420 Grand AveLong Beach, CA 90814

Property Details for 420 Grand Ave

Year built

1954

Construction

TILT-UP CONCRETE

Lot size

0.20 AC

Property size (Sq ft)

7,156 SF

Zone code

LBR3T

Property type

Office buildings

APN

7255-016-014

APU

7255016014

Description

This exceptional 7,130-square-foot free-standing building in Long Beach's desirable Belmont Heights neighborhood presents a unique opportunity. Built in 2017, this Class A property offers three separate suites, ranging from 1,636 to 7,130 contiguous square feet, allowing for flexible leasing options. The entire building is currently vacant and available for lease. Ideal for coworking, traditional office, creative office, or executive office uses, the building boasts high-quality design elements including exposed ceilings, skylights for abundant natural light, wood accents, glass doors, and steel-framed windows. The property's zoning is commercial, located in Los Angeles County, and features a convenient address at 420 Grand Ave, Long Beach, CA 90814, with cross-street access via E 4th Street. The two-story building is comprised of three suites, and while it does not include elevators, its design and location make it an attractive option for a variety of businesses. Rear units benefit from private patio spaces, adding to the property's appeal. This versatile space offers live/work potential and is perfect for businesses seeking a modern and stylish environment in a vibrant Long Beach location. The minimum leasable space is 1,636 square feet, while the maximum contiguous space available is the entire 7,130 square feet.

• CAP approach

  CAP return

  Valuation

  6%

  $1,763,229

  6.5%

  $1,627,596

  7%

  $1,511,339

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,282,621

  Geo Method

  $2,282,621

• Alternative Use

  Use

  Valuation

  Residential

  $2,018,219

  Hospitality

  $1,848,678

  Educational

  $1,538,078

  Medical

  $1,590,975

  Retail

  $2,392,566

Location Insight

City

Long Beach

County

Los Angeles

State

California

Latitude

33.7721

Longitude

-118.148

CBSA code

31080

CBSA name

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

Property Tax & Assessments

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