Mixed-Use Portfolio with
4420 4408 E Greenmeadow, Long Beach, CA 90808
For Sale
$4,850,000
Three mixed-use assets combine SRO accommodations, retail storefronts, updated electrical systems, and on-site laundry.
Property Size14,941 SF
Days on Market54
Property Features for 4420 4408 E Greenmeadow
General Information
Standard status
Size
Property subtype
Financials
Cap Rate
Gross Rent Multiplier
Site & Location
Neighborhood
Utilities to Site
Additional Details
Multifamily Units
Amenities
security cameras
onsite laundry facility
Building Details
Building Size
Year Built
Buildings
Tenancy
Listing Agency:
Triqor Group
Listed By:
Christopher Walker · License #01905338
(949) 756-3232
Source:
Velocityrealtysd
Added: Sep 16
Changed: Nov 5
Last Checked: Nov 6 at 6:05PM
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 Triqor Group
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Investment Insights
Based on property information with market context.
This mixed-use offering comprises three assets with 42 SRO units and three retail storefronts. The SRO rooms range from 100 to 200 square feet and include both private configurations and layouts served by shared bathrooms and showers. Retail spaces have separate gas and electric metering, while the buildings include updated main electrical panels and subpanels. One building adds dedicated 20-amp circuits in the SRO rooms, along with two shared showers, three toilets, and a newer roof.
Property-wide features include security cameras and an on-site laundry facility. The assets were built in 1941 and are positioned within walking distance of Long Beach City College, with Lakewood Golf Course, Heartwell Park, Parkview Village retail, and Long Beach Exchange nearby. Current operating metrics include a 7.2% cap rate and a 7.83 GRM.
Property-wide features include security cameras and an on-site laundry facility. The assets were built in 1941 and are positioned within walking distance of Long Beach City College, with Lakewood Golf Course, Heartwell Park, Parkview Village retail, and Long Beach Exchange nearby. Current operating metrics include a 7.2% cap rate and a 7.83 GRM.
Key Highlights
- 42 SRO units and 3 retail storefronts across three mixed‑use assets
- SRO rooms range from 100 to 200 square feet
- Retail storefronts separately metered for gas and electricity
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$264,030
Cap Rate
5.44%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,280,600
$5.3M
Cap Rate 7%
$3,771,857
$3.8M
Cap Rate 9%
$2,933,667
$2.9M
Market Conditions
NOI Build-Up for 14,941 SF
Gross rent
$403.4K $27.00/SF
− Vacancy
−$26.2K −$1.76/SF
EGI
$377.2K $25.25/SF
− OpEx
−$113.2K −$7.57/SF
NOI
$264.0K $17.67/SF
Area
ZIP 90808
Vacancy
6.50%
Lease Rate
$27.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,280,600
Cap Rate 7%
$3,771,857
Cap Rate 9%
$2,933,667
Alternative Uses
Best Use
Retail
$3.77M
$3.30M – $4.40M
NOI $264,030 @ 7.0% cap · market cap 5.44%
Second Best
Mixed Use
$3.72M
$3.26M – $4.34M
NOI $260,534 @ 7.0% cap · market cap 5.37%
Theoretical Best
Office A
$4.96M
$4.34M – $5.78M
NOI $346,995 @ 7.0% cap · market cap 7.15%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
42
Residential units
Multi-tenant
Tenancy
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
867
Businesses Nearby
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Business Placement
Demographics for 90808, CA
39,747
Population
14,803
Households
2.7
Avg Household Size
43
Median Age
46%
College-Educated
94%
High-School Grad
6.9 sq mi
ZIP Area
5,760
Density / Sq Mi
$131,959
Median Household Income
$71,224
Median Earnings
$2,271
Median Rent
$900,100
Median Home Value
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Market
Average Price Trend$/SF for Mixed-use properties in Long Beach, CA
Properties on Market for Mixed-use properties in Long Beach
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Three mixed-use assets combine SRO accommodations, retail storefronts, updated electrical systems, and on-site laundry.
Where is this mixed-use property located?
The property is located at 4420 4408 E Greenmeadow Long Beach, CA.
What is the asking price?
The asking price for this property is $4,850,000.
What are key features of this property?
This property features: 42 SRO units and 3 retail storefronts across three mixed‑use assets; SRO rooms range from 100 to 200 square feet; Retail storefronts separately metered for gas and electricity
