Storefront with Rear
New
For Sale
$1,250,000
4124 E Anaheim St, Long Beach, CA 90804
Retail space fronts the property, with a two-story residential duplex positioned behind it.
Property Size3,000 SF
Days on Market3
Property Features for 4124 E Anaheim St
General Information
Standard status
Active
Size
3,000 SF
Property subtype
Commercial
Zoning
LBCCN
Building Details
Building Size
3,000 SF
Year Built
1947
Units
2
Listing Agency:
(949) 438-4340
Listed By:
Janelle File
Source:
Elliman
Added: Aug 20
Changed: Aug 21
Last Checked: Aug 22 at 6:56AM
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 Janelle File
Investment Insights
Based on property information with market context.
This single-story retail storefront contains approximately 2,060 SF and is currently operating as a salon business. A separate two-story duplex at the rear adds approximately 940 SF of residential space, with a downstairs 2bd/1ba unit and an upstairs 1bd/2ba unit. The property was built in 1947 and is zoned LBCCN.
Located at 4124 E Anaheim St in Long Beach, the property combines commercial and residential improvements on one site. Walk Score is 79, Bike Score is 74, and Transit Score is 48, reflecting walkable access and some transit service.
Located at 4124 E Anaheim St in Long Beach, the property combines commercial and residential improvements on one site. Walk Score is 79, Bike Score is 74, and Transit Score is 48, reflecting walkable access and some transit service.
Key Highlights
- Approximately 2,060 SF single‑story retail storefront
- Approximately 940 SF two‑story duplex at the rear
- Downstairs duplex unit: 2bd/1ba
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
$64,502
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
5.16%
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%
$1,290,040
$1.3M
Cap Rate 7%
$921,457
$921.5K
Cap Rate 9%
$716,689
$716.7K
Market Conditions
NOI Build-Up for 3,000 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
$97.2K $32.40/SF
− Vacancy
−$5.1K −$1.68/SF
EGI
$92.1K $30.72/SF
− OpEx
−$27.6K −$9.21/SF
NOI
$64.5K $21.50/SF
Area
Long Beach, CA
Vacancy
5.20%
Lease Rate
$32.40 /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%
$1,290,040
Cap Rate 7%
$921,457
Cap Rate 9%
$716,689
Alternative Uses
Best Use
Multifamily LT 5
$921.5K
$806.3K – $1.08M
NOI $64,502 @ 7.0% cap · market cap 5.16%
Second Best
Apartment 5plus
$819.6K
$717.1K – $956.2K
NOI $57,371 @ 7.0% cap · market cap 4.59%
Theoretical Best
Office A
$1.61M
$1.41M – $1.87M
NOI $112,433 @ 7.0% cap · market cap 8.99%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
2,740
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 90804, CA
39,370
Population
15,998
Households
2.5
Avg Household Size
33
Median Age
30%
College-Educated
75%
High-School Grad
2.2 sq mi
ZIP Area
17,895
Density / Sq Mi
$68,940
Median Household Income
$38,914
Median Earnings
$1,801
Median Rent
$673,600
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Storefront property - Retail space fronts the property, with a two-story residential duplex positioned behind it.
Where is this storefront property located?
The property is located at 4124 E Anaheim St Long Beach, CA.
What is the asking price?
The asking price for this property is $1,250,000.
What are key features of this property?
This property features: Approximately 2,060 SF single‑story retail storefront; Approximately 940 SF two‑story duplex at the rear; Downstairs duplex unit: 2bd/1ba
