Mixed-Use Retail
For Sale
$879,000
5239 Atlantic Ave, Long Beach, CA 90805
Versatile commercial property with endless possibilities in Long Beach.
Property Size3,134 SF
Lot Size0.10 Acres
Days on Market138
Property Features for 5239 Atlantic Ave
General Information
Standard status
Active
Size
3,134 SF
Lot size
0.10 Acres
Property subtype
Commercial
Building Details
Building Size
3,134 SF
Year Built
1929
Units
1
Listing Agency:
Leamani Home Sales
(310) 721-1290
Listed By:
Katonja Neal · License #01374690
(310) 721-1290
Source:
Elliman
Added: Mar 24
Changed: Aug 8
Last Checked: Aug 8 at 2:19PM
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 Leamani Home Sales
Investment Insights
Based on property information with market context.
This mixed-use commercial retail property, located in a LBCCA Opportunity Zone MU2, offers versatile possibilities. The building features two separate entrances, suitable for use as a private office, along with an additional office space within the main hall. It includes a full kitchen and two restrooms. Two spacious gathering areas provide room for fellowship or events. At the rear, there is an enclosed concrete patio. The property is freshly painted and ready to be reimagined for various uses such as an event center, bingo hall, dance studio, party venue, or retail space.
Key Highlights
- Versatile mixed‑use commercial retail property (LBCCA Opportunity Zone MU2).
- Two separate entrances allow use as a private office.
- Two spacious gathering areas suitable for events.**
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
$47,160
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
5.37%
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%
$943,200
$943.2K
Cap Rate 7%
$673,714
$673.7K
Cap Rate 9%
$524,000
$524.0K
Market Conditions
NOI Build-Up for 3,134 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
$82.7K $26.40/SF
− Vacancy
−$19.9K −$6.34/SF
EGI
$62.9K $20.06/SF
− OpEx
−$15.7K −$5.02/SF
NOI
$47.2K $15.05/SF
Area
ZIP 90805
Vacancy
24.00%
Lease Rate
$26.40 /SF/Yr
Expense Ratio
25.00%
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%
$943,200
Cap Rate 7%
$673,714
Cap Rate 9%
$524,000
Alternative Uses
Best Use
Office B
$673.7K
$589.5K – $786.0K
NOI $47,160 @ 7.0% cap · market cap 5.37%
Second Best
Mixed Use
$617.8K
$540.6K – $720.8K
NOI $43,249 @ 7.0% cap · market cap 4.92%
Theoretical Best
Office A
$938.7K
$821.4K – $1.10M
NOI $65,709 @ 7.0% cap · market cap 7.48%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,091
Businesses Nearby
Explore this area
Business Placement
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
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Mixed-use property - Versatile commercial property with endless possibilities in Long Beach.
Where is this mixed-use property located?
The property is located at 5239 Atlantic Ave Long Beach, CA.
What is the asking price?
The asking price for this property is $879,000.
What are key features of this property?
This property features: Versatile mixed‑use commercial retail property (LBCCA Opportunity Zone MU2).; Two separate entrances allow use as a private office.; Two spacious gathering areas suitable for events.**
