Mixed-Use Property with
New
For Sale
$879,000
5949 Atlantic Ave, Long Beach, CA 90805
A street-facing barbershop shares the property with two one-bedroom residences and a high-ceiling garage.
Property Size2,700 SF
Days on Market4
Property Features for 5949 Atlantic Ave
General Information
Standard status
Active
Size
2,700 SF
Total Parking Spaces
4
Property subtype
Investment
Units
Unit Mix
2 x 1BR
Multifamily Units
2
Additional Details
Highway Access
Yes
Building Details
Building Size
2,700 SF
Year Built
1959
Units
3
Listing Agency:
Keller Willliams Pacific Estates
Listed By:
Denise Reesha · License #01411207
(562) 301-9538
Source:
Elliman
Added: Oct 16
Last Checked: Oct 16 at 2:09PM
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 Keller Willliams Pacific Estates
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Investment Insights
Based on property information with market context.
Built in 1959, this mixed-use property combines a spacious, updated barbershop at the front with two one-bedroom residences toward the rear. A two-car garage with high ceilings is identified as having potential for future ADU use, and the property includes four parking spaces.
Newly built homes are one block away. Bixby Knolls, Trader Joe’s, shopping, parks, and freeway access are all described as minutes away. The existing configuration brings together commercial space, two residences, garage space, and on-site parking.
Newly built homes are one block away. Bixby Knolls, Trader Joe’s, shopping, parks, and freeway access are all described as minutes away. The existing configuration brings together commercial space, two residences, garage space, and on-site parking.
Key Highlights
- Updated barbershop at the front with two one‑bedroom units at the rear
- Two‑car garage with high ceilings and potential for future ADU use
- Four parking spaces
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$45,098
Cap Rate
5.13%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$901,960
$902.0K
Cap Rate 7%
$644,257
$644.3K
Cap Rate 9%
$501,089
$501.1K
Market Conditions
NOI Build-Up for 2,700 SF
Gross rent
$85.9K $31.80/SF
− Vacancy
−$3.9K −$1.43/SF
EGI
$82.0K $30.37/SF
− OpEx
−$36.9K −$13.67/SF
NOI
$45.1K $16.70/SF
Area
ZIP 90805
Vacancy
4.50%
Lease Rate
$31.80 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$901,960
Cap Rate 7%
$644,257
Cap Rate 9%
$501,089
Alternative Uses
Best Use
Apartment 5plus
$644.3K
$563.7K – $751.6K
NOI $45,098 @ 7.0% cap · market cap 5.13%
Second Best
Retail
$533.6K
$466.9K – $622.6K
NOI $37,354 @ 7.0% cap · market cap 4.25%
Theoretical Best
Office A
$808.7K
$707.6K – $943.5K
NOI $56,609 @ 7.0% cap · market cap 6.44%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
914
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Mixed-use property - A street-facing barbershop shares the property with two one-bedroom residences and a high-ceiling garage.
Where is this mixed-use property located?
The property is located at 5949 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: Updated barbershop at the front with two one‑bedroom units at the rear; Two‑car garage with high ceilings and potential for future ADU use; Four parking spaces
