421 Pacific AveLong Beach, CA 90802
- Retail properties
- 19,222 SF
Property Details for 421 Pacific Ave
- Year built
- 1964
- Construction
- TILT-UP CONCRETE
- Lot size
- 0.52 AC
- Property size (Sq ft)
- 19,222 SF
- Zone code
- LBPD30
- Property type
- Retail properties
- Property subtype
- Grocery and convenience stores
- APN
- 7280-010-015
- APU
- 7280010015
Description
This exceptional 51,668 square foot commercial land parcel, located at 421 Pacific Avenue in the heart of Downtown Long Beach, California (zip code 90802), presents a unique redevelopment opportunity. Situated in Los Angeles County, this property boasts a strategic location within walking distance of popular city attractions. The lot is zoned LBPD30, permitting high-density residential or mixed-use development, offering significant potential for a variety of projects. The existing structure, approximately 23,000 square feet of retail space, could be incorporated into a larger development plan or removed to maximize the buildable area. This substantial land holding provides developers with a rare chance to create a landmark project in a thriving urban environment. The property's prime location and flexible zoning make it an ideal investment for those seeking to capitalize on the growing demand for residential and mixed-use developments in Downtown Long Beach. Detailed site plans and zoning information are available upon request. This is a truly exceptional opportunity to acquire a significant piece of Long Beach real estate.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $6,706,049
- 6.5%
- $6,190,200
- 7%
- $5,748,042
-
Comparable approach
- Method
- Valuation
- Relative Method
- $15,451,213
- Geo Method
- $15,451,213
-
Alternative Use
- Use
- Valuation
- Residential
- $5,221,664
- Hospitality
- $4,783,017
- Educational
- $3,979,414
- Medical
- $4,116,272
- Retail
- $6,190,200
Location Insight
- City
- Long Beach
- County
- Los Angeles
- State
- California
- Latitude
- 33.772
- Longitude
- -118.194
- CBSA code
- 31080
- CBSA name
- LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
FAQs
- How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
- Please email our support team at [email protected] and they will add the team member.
- How do I access a private listing?
- Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
- How can I contact the broker?
- We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
- How do I unsubscribe from emails?
- At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].