Multi-Tenant Retail
For Sale
$2,600,000
6001 Atlantic Avenue, Long Beach, CA 90805
Two leased units support an established neighborhood retail configuration with customer parking and direct Atlantic Avenue access.
Property Size5,736 SF
Lot Size0.35 Acres
Price / SF$453.28
Days on Market25
Property Features for 6001 Atlantic Avenue
General Information
Standard status
Active
Size
5,736 SF
Total Parking Spaces
15
Lot size
0.35 Acres
Property subtype
Business
Additional Details
Highway Access
Yes
Building Details
Building Size
5,736 SF
Year Built
1968
Buildings
1
Tenancy
Multi
Listing Agency:
Pars Properties
(818) 266-6424
Listed By:
Michael Kamali · License #01207875
Source:
Velocityrealtysd
Added: Jul 30
Changed: Aug 23
Last Checked: Aug 23 at 10:01AM
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 Pars Properties
Investment Insights
Based on property information with market context.
This 5,736-square-foot retail building occupies a 15,159-square-foot parcel and contains two leased units identified as Local Market and Laundry Mat. The property includes 15 customer parking spaces, street frontage, and customer access along Atlantic Avenue. Built in 1968, the asset offers an established commercial layout within an active retail corridor.
The property is positioned near residential neighborhoods, restaurants, schools, professional services, and other neighborhood-serving retailers. Atlantic Avenue connects the site with the 91, 710, and 405 Freeways, providing access to Downtown Long Beach, Los Angeles, Orange County, and the Ports of Long Beach and Los Angeles. Long Beach Airport is also located nearby. Walk Score is 75, Bike Score is 55, and Transit Score is 50.
The property is positioned near residential neighborhoods, restaurants, schools, professional services, and other neighborhood-serving retailers. Atlantic Avenue connects the site with the 91, 710, and 405 Freeways, providing access to Downtown Long Beach, Los Angeles, Orange County, and the Ports of Long Beach and Los Angeles. Long Beach Airport is also located nearby. Walk Score is 75, Bike Score is 55, and Transit Score is 50.
Key Highlights
- 5,736‑square‑foot retail building on a 15,159‑square‑foot parcel
- Two leased units: Local Market and Laundry Mat
- 15 customer parking spaces
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
$91,220
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
3.51%
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%
$1,824,400
$1.8M
Cap Rate 7%
$1,303,143
$1.3M
Cap Rate 9%
$1,013,556
$1.0M
Market Conditions
NOI Build-Up for 5,736 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
$130.8K $22.80/SF
− Vacancy
−$9.2K −$1.60/SF
EGI
$121.6K $21.20/SF
− OpEx
−$30.4K −$5.30/SF
NOI
$91.2K $15.90/SF
Area
ZIP 90805
Vacancy
7.00%
Lease Rate
$22.80 /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%
$1,824,400
Cap Rate 7%
$1,303,143
Cap Rate 9%
$1,013,556
Alternative Uses
Best Use
Specialty Retail
$1.30M
$1.14M – $1.52M
NOI $91,220 @ 7.0% cap · market cap 3.51%
Second Best
Retail
$1.13M
$992.0K – $1.32M
NOI $79,356 @ 7.0% cap · market cap 3.05%
Theoretical Best
Office A
$1.72M
$1.50M – $2.00M
NOI $120,263 @ 7.0% cap · market cap 4.63%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
914
Businesses Nearby
26k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 90%
Dining 10%
AutoZone
Shops & Services
9,588 visits/mo
0.2 miles
7-Eleven
Shops & Services
7,740 visits/mo
0.3 miles
Chevron
Shops & Services
6,161 visits/mo
0.2 miles
Super Mex
Dining
2,717 visits/mo
0.3 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
Vacancy Rate% for Retail in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - Two leased units support an established neighborhood retail configuration with customer parking and direct Atlantic Avenue access.
Where is this retail space located?
The property is located at 6001 Atlantic Avenue Long Beach, CA.
What is the asking price?
The asking price for this property is $2,600,000.
What are key features of this property?
This property features: 5,736‑square‑foot retail building on a 15,159‑square‑foot parcel; Two leased units: Local Market and Laundry Mat; 15 customer parking spaces
