5500 Atherton StLong Beach, CA 90815

Property Details for 5500 Atherton St

Year built

1980

Construction

WOOD

Lot size

0.39 AC

Property size (Sq ft)

29,277 SF

Zone code

LBCCA

Property type

Office buildings

APN

7239-019-018

APU

7239019018

Description

This four-story, Class B commercial building at 5500 E. Atherton St, Long Beach, CA 90815, offers a unique opportunity. The 29,297 square foot property features a mix of office and ground floor retail spaces, currently with three available suites ranging from approximately 1,152 to 1,518 square feet. Ideally situated at the high-traffic intersection of Atherton Street and Bellflower Boulevard, near California State University, Long Beach, this location provides excellent visibility and accessibility. The building, constructed in 1980, boasts 75 parking spaces spread across three levels, including both street-level and subterranean parking, with designated spaces for customers and handicapped accessibility. The building includes elevators for convenient access to all four floors. Zoned LBCCA, this multi-tenant property offers a versatile space for businesses seeking a prominent Long Beach location, with easy access to the 405 Freeway and Long Beach Airport. The available spaces present a chance to establish a presence in a thriving area with high foot and vehicle traffic.

• CAP approach

  CAP return

  Valuation

  6%

  $8,175,660

  6.5%

  $7,546,760

  7%

  $7,007,700

• Comparable approach

  Method

  Valuation

  Relative Method

  $9,338,780

  Geo Method

  $9,338,780

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $14,581,800

  Retail / Commercial

  $7,531,500

  Mixed-Use / Specialty

  $7,547,240

  Hospitality / Lodging

  $5,592,620

  Institutional / Educational

  $7,861,310

  Residential Income

  $9,197,730

  Multifamily

  $10,795,200

  Automotive / Energy

  $6,738,260

  Parking / Income-Based Land

  $2,283,220

  Restaurant / Food Service

  $4,016,270

  Healthcare / Senior Housing

  $7,695,880

Location Insight

City

Long Beach

County

Los Angeles

State

California

Latitude

33.7883

Longitude

-118.124

CBSA code

31080

CBSA name

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

Property Tax & Assessments

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