Mixed-Use Property with Separate
For Sale
$1,050,000
341 Bonito Avenue, Long Beach, CA 90802
The business-oriented lower level includes five offices, a waiting room, storage, and independent access from the upper floor.
Property Size3,268 SF
Price / SF$321.30
Days on Market105
Property Features for 341 Bonito Avenue
General Information
Standard status
Active
Size
3,268 SF
Property subtype
Mixed Use
Site & Location
Neighborhood
North Alamitos Beach
Mixed-Use Components
office, residential
Additional Details
Office Units
5
Amenities
outdoor patio
Building Details
Building Size
3,268 SF
Year Built
1949
Listing Agency:
RE/MAX Fine Homes
(949) 922-2488
Listed By:
Canaday Group · License #00560041
(949) 249-2424
Source:
Canadaygroup
Added: Jul 15
Changed: Oct 26
Last Checked: Oct 26 at 3:53PM
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 RE/MAX Fine Homes
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Investment Insights
Based on property information with market context.
Separate entrances serve the two levels of this mixed-use property. The ground floor is arranged for business functions, with five offices, a waiting area, and storage. Upstairs, the layout includes four bedrooms, a den, and 1.5 bathrooms, along with laminate flooring and an outdoor patio.
Built in 1949, the property is on Bonito Avenue in Long Beach’s Art District. The beach is three blocks away, with shopping described as minutes from the property.
Built in 1949, the property is on Bonito Avenue in Long Beach’s Art District. The beach is three blocks away, with shopping described as minutes from the property.
Key Highlights
- Five ground‑floor offices, a waiting room, and storage
- Upper level has four bedrooms, a den, and 1.5 bathrooms
- Separate entrances provide access to each level
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$83,265
Cap Rate
7.93%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,665,300
$1.7M
Cap Rate 7%
$1,189,500
$1.2M
Cap Rate 9%
$925,167
$925.2K
Market Conditions
NOI Build-Up for 3,268 SF
Gross rent
$149.0K $45.60/SF
− Vacancy
−$38.0K −$11.63/SF
EGI
$111.0K $33.97/SF
− OpEx
−$27.8K −$8.49/SF
NOI
$83.3K $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 Rate 5%
$1,665,300
Cap Rate 7%
$1,189,500
Cap Rate 9%
$925,167
Alternative Uses
Best Use
Office B
$1.19M
$1.04M – $1.39M
NOI $83,265 @ 7.0% cap · market cap 7.93%
Second Best
Mixed Use
$814.1K
$712.3K – $949.8K
NOI $56,986 @ 7.0% cap · market cap 5.43%
Theoretical Best
Office A
$1.75M
$1.53M – $2.04M
NOI $122,477 @ 7.0% cap · market cap 11.66%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
5
Office units
Location Intelligence
Trade Area within ½ mile
3,484
Businesses Nearby
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Business Placement
Demographics for 90802, CA
41,686
Population
25,055
Households
1.7
Avg Household Size
37
Median Age
44%
College-Educated
88%
High-School Grad
6.5 sq mi
ZIP Area
6,413
Density / Sq Mi
$72,152
Median Household Income
$52,011
Median Earnings
$1,855
Median Rent
$546,700
Median Home Value
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Market
Vacancy Rate% for Office in West region
Frequently Asked Questions
What type of property is this?
Mixed-use property - The business-oriented lower level includes five offices, a waiting room, storage, and independent access from the upper floor.
Where is this mixed-use property located?
The property is located at 341 Bonito Avenue Long Beach, CA.
What is the asking price?
The asking price for this property is $1,050,000.
What are key features of this property?
This property features: Five ground‑floor offices, a waiting room, and storage; Upper level has four bedrooms, a den, and 1.5 bathrooms; Separate entrances provide access to each level
