Remodeled Church
New
For Sale
$12,000,000
3732 Long Beach Blvd, Long Beach, CA 90807
Remodeled sanctuary, ancillary worship space, daycare/school facility, and event-oriented support areas form a functioning religious campus.
Property Size43,384 SF
Lot Size1.94 Acres
Price / SF$276.60
Days on Market2
Property Features for 3732 Long Beach Blvd
General Information
Standard status
Active
Size
43,384 SF
Total Parking Spaces
130
Lot size
1.94 Acres
Property subtype
Mixed Use
Amenities
commercial-grade kitchen
meeting hall
playground
multi-purpose spaces
Building Details
Building Size
43,384 SF
Tenancy
Multi
Abandoned
No
Listing Agency:
Coldwell Banker Commercial BLAIR
(562) 400-5949
Listed By:
Sheva Hosseinzadeh · License #01922147
(562) 400-5949
Source:
Cbcworldwide
Added: Aug 10
Changed: Aug 11
Last Checked: Aug 11 at 4:43AM
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 Coldwell Banker Commercial BLAIR
Investment Insights
Based on property information with market context.
This functioning religious campus comprises approximately 43,384 square feet of building improvements on an approximately 84,440 square foot lot. The remodeled main sanctuary accommodates approximately 800 people, while a second church building provides space for approximately 150 to 200 attendees and is leased to another congregation. That building connects to a commercial-grade kitchen and meeting hall, expanding the campus’s event and assembly capabilities.
The property also contains a licensed daycare and school facility approved for up to 60 students, along with a large playground. Additional multipurpose rooms support church-related and community-serving activities. On-site parking accommodates up to 130 vehicles, and a license is available for bingo events. The campus has been maintained and upgraded, with approximately $1,300,000 invested in recent improvements.
The property also contains a licensed daycare and school facility approved for up to 60 students, along with a large playground. Additional multipurpose rooms support church-related and community-serving activities. On-site parking accommodates up to 130 vehicles, and a license is available for bingo events. The campus has been maintained and upgraded, with approximately $1,300,000 invested in recent improvements.
Key Highlights
- Approximately 43,384 SF of building improvements on an approximately 84,440 SF lot
- Remodeled sanctuary with seating for approximately 800 people
- On‑site parking for up to 130 vehicles
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
$756,509
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
6.30%
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%
$15,130,180
$15.1M
Cap Rate 7%
$10,807,271
$10.8M
Cap Rate 9%
$8,405,656
$8.4M
Market Conditions
NOI Build-Up for 43,384 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
$1.30M $30.00/SF
− Vacancy
−$91.1K −$2.10/SF
EGI
$1.21M $27.90/SF
− OpEx
−$453.9K −$10.46/SF
NOI
$756.5K $17.44/SF
Area
Long Beach, CA
Vacancy
7.00%
Lease Rate
$30.00 /SF/Yr
Expense Ratio
37.50%
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%
$15,130,180
Cap Rate 7%
$10,807,271
Cap Rate 9%
$8,405,656
Alternative Uses
Best Use
Mixed Use
$10.81M
$9.46M – $12.61M
NOI $756,509 @ 7.0% cap · market cap 6.30%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$23.23M
$20.32M – $27.10M
NOI $1,625,934 @ 7.0% cap · market cap 13.55%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
3,604
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Church & religious facility - Remodeled sanctuary, ancillary worship space, daycare/school facility, and event-oriented support areas form a functioning religious campus.
Where is this church & religious facility located?
The property is located at 3732 Long Beach Blvd Long Beach, CA.
What is the asking price?
The asking price for this property is $12,000,000.
What are key features of this property?
This property features: Approximately 43,384 SF of building improvements on an approximately 84,440 SF lot; Remodeled sanctuary with seating for approximately 800 people; On‑site parking for up to 130 vehicles
