Office Units with New
For Sale
Contact for pricing
641 W Willow Street, Long Beach, CA 90806
Flexible commercial space includes four restrooms and dedicated on-site parking.
Property Size4,800 SF
Price / SF$437.50
Days on Market48
Property Features for 641 W Willow Street
General Information
Standard status
Active
Size
4,800 SF
Total Parking Spaces
15
Property subtype
Retail, Office
Building Details
Stories
1
Listing Agency:
Voit Real Estate Services Voit Anaheim
Listed By:
Drew Zavala · License #CA - 02173846
(714) 978-7880
Source:
Crexi
Added: Aug 28
Changed: Oct 7
Last Checked: Oct 12 at 8:22PM
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 Voit Real Estate Services Voit Anaheim
Investment Insights
Based on property information with market context.
This 4,800-square-foot office unit property combines office and retail space in a practical commercial layout. The property includes four restrooms and 15 parking spaces, supporting everyday occupancy and customer access. Recent improvements include a new roof and two new HVAC units.
Located at 641 W Willow St in Long Beach, California, the property offers an established commercial address for office or retail use. Its combination of usable interior space, multiple restrooms, on-site parking, and updated building systems provides a straightforward physical profile for an owner-user or investor evaluating the asset.
Located at 641 W Willow St in Long Beach, California, the property offers an established commercial address for office or retail use. Its combination of usable interior space, multiple restrooms, on-site parking, and updated building systems provides a straightforward physical profile for an owner-user or investor evaluating the asset.
Key Highlights
- 4,800 square feet of office and retail space
- Four restrooms included
- 15 parking spaces
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$117,693
Cap Rate
5.60%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,353,860
$2.4M
Cap Rate 7%
$1,681,329
$1.7M
Cap Rate 9%
$1,307,700
$1.3M
Market Conditions
NOI Build-Up for 4,800 SF
Gross rent
$206.2K $42.96/SF
− Vacancy
−$49.3K −$10.27/SF
EGI
$156.9K $32.69/SF
− OpEx
−$39.2K −$8.17/SF
NOI
$117.7K $24.52/SF
Area
ZIP 90806
Vacancy
23.90%
Lease Rate
$42.96 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,353,860
Cap Rate 7%
$1,681,329
Cap Rate 9%
$1,307,700
Alternative Uses
Best Use
Office B
$1.68M
$1.47M – $1.96M
NOI $117,693 @ 7.0% cap · market cap 5.60%
Second Best
Retail
$989.9K
$866.2K – $1.15M
NOI $69,296 @ 7.0% cap · market cap 3.30%
Theoretical Best
Office A
$2.57M
$2.25M – $3.00M
NOI $179,893 @ 7.0% cap · market cap 8.57%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,387
Businesses Nearby
Explore this area
Business Placement
Demographics for 90806, CA
41,611
Population
13,106
Households
3.2
Avg Household Size
35
Median Age
22%
College-Educated
72%
High-School Grad
4.9 sq mi
ZIP Area
8,492
Density / Sq Mi
$73,674
Median Household Income
$36,691
Median Earnings
$1,672
Median Rent
$699,800
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 Office in West region
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Frequently Asked Questions
What type of property is this?
Office units - Flexible commercial space includes four restrooms and dedicated on-site parking.
Where is this office units located?
The property is located at 641 W Willow Street Long Beach, CA.
What is the asking price?
The asking price for this property is $2,099,999.
What are key features of this property?
This property features: 4,800 square feet of office and retail space; Four restrooms included; 15 parking spaces
