Mixed-Use Retail
5239 Atlantic Ave, Long Beach, CA 90805
For Sale
$879,000
Versatile commercial property with endless possibilities in Long Beach.
Property Size3,134 SF
Lot Size0.10 Acres
Days on Market230
Property Features for 5239 Atlantic Ave
General Information
Standard status
Size
Lot size
Property subtype
Site & Location
Neighborhood
Building Details
Building Size
Year Built
Units
Listing Agency:
Leamani Home Sales
Listed By:
Katonja Neal · License #01374690
(310) 721-1290
Source:
Elliman
Added: Mar 24
Changed: Aug 22
Last Checked: Aug 25 at 5:13AM
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
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Review the available facts, identify missing information and prepare questions for the agent.
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 / Yr
$43,249
Cap Rate
4.92%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$864,980
$865.0K
Cap Rate 7%
$617,843
$617.8K
Cap Rate 9%
$480,544
$480.5K
Market Conditions
NOI Build-Up for 3,134 SF
Gross rent
$75.2K $24.00/SF
− Vacancy
−$6.0K −$1.92/SF
EGI
$69.2K $22.08/SF
− OpEx
−$25.9K −$8.28/SF
NOI
$43.2K $13.80/SF
Area
ZIP 90805
Vacancy
8.00%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$864,980
Cap Rate 7%
$617,843
Cap Rate 9%
$480,544
Alternative Uses
Best Use
Mixed Use
$617.8K
$540.6K – $720.8K
NOI $43,249 @ 7.0% cap · market cap 4.92%
Second Best
—
—
no second resolved use
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.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
894
Businesses Nearby
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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
$588,500
Median Home Value
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Market
Average Price Trend$/SF for Mixed-use properties in Long Beach, CA
Properties on Market for Mixed-use properties in Long Beach
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.**
