Multi-Tenant Retail Strip
New
For Sale
$3,100,000
730-740 Long Beach Blvd, Long Beach, CA 90813
Located in Downtown Long Beach, the property offers a multi-tenant retail configuration.
Property Size7,562 SF
Lot Size0.27 Acres
Price / SF$409.94
Days on Market3
Property Features for 730-740 Long Beach Blvd
General Information
Standard status
Active
Size
7,562 SF
Lot size
0.27 Acres
Property subtype
Retail
Building Details
Building Size
7,562 SF
Tenancy
Multi
Listing Agency:
Coldwell Banker Commercial BLAIR
(562) 400-5949
Listed By:
Sheva Hosseinzadeh · License #01922147
(562) 400-5949
Source:
Cbcworldwide
Added: Aug 8
Changed: Aug 9
Last Checked: Aug 9 at 5:34PM
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 Coldwell Banker Commercial BLAIR
Investment Insights
Based on property information with market context.
This strip mall comprises approximately 7,562 square feet of building area arranged for multiple retail occupancies. The improvements sit on an approximately 11,885-square-foot lot, providing a defined commercial site for the existing center.
The property is located at 730–740 Long Beach Boulevard in Downtown Long Beach, California, within the 90813 ZIP code. Its multi-tenant format and urban downtown setting distinguish the asset within the local retail landscape.
The property is located at 730–740 Long Beach Boulevard in Downtown Long Beach, California, within the 90813 ZIP code. Its multi-tenant format and urban downtown setting distinguish the asset within the local retail landscape.
Key Highlights
- Approximately 7,562 square feet of building area
- Approximately 11,885‑square‑foot lot
- Multi‑tenant retail strip center configuration
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
$107,525
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
3.47%
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%
$2,150,500
$2.2M
Cap Rate 7%
$1,536,071
$1.5M
Cap Rate 9%
$1,194,722
$1.2M
Market Conditions
NOI Build-Up for 7,562 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
$166.1K $21.96/SF
− Vacancy
−$12.5K −$1.65/SF
EGI
$153.6K $20.31/SF
− OpEx
−$46.1K −$6.09/SF
NOI
$107.5K $14.22/SF
Area
ZIP 90813
Vacancy
7.50%
Lease Rate
$21.96 /SF/Yr
Expense Ratio
30.00%
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%
$2,150,500
Cap Rate 7%
$1,536,071
Cap Rate 9%
$1,194,722
Alternative Uses
Best Use
Retail
$1.54M
$1.34M – $1.79M
NOI $107,525 @ 7.0% cap · market cap 3.47%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$2.48M
$2.17M – $2.90M
NOI $173,811 @ 7.0% cap · market cap 5.61%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
5,460
Businesses Nearby
277k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 48%
Groceries 28%
Shops & Services 22%
Electronics 2%
Superior Grocers
Groceries
38,748 visits/mo
0.3 miles
El Super
Groceries
38,294 visits/mo
0.3 miles
Starbucks
Dining
19,105 visits/mo
0.2 miles
Carl's Jr.
Dining
18,755 visits/mo
0.1 miles
Chase Bank
Shops & Services
18,629 visits/mo
0.2 miles
Demographics for 90813, CA
54,565
Population
18,603
Households
2.9
Avg Household Size
32
Median Age
16%
College-Educated
63%
High-School Grad
3.1 sq mi
ZIP Area
17,602
Density / Sq Mi
$50,302
Median Household Income
$31,450
Median Earnings
$1,578
Median Rent
$543,700
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?
Strip mall - Located in Downtown Long Beach, the property offers a multi-tenant retail configuration.
Where is this strip mall located?
The property is located at 730-740 Long Beach Blvd Long Beach, CA.
What is the asking price?
The asking price for this property is $3,100,000.
What are key features of this property?
This property features: Approximately 7,562 square feet of building area; Approximately 11,885‑square‑foot lot; Multi‑tenant retail strip center configuration
