For Sale
$5,417,000

5764-5780 2Nd St Long Beach, CA 90803

Long Beach, CA retail investment opportunity.

Overview

Added:
Dec 11, 2024
Days on market:
136
This exceptional mixed-use property, located at 5764 & 5780 E. 2nd Street in Long Beach, California's desirable Belmont Shore neighborhood, presents a compelling value-add investment opportunity. The 13,159 square foot building, constructed in 1960, sits on a 0.23-acre lot and features three stories. The property is zoned CNP - Neighborhood Pedestrian-Oriented Commercial and includes eight parking spaces. Currently operating at 40% occupancy, the property offers significant upside potential. The ground floor comprises two retail units

Highlights

  • Significant upside potential through repositioning, tenant replacement, and improved tenant mix.
  • Owner-user opportunity with potential for full or partial occupancy.
  • Substantial NOI growth projected upon stabilization.
  • Seller financing available; contact broker for details.

Property Details for 5764-5780 2Nd St

Property type
Retail properties, Restaurants
Square Feet
13,159 SF
Year Built
1960
Stories
3
Lot Size (sq. ft)
10,019 SF

Location Insight

City
Long Beach
County
Los Angeles
State
California
Latitude
33.756538382975
Longitude
-118.12132652344

FAQs

What type of property is this?
Retail property - Long Beach, CA retail investment opportunity.
Where is the retail property located?
The property is located at 5764-5780 2Nd St Long Beach, CA.
What is the asking price?
The asking price for this property is $5,417,000.
What are key features of this property?
This property features: Significant upside potential through repositioning, tenant replacement, and improved tenant mix.; Owner-user opportunity with potential for full or partial occupancy.; Substantial NOI growth projected upon stabilization.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
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5764-5780 2Nd St
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