Multi-Tenant Retail
New
For Sale
$6,880,000
3908-3928 Atlantic Ave, Long Beach, CA 90807
Fully occupied retail space with multiple tenant areas along Atlantic Avenue in Bixby Knolls.
Property Size12,418 SF
Days on Market2
Property Features for 3908-3928 Atlantic Ave
General Information
Standard status
Active
Size
12,418 SF
Property subtype
Retail
Occupancy
100%
Building Details
Building Size
12,418 SF
Year Built
1965
Tenancy
Multi
Listed By:
Noel Aguirre · License #CalDRE #01263417
(562) 354-2526
Source:
Lee-associates
Added: Sep 22
Last Checked: Sep 22 at 1:55PM
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 Noel Aguirre
Investment Insights
Based on property information with market context.
This retail property contains multiple tenant spaces and is fully occupied, supporting an established multi-tenant commercial configuration. The building was constructed in 1965.
The property is positioned along Atlantic Avenue within Bixby Knolls, a primary commercial corridor in Long Beach, California.
The property is positioned along Atlantic Avenue within Bixby Knolls, a primary commercial corridor in Long Beach, California.
Key Highlights
- Fully occupied multi‑tenant retail property
- Located on Atlantic Avenue in Bixby Knolls
- Situated along a primary commercial corridor in Long Beach
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
$204,815
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
2.98%
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%
$4,096,300
$4.1M
Cap Rate 7%
$2,925,929
$2.9M
Cap Rate 9%
$2,275,722
$2.3M
Market Conditions
NOI Build-Up for 12,418 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
$312.9K $25.20/SF
− Vacancy
−$20.3K −$1.64/SF
EGI
$292.6K $23.56/SF
− OpEx
−$87.8K −$7.07/SF
NOI
$204.8K $16.49/SF
Area
Long Beach, CA
Vacancy
6.50%
Lease Rate
$25.20 /SF/Yr
Expense Ratio
30.00%
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%
$4,096,300
Cap Rate 7%
$2,925,929
Cap Rate 9%
$2,275,722
Alternative Uses
Best Use
Retail
$2.93M
$2.56M – $3.41M
NOI $204,815 @ 7.0% cap · market cap 2.98%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$6.65M
$5.82M – $7.76M
NOI $465,398 @ 7.0% cap · market cap 6.76%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
2,889
Businesses Nearby
124k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 44%
Shops & Services 43%
Apparel 7%
Beauty & Spa 5%
Chase Bank
Shops & Services
19,144 visits/mo
0.1 miles
Jack in the Box
Dining
15,043 visits/mo
0.5 miles
Bank of America
Shops & Services
14,729 visits/mo
0.2 miles
Dollar Tree
Shops & Services
11,178 visits/mo
0.4 miles
The Coffee Bean & Tea Leaf
Dining
8,752 visits/mo
0.3 miles
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - Fully occupied retail space with multiple tenant areas along Atlantic Avenue in Bixby Knolls.
Where is this retail space located?
The property is located at 3908-3928 Atlantic Ave Long Beach, CA.
What is the asking price?
The asking price for this property is $6,880,000.
What are key features of this property?
This property features: Fully occupied multi‑tenant retail property; Located on Atlantic Avenue in Bixby Knolls; Situated along a primary commercial corridor in Long Beach
