550-558 E Wardlow Rd - Medical FOR SALE


Long Beach, CA 90807- Bixby Knolls
$2,125,000 USD
818-458-6430
550-558 E Wardlow Rd, Long Beach, CA for Sale
$2,125,000 USD
Medical - FOR SALE
1/16
null | Request Cap Rate

550-558 E Wardlow Rd
Long Beach, CA 90807
Bixby Knolls


HIGHLIGHTS

  • New roof membrane applied in 2020.
  • Located in the Bixby Knolls submarket with strong connectivity to 405 and 710 freeways.
  • Four-suite configuration with a mix of long-term leases and vacancy for immediate occupancy.
  • Zoned LBCCA, permitting a variety of retail and service uses for future flexibility.
  • Ample on-site parking with 26 spaces and 24-hour access amenities.
  • Situated within minutes of Long Beach Airport and major Southern California thoroughfares.

OVERVIEW

This medical office property in the Bixby Knolls submarket offers a rare opportunity for investors or owner-users seeking a well-located asset in Long Beach. The building spans approximately 5,996 square feet and sits on a 0.41-acre parcel, providing ample surface parking with 26 spaces. Zoned LBCCA, the site supports a range of retail and service uses, enhancing its long-term adaptability. The property features four suites, two of which are secured by long-term leases, one on a month-to-month basis, and one currently vacant, offering immediate upside potential. Recent improvements include a new roof membrane applied in 2020, reducing near-term capital expenditure requirements. Positioned near the 405 and 710 freeways, the location ensures excellent regional connectivity and convenient access to surrounding business districts. The property’s proximity to major transportation corridors and the vibrant Bixby Knolls neighborhood makes it an attractive choice for medical professionals and investors seeking stability and growth in a dynamic market. Priced by sales comparable approach. 4 Suites Total: 2 long term leases, 1 MTM, 1 vacancy.

FOR SALE DETAILS

PRICE

$2,125,000 USD

PRICE/SF

$354 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Bixby Knolls Dental

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

C

YEAR BUILT

1964

SPRINKLERS

-

PARKING SPACES

26

LAND DETAILS

LAND ACRES

0.41 AC

LAND SF

17,681 SF

ZONING

LBCCA

APN/PARCEL ID

7148-013-028

ASK ABOUT THIS PROPERTY

Eric ReuveniLos Angeles Commercial Real Estate GroupMore Info
818-458-6430

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Eric ReuveniLos Angeles Commercial Real Estate GroupMore Info
818-458-6430

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