1470-1472 Cota Ave - Warehouse FOR SALE


Long Beach, CA 90813- Westside Long Beach
$2,600,000 USD
626-827-3802
1470-1472 Cota Ave, Long Beach, CA for Sale
$2,600,000 USD
Warehouse - FOR SALE
1/18
null | 5.5% Cap Rate

NEW


1470-1472 Cota Ave
Long Beach, CA 90813
Westside Long Beach


HIGHLIGHTS

  • ±10,000 SF Total Building Area
  • Income-Producing with Stable Tenants
  • Spray Booth Installed with City Permits
  • Additional ±2,000 SF of Structure with RTI Plans fully approved in 2021
  • Potential Lot Split into Two APNs - Central Long Beach Location with Easy Access to I-710 & Port of Long Beach -
  • Cannabis-Eligible with Prior Approvals

OVERVIEW

?? For Sale: Dual Industrial Warehouses in Prime Long Beach Green Zone 1470 & 1472 Cota Ave, Long Beach, CA 90813 ±10,000 SF Total | Cannabis-Eligible | Approved RTI Plans | Income-Producing An exceptional opportunity to acquire two well-maintained industrial warehouse buildings totaling approximately 10,000 SF on a single lot in the heart of Long Beach’s thriving Green Zone. ?? Property Overview: Two freestanding warehouses: ±4,000 SF each (Total ±8,000 SF) Additional ±2,000 SF of non-conforming breezeway space (existing structure) Located on a single parcel with potential to subdivide into two APNs Secure, gated lot with ample access and functionality ?? Current Tenancy & Income: Fully leased to stable, long-term tenants One tenant recently added a fully permitted spray paint booth, increasing the property's utility and long-term value Immediate in-place income makes this ideal for both investors and 1031 exchange buyers ?? Development / Value-Add Potential: in 2023 we had RTI-approved plans to legalize the ±2,000 SF breezeway, allowing for full utilization of the structure (pending buyer confirmation with city) Ownership had initiated the legalization process but opted to sell due to partnership dissolution Potential to separate into two legal parcels for future resale or flexible leasing scenarios ?? Cannabis-Related Upside: Property lies within Long Beach’s designated Green Zone Previously approved for a cannabis cultivation operation in 2021 with full entitlements and plans (available upon request) Ideal for operators or investors seeking to re-activate or modify the entitlements ?? Contact us today to schedule a private tour or request additional documentation (RTI plans, cannabis approvals, tenant info). This is a rare value-add industrial opportunity in a high-demand area with multiple exit strategies.

FOR SALE DETAILS

PRICE

$2,600,000 USD

PRICE/SF

$325 USD /SF

CAP RATE

5.5%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Warehouse

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1946

UTILITIES

-

CLEAR CEILING HT

16 Ft

DOCKS

-

DRIVE INS

2

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.3

LAND SF

13,014

ZONING

LBIG

APN/PARCEL ID

7432-005-067

ASK ABOUT THIS PROPERTY

Geoffrey GhanemR.S.D.D.More Info
626-827-3802

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Geoffrey GhanemR.S.D.D.More Info
626-827-3802

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.