750 Long Beach BlvdLong Beach, CA 90813

Property Details for 750 Long Beach Blvd

Year built

1926

Construction

TILT-UP CONCRETE

Lot size

0.21 AC

Property size (Sq ft)

9,100 SF

Zone code

LBPD29

Property type

Retail space

APN

7273-020-004

APU

7273020004

Description

This exceptional 12,100 square foot retail property, located at 750 Long Beach Blvd in Downtown Long Beach, CA 90813, presents a compelling owner-user or investment opportunity. The two-story building, constructed in 1923 and renovated in 2005, sits on a 9,093 square foot lot (APN 7273-020-004) and is currently vacant. The ground floor offers approximately 9,100 square feet of retail space, complemented by a mezzanine level ideal for office, storage, or creative uses. Zoned PD30, this property offers significant development potential, allowing for high-density residential, mixed-use, or commercial projects. Its prime location boasts a Walk Score of 97, ensuring high visibility and accessibility. The property benefits from its proximity to the Metro Blue Line station and numerous attractions, including The Pike Outlets, Shoreline Village, and the Aquarium of the Pacific. Long Beach's robust economy, driven by the Port of Long Beach, healthcare, education, and tourism, further enhances the investment potential. This fee simple ownership offers a rare chance to capitalize on the ongoing revitalization of Downtown Long Beach and its thriving urban environment. The asking price is $2,300,000.

• CAP approach

  CAP return

  Valuation

  6%

  $3,174,750

  6.5%

  $2,930,538

  7%

  $2,721,214

• Comparable approach

  Method

  Valuation

  Relative Method

  $7,314,850

  Geo Method

  $7,314,850

• Alternative Use

  Use

  Valuation

  Residential

  $2,472,019

  Hospitality

  $2,264,356

  Educational

  $1,883,918

  Medical

  $1,948,708

  Retail

  $2,930,538

Location Insight

City

Long Beach

County

Los Angeles

State

California

Latitude

33.7762

Longitude

-118.189

CBSA code

31080

CBSA name

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

Property Tax & Assessments

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