3226 BroadwayLong Beach, CA 90803

Property Details for 3226 Broadway

Year built

1947

Construction

WOOD

Lot size

0.23 AC

Property size (Sq ft)

14,220 SF

Zone code

LBR3S

Property type

Investment properties

Property subtype

Live-work space

APN

7264-003-024

APU

7264003024

Description

This exceptional Long Beach commercial property, located at 3226 E Broadway, offers a unique blend of traditional and creative office space. The single-tenant building, totaling 14,220 square feet, sits on a 0.23-acre lot and boasts a newly improved interior. Constructed in 1947, this two-story building is zoned LBR3S (APN 7264-003-024) and features excellent street visibility and access, making it an ideal location for a variety of businesses. The property includes a recently renovated 665 square foot suite on the first floor (Suite 3226), featuring new lighting, paint, and an AC unit installed in 2023. This suite also includes one restroom (non-ADA compliant) and benefits from convenient street parking. The building's location near Coronado Ave in the 90803 zip code provides easy access to major transportation routes and local amenities. The current lease is a modified gross lease with a monthly rent of $2,500. The entire building is currently occupied. This is a rare opportunity to acquire a well-maintained, centrally located commercial property in a thriving Long Beach market.

• CAP approach

  CAP return

  Valuation

  6%

  $3,503,789

  6.5%

  $3,234,267

  7%

  $3,003,248

• Comparable approach

  Method

  Valuation

  Relative Method

  $4,535,896

  Geo Method

  $4,535,896

• Alternative Use

  Use

  Valuation

  Residential

  $4,010,491

  Hospitality

  $3,673,588

  Educational

  $3,056,382

  Medical

  $3,161,496

  Retail

  $4,754,372

Location Insight

City

Long Beach

County

Los Angeles

State

California

Latitude

33.7642

Longitude

-118.154

CBSA code

31080

CBSA name

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

Property Tax & Assessments

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