727-743 Pine Ave - Storefront FOR SALE


Long Beach, CA 90813- Downtown Long Beach
$3,495,000 USD
310-488-1789
727-743 Pine Ave, Long Beach, CA for Sale
$3,495,000 USD
Storefront - FOR SALE
1/15
null | 7.2% Cap Rate

727-743 Pine Ave
Long Beach, CA 90813
Downtown Long Beach


HIGHLIGHTS

  • Immediate Lease Up Opportunity: 2 vacant retail suites are move-in ready, providing immediate leasing potential without tenant relocation or downtime
  • Below Market Rent: Existing rents are substantially below market levels, allowing new owner to capture significant rental growth through new leasing
  • Turnkey Repositioning Opportunity: Month-to-month tenancy provides flexibility to curate an optimal tenant mix and establish a long-term NNN retail
  • Pro forma rental rates are positioned at the lower end of comparable Pine Avenue lease transactions, supporting an achievable leasing strategy
  • Located in Downtown Long Beach's $10B+ redevelopment corridor, benefiting from thousands of new residential units & 2028 Olympic-related investment
  • 106' of highly visible frontage along Downtown Long Beach's primary retail corridor, offering exceptional exposure and pedestrian traffic

OVERVIEW

The Bungalow Building is a rare value-add retail investment located along the premier Pine Avenue corridor in Downtown Long Beach. The property consists of a 13,600 SF multi-tenant retail building situated on a 15,817 SF PD-30 zoned lot, offering investors immediate cash flow upside through lease-up and long-term redevelopment potential. It is currently offered at $257/SF with a projected 7.20% stabilized cap rate.

FOR SALE DETAILS

PRICE

$3,495,000 USD

PRICE/SF

$257 USD /SF

CAP RATE

7.2%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Bungalow Building

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

ADD'L SUBTYPES

Convenience Store, Storefront Retail/Office, Department Store

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1922

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.36 AC

LAND SF

15,817 SF

ZONING

PD30

APN/PARCEL ID

7273-023-007

ASK ABOUT THIS PROPERTY

Tom WatkinsCentennial AdvisersMore Info
310-488-1789

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Tom WatkinsCentennial AdvisersMore Info
310-488-1789

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