3000 Pacific Coast HwyLong Beach, CA 90804

Property Details for 3000 Pacific Coast Hwy

Year built

1968

Construction

WOOD

Lot size

0.26 AC

Property size (Sq ft)

315 SF

Zone code

LBCH

Property type

Retail properties

Property subtype

Other automotive properties

APN

7259-032-022

APU

7259032022

Description

This exceptional investment opportunity presents a 550 sq ft auto shop on a 0.26-acre lot at a signalized hard corner intersection on Pacific Coast Highway (PCH) in Long Beach, CA (APN: 7259032022). The property boasts a strong NOI of $124,800 and a 5.50% cap rate, with an asking price of $2,269,000 ($218/sq ft land value). Located in a high-traffic area with over 55,000 vehicles passing daily, this single-tenant NNN lease property benefits from its irreplaceable urban infill location and flexible commercial zoning, allowing for diverse uses. The property enjoys excellent access to major freeways (405, 710, 605, and 22), Long Beach International Airport, and public transportation. The surrounding area features a robust demographic profile, with over 486,000 residents, 181,000 households, and 197,000 employees within a 5-mile radius, boasting an average household income exceeding $103,000. This prime coastal California location offers exceptional visibility and accessibility, making it a highly desirable investment opportunity. The property's location near Downtown Long Beach, which attracted over 25 million visitors in 2023, further underscores the area's economic vibrancy. Proximity to three major airports within a 20-mile radius (LAX, LGB, SNA) and convenient access to the 405 freeway, 710 freeway, Metro A Line stops, and Long Beach Transit buses enhance connectivity.

• CAP approach

  CAP return

  Valuation

  6%

  $114,095

  6.5%

  $105,318

  7%

  $97,796

• Comparable approach

  Method

  Valuation

  Relative Method

  $253,206

  Geo Method

  $253,206

• Alternative Use

  Use

  Valuation

  Residential

  $88,840

  Hospitality

  $81,377

  Educational

  $67,705

  Medical

  $70,033

  Retail

  $105,318

Location Insight

City

Long Beach

County

Los Angeles

State

California

Latitude

33.7896

Longitude

-118.156

CBSA code

31080

CBSA name

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

Property Tax & Assessments

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