Two-Story Creative Office
For Sale
Contact for pricing
3636 Long Beach Blvd, Long Beach, CA 90807
Mid-century design, abundant natural light, and flexible suite configurations support professional office use.
Property Size6,982 SF
Lot Size0.28 Acres
Price / SF$336.58
Days on Market159
Property Features for 3636 Long Beach Blvd
General Information
Standard status
Active
Size
6,982 SF
Class
B
Total Parking Spaces
30
Lot size
0.28 Acres
Property subtype
Office
Zoning
CCA / HR-4
Occupancy
86%
Lease Type
Modified Gross
Investment Type
Value Add
Net Operating Income
$142,498
Building Details
Year Built
1964
Year Renovated
2023
Buildings
1
Stories
2
Units
19
Tenancy
Multi
Building Size
6,982 SF
Listing Agency:
Lee & Associates - Long Beach
(562) 354-2528
Listed By:
Noël Aguirre · License #CA 01263417
Source:
Crexi
Added: Mar 25
Changed: Aug 30
Last Checked: Aug 30 at 2:51AM
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 Lee & Associates - Long Beach
Investment Insights
Based on property information with market context.
This office building provides approximately ±6,982 square feet across two stories on ±12,169 square feet of land. Built in 1964, the property retains mid-century modern character and includes flexible suite layouts, substantial natural light, and 30 on-site parking spaces. Its configuration is suited to professional office occupancy and creative workplace users.
The property fronts Long Beach Boulevard in Bixby Knolls, a well-established commercial area of Long Beach. The corridor provides street exposure and convenient access, with surrounding amenities supporting daily workplace activity. CCA / HR-4 zoning is also in place.
The property fronts Long Beach Boulevard in Bixby Knolls, a well-established commercial area of Long Beach. The corridor provides street exposure and convenient access, with surrounding amenities supporting daily workplace activity. CCA / HR-4 zoning is also in place.
Key Highlights
- ±6,982 square feet of office space
- ±12,169 square feet of land, or ±0.28 acres
- Two‑story building constructed in 1964
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
$177,894
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
7.57%
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%
$3,557,880
$3.6M
Cap Rate 7%
$2,541,343
$2.5M
Cap Rate 9%
$1,976,600
$2.0M
Market Conditions
NOI Build-Up for 6,982 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
$318.4K $45.60/SF
− Vacancy
−$81.2K −$11.63/SF
EGI
$237.2K $33.97/SF
− OpEx
−$59.3K −$8.49/SF
NOI
$177.9K $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 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%
$3,557,880
Cap Rate 7%
$2,541,343
Cap Rate 9%
$1,976,600
Alternative Uses
Best Use
Office B
$2.54M
$2.22M – $2.96M
NOI $177,894 @ 7.0% cap · market cap 7.57%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.74M
$3.27M – $4.36M
NOI $261,669 @ 7.0% cap · market cap 11.13%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
2,530
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 Office in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - Mid-century design, abundant natural light, and flexible suite configurations support professional office use.
Where is this office building located?
The property is located at 3636 Long Beach Blvd Long Beach, CA.
What is the asking price?
The asking price for this property is $2,350,000.
What are key features of this property?
This property features: ±6,982 square feet of office space; ±12,169 square feet of land, or ±0.28 acres; Two‑story building constructed in 1964
