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    1429 Cherry Ave Long Beach, CA 90813

    For Sale
    $1,056,000

    Commercial Sale - Long Beach, CA

    Property size:
    3,536 SF
    Days on Market:
    83
    Last Refresh:
    Dec 14 at 1:06 am

    Property Features for 1429 Cherry Ave

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    APN
    7261017027
    Size
    3,536 SF

    Utilities

    Cooling system
    Central Air

    Building Details

    Year built
    1962
    Architectural style
    Other

    Century 21 Discovery (714) 626-2000 [email protected]

    Listing agent Jigar Shah (714) 626-2000 License #01116918

    Listing date Sep 23, 2025

    MLS# PW25223960 Listing URL

    Copyright © 2025 California Regional Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Long Beach Retail Opportunity

    This is a freestanding building currently operating as a Beer, Wine, and Groceries store. The property has a modified gross lease with over 4 years remaining, and includes 3 or more extension options of 5 years each. Located in Long Beach, CA 90813, the property is situated in Los Angeles County. The building has a size of 3536 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Meat Market Carnes ... Butcher Shop Cherry’s Market Grocery Store

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon Food Market Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    Grocery Outlet, Dong Mai Market, Riverside Supermarket, Super Bargain Mart, Northgate Market

    Location Insight

    • Map
    • Local Demand
    City
    Long Beach
    County
    Los Angeles
    State
    California
    Longitude
    -118.1679508
    Latitude
    33.7850676

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    FAQs

    What type of property is this?
    Grocery and convenience store - Freestanding building with modified gross lease and extension options.
    Where is this grocery and convenience store located?
    The property is located at 1429 Cherry Ave Long Beach, CA.
    What is the asking price?
    The asking price for this property is $1,056,000.
    What are key features of this property?
    This property features: - Successful Beer, Wine, and Groceries business currently operating.; - Freestanding building.; - Modified Gross Lease in place.
    (714) 626-2000
    Request Owner's contact information
    1429 Cherry Ave Long Beach, CA 90813
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    Long Beach, CA 90813
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1429 Cherry Ave Long Beach, CA 90813
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