Long Beach Commercial Units For
For Sale
$1,200,000
456 E Market, Long Beach, CA 90805
Commercial property in Long Beach with upside potential and strong cashflow.
Property Size2,556 SF
Days on Market364
Property Features for 456 E Market
General Information
Standard status
Active
Size
2,556 SF
Property subtype
Multi Family
Site & Location
Neighborhood
Addams
Building Details
Building Size
2,556 SF
Year Built
1949
Listing Agency:
Beverly and Company
Listed By:
Jeannette Gonzalez · License #01938940
(818) 632-3944
Source:
Truthrealty
Added: Oct 27, 2025
Changed: Oct 14
Last Checked: Oct 24 at 10:10PM
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 Beverly and Company
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Investment Insights
Based on property information with market context.
This commercial property is located in Long Beach and zoned LBCMR. The location provides access to shopping, transportation, and freeways, with connections to LAX Airport, Downtown LA, and other metropolitan areas. The property offers upside potential for rent growth and increased cash flow. Currently, all units are occupied, presenting an opportunity to upgrade and secure market rents. The property has a bike score of 78, indicating it is very bikeable, and a walk score of 77, indicating it is very walkable. The transit score is 45, indicating some transit options are available.
Key Highlights
- Strong upside potential for rent growth and increased cash flow due to LBCMR zoning.
- Currently occupied units provide immediate income and opportunity for upgrades to secure market rents.
- Centrally located in Long Beach with access to major shopping and convenient transportation.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$35,362
Cap Rate
2.95%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$707,240
$707.2K
Cap Rate 7%
$505,171
$505.2K
Cap Rate 9%
$392,911
$392.9K
Market Conditions
NOI Build-Up for 2,556 SF
Gross rent
$55.2K $21.60/SF
− Vacancy
−$4.7K −$1.84/SF
EGI
$50.5K $19.76/SF
− OpEx
−$15.2K −$5.93/SF
NOI
$35.4K $13.83/SF
Area
ZIP 90805
Vacancy
8.50%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$707,240
Cap Rate 7%
$505,171
Cap Rate 9%
$392,911
Alternative Uses
Best Use
Retail
$505.2K
$442.0K – $589.4K
NOI $35,362 @ 7.0% cap · market cap 2.95%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$765.6K
$669.9K – $893.2K
NOI $53,590 @ 7.0% cap · market cap 4.47%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,193
Businesses Nearby
104k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 57%
Shops & Services 41%
Electronics 2%
Jack in the Box
Dining
16,683 visits/mo
0.2 miles
Dollar Tree
Shops & Services
15,841 visits/mo
0.3 miles
Starbucks
Dining
14,436 visits/mo
0.1 miles
Taco Bell
Dining
12,367 visits/mo
0.1 miles
Popeyes Louisiana Kitchen
Dining
9,849 visits/mo
0.1 miles
Demographics for 90805, CA
95,350
Population
28,954
Households
3.3
Avg Household Size
34
Median Age
18%
College-Educated
74%
High-School Grad
7.4 sq mi
ZIP Area
12,885
Density / Sq Mi
$68,615
Median Household Income
$34,948
Median Earnings
$1,664
Median Rent
$588,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in West region
Similar Off Market Nearby
- rubens flower designs — 49 W Del Amo Blvd, Long Beach, CA 90805
- Joshua's Flowers — 5208 Atlantic Ave, Long Beach, CA 90808
- Dory's Flower & Gift Shop — 5359 Long Beach Blvd, Long Beach, CA 90805
- Lili's Flowers — 322 E Market St, Long Beach, CA 90805
- Alysson's Flowers and Gifts — 5370 Atlantic Ave, Long Beach, CA 90805
Frequently Asked Questions
What type of property is this?
Storefront property - Commercial property in Long Beach with upside potential and strong cashflow.
Where is this storefront property located?
The property is located at 456 E Market Long Beach, CA.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: Strong upside potential for rent growth and increased cash flow due to LBCMR zoning.; Currently occupied units provide immediate income and opportunity for upgrades to secure market rents.; Centrally located in Long Beach with access to major shopping and convenient transportation.
