225 6Th StLong Beach, CA 90802

Property Details for 225 6Th St

Year built

1937

Construction

TILT-UP CONCRETE

Lot size

0.11 AC

Property size (Sq ft)

6,651 SF

Zone code

LBCO

Property type

Retail properties

Property subtype

Other individual retail properties

APN

7273-026-011

APU

7273026011

Description

This exceptional 7,950-square-foot commercial property at 225 East 6th Street in Long Beach, California, presents a unique investment opportunity. Located in the heart of Downtown Long Beach, this single-tenant building offers immediate occupancy with its entirely vacant space. Built in 1937, the two-story structure boasts a classic architectural style and is zoned PD-30. The property features ample parking with 68 spaces available, a significant advantage in a bustling urban environment. Conveniently situated near Long Beach Boulevard, this location offers excellent visibility and accessibility. The building includes elevators for easy access to both floors. The property's APN is 7273-026-011 and is situated within the Long Beach submarket cluster. This versatile space is ideal for a variety of businesses seeking a prominent location in a thriving downtown area. The building's size and amenities make it suitable for a wide range of commercial uses, from executive offices to retail establishments. The property's prime location and substantial square footage offer significant potential for growth and return on investment. This is a rare opportunity to acquire a fully vacant, well-located commercial property in a highly desirable area of Long Beach. The property's history and location combine to create a unique and attractive offering for discerning investors.

• CAP approach

  CAP return

  Valuation

  6%

  $2,320,358

  6.5%

  $2,141,870

  7%

  $1,988,879

• Comparable approach

  Method

  Valuation

  Relative Method

  $5,346,270

  Geo Method

  $5,346,270

• Alternative Use

  Use

  Valuation

  Residential

  $1,806,747

  Hospitality

  $1,654,971

  Educational

  $1,376,916

  Medical

  $1,424,270

  Retail

  $2,141,870

Location Insight

City

Long Beach

County

Los Angeles

State

California

Latitude

33.7744

Longitude

-118.19

CBSA code

31080

CBSA name

LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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