Multi-Tenant Retail Strip
New
For Sale
$3,100,000
740 Long Beach Blvd, Long Beach, CA 90813
Established tenant mix, two available suites, on-site parking, and direct access to Long Beach Boulevard’s Metro Blue Line Station.
Property Size7,562 SF
Lot Size0.27 Acres
Price / SF$409.94
Days on Market2
Property Features for 740 Long Beach Blvd
General Information
Standard status
Active
Size
7,562 SF
Lot size
0.27 Acres
Property subtype
Retail - Strip/Convenience
Site & Location
Anchor Co-Tenants
Walgreens Pharmacy, Oportun
Highway Access
Yes
Road Access
Yes
Additional Details
Patio
Yes
Amenities
outdoor patio
Building Details
Building Size
7,562 SF
Buildings
1
Tenancy
Multi
Listing Agency:
Coldwell Banker Commercial BLAIR
(562) 495-6070
Listed By:
Sheva Hosseinzadeh · License #01922147
Source:
Commercialcafe
Added: Aug 15
Changed: Aug 16
Last Checked: Aug 16 at 7:54AM
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.
The property at 730–740 Long Beach Boulevard is a multi-tenant retail center comprising approximately 7,562 square feet on an 11,885 square foot lot. Walgreens Pharmacy and Oportun anchor the tenant roster, which also includes LB Fashion and an E-Bike retail store. Two units are vacant: a retail suite of approximately 2,445 SF and a built-out restaurant space of approximately 650 SF with an outdoor patio.
On-site parking is complemented by street parking along the property frontage. The center sits near the signalized intersection of 7th Street, providing access to the 710 Freeway, while the Metro Blue Line Station runs directly in front along Long Beach Boulevard. Nearby retailers include T-Mobile, Carl’s Jr., McDonald’s, Taco Bell, El Pollo Loco, and Denny’s.
On-site parking is complemented by street parking along the property frontage. The center sits near the signalized intersection of 7th Street, providing access to the 710 Freeway, while the Metro Blue Line Station runs directly in front along Long Beach Boulevard. Nearby retailers include T-Mobile, Carl’s Jr., McDonald’s, Taco Bell, El Pollo Loco, and Denny’s.
Key Highlights
- Approximately 7,562 square feet on an 11,885 square foot lot
- Walgreens Pharmacy and Oportun anchor the tenant roster
- Two vacant suites: approximately 2,445 SF retail and 650 SF restaurant space
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
$132,359
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
4.27%
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%
$2,647,180
$2.6M
Cap Rate 7%
$1,890,843
$1.9M
Cap Rate 9%
$1,470,656
$1.5M
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
$188.7K $24.96/SF
− Vacancy
−$12.3K −$1.62/SF
EGI
$176.5K $23.34/SF
− OpEx
−$44.1K −$5.83/SF
NOI
$132.4K $17.50/SF
Area
ZIP 90813
Vacancy
6.50%
Lease Rate
$24.96 /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%
$2,647,180
Cap Rate 7%
$1,890,843
Cap Rate 9%
$1,470,656
Alternative Uses
Best Use
Specialty Retail
$1.89M
$1.65M – $2.21M
NOI $132,359 @ 7.0% cap · market cap 4.27%
Second Best
Retail
$1.54M
$1.34M – $1.79M
NOI $107,525 @ 7.0% cap · market cap 3.47%
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
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
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 - Established tenant mix, two available suites, on-site parking, and direct access to Long Beach Boulevard’s Metro Blue Line Station.
Where is this strip mall located?
The property is located at 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 on an 11,885 square foot lot; Walgreens Pharmacy and Oportun anchor the tenant roster; Two vacant suites: approximately 2,445 SF retail and 650 SF restaurant space
