400 Ocean BlvdLong Beach, CA 90802

Property Details for 400 Ocean Blvd

Year built

2007

Construction

CONCRETE

Lot size

0.77 AC

Property size (Sq ft)

1,930 SF

Zone code

LBPD6

Property type

Office properties

Property subtype

Office buildings

APN

7278-004-020

APU

7278004020

Description

This exceptional 1,386-square-foot executive office condominium is ideally situated at 400 W Ocean Blvd, Suite 1, in the heart of vibrant Downtown Long Beach, California. Located on the ground floor of a premier residential tower, this single-tenant space offers unparalleled convenience and access to a range of on-site amenities. The property boasts a total of 1,386 square feet of completely vacant, move-in ready office space, perfect for a business seeking a prestigious and functional location. The suite is situated in Los Angeles County, with the specific zip code being 90802. Five convenient parking spaces are included, ensuring ample parking for staff and clients. This ground-level office condominium presents a unique opportunity to establish a thriving business in a highly desirable area of Long Beach. The property's location within a premier residential tower offers a blend of professional and residential advantages, creating a dynamic and convenient work environment. The address is easily accessible and benefits from the energy and amenities of Downtown Long Beach. This is an exceptional opportunity for a business seeking a high-quality, well-located office space. The property is ready for immediate occupancy.

• CAP approach

  CAP return

  Valuation

  6%

  $458,045

  6.5%

  $422,811

  7%

  $392,610

• Comparable approach

  Method

  Valuation

  Relative Method

  $615,631

  Geo Method

  $615,631

• Alternative Use

  Use

  Valuation

  Residential

  $524,285

  Hospitality

  $480,243

  Educational

  $399,556

  Medical

  $413,298

  Retail

  $621,532

Location Insight

City

Long Beach

County

Los Angeles

State

California

Latitude

33.7667

Longitude

-118.197

CBSA code

31080

CBSA name

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

Property Tax & Assessments

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