Renovated Office Condo in Long
For Sale
$350,000
7-2734 Broadway, Long Beach, CA 90802
Two-story office condominium in Bluff Heights Historic District.
Property Size550 SF
Price / SF$636.36
Days on Market167
Property Features for 7-2734 Broadway
General Information
Standard status
Active
Size
550 SF
Listing Agency:
Sage Real Estate Group, Inc.
(562) 400-7622
Listed By:
Juan Huizar · License #01417642
(562) 307-0838
Source:
Exprealty
Added: May 5
Changed: Oct 8
Last Checked: Oct 16 at 10:56AM
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 Sage Real Estate Group, Inc.
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Investment Insights
Based on property information with market context.
Located in the Bluff Heights Historic District of Long Beach, 2734 E. Broadway, Suite 7, is a professionally renovated two-story office condominium. This property offers approximately 550 square feet of functional workspace arranged across two levels. It features a loft-style upper office, a private restroom, a kitchenette, and a light-filled main floor with soaring ceilings and an open-to-above volume. The unit has been thoughtfully improved and is move-in ready for an owner-user. The HOA fees are $279 per month.
Key Highlights
- Rare opportunity to own a small office condominium in the desirable Bluff Heights Historic District.
- Professionally renovated, move‑in ready condition.
- Functional workspace of approximately 550 square feet on two levels.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,013
Cap Rate
4.00%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$280,260
$280.3K
Cap Rate 7%
$200,186
$200.2K
Cap Rate 9%
$155,700
$155.7K
Market Conditions
NOI Build-Up for 550 SF
Gross rent
$25.1K $45.60/SF
− Vacancy
−$6.4K −$11.63/SF
EGI
$18.7K $33.97/SF
− OpEx
−$4.7K −$8.49/SF
NOI
$14.0K $25.48/SF
Area
Long Beach, CA
Vacancy
25.50%
Lease Rate
$45.60 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$280,260
Cap Rate 7%
$200,186
Cap Rate 9%
$155,700
Alternative Uses
Best Use
Office B
$200.2K
$175.2K – $233.6K
NOI $14,013 @ 7.0% cap · market cap 4.00%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$294.5K
$257.7K – $343.6K
NOI $20,613 @ 7.0% cap · market cap 5.89%
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
5,611
Businesses Nearby
Explore this area
Business Placement
Demographics for 90802, CA
41,686
Population
25,055
Households
1.7
Avg Household Size
37
Median Age
44%
College-Educated
88%
High-School Grad
6.5 sq mi
ZIP Area
6,413
Density / Sq Mi
$72,152
Median Household Income
$52,011
Median Earnings
$1,855
Median Rent
$546,700
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in West region
Frequently Asked Questions
What type of property is this?
Office units - Two-story office condominium in Bluff Heights Historic District.
Where is this office units located?
The property is located at 7-2734 Broadway Long Beach, CA.
What is the asking price?
The asking price for this property is $350,000.
What are key features of this property?
This property features: Rare opportunity to own a small office condominium in the desirable Bluff Heights Historic District.; Professionally renovated, move‑in ready condition.; Functional workspace of approximately 550 square feet on two levels.
