Two-Building Retail
5382-5386 Cherry Ave, Long Beach, CA 90805
For Sale
New
Contact for pricing
The offering comprises two retail buildings for sale.
Property Size12,322 SF
Price / SF$348.97
Days on Market5
Property Features for 5382-5386 Cherry Ave
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Building Details
Buildings
Listing Agency:
Lee & Associates
(949) 727-1200
Listed By:
Randy Dalby
(949) 790-3165
Source:
Moodyscre
Added: Nov 9
Changed: Nov 12
Last Checked: Nov 12 at 2:39PM
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 Lee & Associates
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
The property consists of two retail buildings at 5382-5386 Cherry Ave in Long Beach, California. Together, the buildings contain 12,322 square feet and are offered for sale.
Key Highlights
- Two retail buildings
- 12,322 square feet across the property
- Located at 5382‑5386 Cherry Ave in Long Beach, CA 90805
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$170,472
Cap Rate
3.96%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,409,440
$3.4M
Cap Rate 7%
$2,435,314
$2.4M
Cap Rate 9%
$1,894,133
$1.9M
Market Conditions
NOI Build-Up for 12,322 SF
Gross rent
$266.2K $21.60/SF
− Vacancy
−$22.6K −$1.84/SF
EGI
$243.5K $19.76/SF
− OpEx
−$73.1K −$5.93/SF
NOI
$170.5K $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%
$3,409,440
Cap Rate 7%
$2,435,314
Cap Rate 9%
$1,894,133
Alternative Uses
Best Use
Retail
$2.44M
$2.13M – $2.84M
NOI $170,472 @ 7.0% cap · market cap 3.96%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.69M
$3.23M – $4.31M
NOI $258,348 @ 7.0% cap · market cap 6.01%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,118
Businesses Nearby
208k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 35%
Dining 24%
Groceries 23%
Apparel 17%
Superior Grocers
Groceries
46,877 visits/mo
0.0 miles
Ross Dress for Less
Apparel
25,988 visits/mo
0.1 miles
McDonald's
Dining
22,555 visits/mo
0.4 miles
dd's DISCOUNTS
Shops & Services
19,345 visits/mo
0.1 miles
ARCO
Shops & Services
17,734 visits/mo
0.4 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
$588,500
Median Home Value
Market
Average Price Trend$/SF for Strip malls in Los Angeles County, CA
Properties on Market for Strip malls in Los Angeles County
Vacancy Rate% for Retail in West region
Frequently Asked Questions
What type of property is this?
Strip mall - The offering comprises two retail buildings for sale.
Where is this strip mall located?
The property is located at 5382-5386 Cherry Ave Long Beach, CA.
What is the asking price?
The asking price for this property is $4,300,000.
What are key features of this property?
This property features: Two retail buildings; 12,322 square feet across the property; Located at 5382‑5386 Cherry Ave in Long Beach, CA 90805
