K
$577.1K – $769.4K
NOI $46,164 @ 7.0% cap · market cap 6.16%
Second Best
Specialty Retail
$648.7K
$567.6K – $756.8K
NOI $45,407 @ 7.0% cap · market cap 6.06%
Theoretical Best
Office A
$1.29M
$1.13M – $1.51M
NOI $90,471 @ 7.0% cap · market cap 12.06%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
286
Businesses Nearby
15k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Chevron
Shops & Services
14,701 visits/mo
0.5 miles
Demographics for 90810, CA
38,529
Population
10,294
Households
3.7
Avg Household Size
37
Median Age
21%
College-Educated
76%
High-School Grad
6.5 sq mi
ZIP Area
5,928
Density / Sq Mi
$82,222
Median Household Income
$39,397
Median Earnings
$1,554
Median Rent
$594,200
Median Home Value
Market
Vacancy Rate% for Retail in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Ground-floor retail is combined with an updated upstairs apartment and rear tandem parking.
Where is this mixed-use property located?
The property is located at 3356 Santa Fe Long Beach, CA.
What is the asking price?
The asking price for this property is $749,900.
What are key features of this property?
This property features: Mixed‑use layout with ground‑floor retail and an updated upstairs apartment; Operating mini market with beer and wine offerings; Rear tandem parking accommodates up to 6 cars
