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    1241 Artesia Blvd Long Beach, CA 90805

    Sponsored
    For Sale
    $2,100,000

    High-traffic retail, owner/user opportunity.

    Property size:
    5,126 SF

    Description

    Added:
    Feb 13, 2025
    Days on Market:
    328
    This 5,126 square-foot retail property, located at 1241 E Artesia Blvd in Long Beach, California, presents a compelling investment opportunity. Built in 1979 and extensively renovated in 2015, the single-story building sits on a 0.31-acre lot and is zoned CL. Currently operating as a convenience store, grocery store, and pharmacy, the property offers a turnkey operation with the potential for continued growth. The established tenant, Artesia Discount, provides a stable income stream, with the option to acquire the business alongside the real estate. The property benefits from a high-visibility location on Artesia Boulevard, enjoying significant foot and vehicle traffic. Its strategic proximity to Compton College, Gateway Towne Center, and Crystal Casino, coupled with its adjacency to national retailers and residential areas, ensures a robust consumer base. Excellent access to major freeways (I-710, I-91, and I-105) further enhances its appeal. The property's strong location within a revitalizing area presents a value-add opportunity, allowing for potential rental income enhancement or repurposing for a higher and better use. This fee-simple ownership offers a rare chance to capitalize on the continued economic development and market growth in the region. The asking price is $2,100,000, translating to $409.68 per square foot.

    Property Features for 1241 Artesia Blvd

    General Information

    Property type
    Individual retail properties
    Square Feet
    5,126 SF
    Lot Size
    13,504 SF

    Building Details

    Year Built/Renovated
    1979/2015
    Buildings
    1
    Stories
    1

    HighLights

    • High‑visibility location on Artesia Blvd with strong foot and vehicle traffic.
    • Turnkey investment; renovated in 2015, minimizing capital improvements needed.
    • Established tenant (Artesia Discount); option to acquire the business.
    • Strong consumer base near Compton College, Gateway Towne Center, and Crystal Casino.
    • Value‑add potential for increased rental income or repurposing.
    • Excellent accessibility to I‑710, I‑91, and I‑105 freeways.
    Property Profile Location Intelligence

    Current Use by Public Records

    Drug stores

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Long Beach
    County
    Los Angeles
    State
    California
    Longitude
    -118.2072858267
    Latitude
    33.87432015587

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    FAQs

    What type of property is this?
    Individual retail property - High-traffic retail, owner/user opportunity.
    Where is this individual retail property located?
    The property is located at 1241 Artesia Blvd Long Beach, CA.
    What is the asking price?
    The asking price for this property is $2,100,000.
    What are key features of this property?
    This property features: High-visibility location on Artesia Blvd with strong foot and vehicle traffic.; Turnkey investment; renovated in 2015, minimizing capital improvements needed.; Established tenant (Artesia Discount); option to acquire the business.
    Request Owner's contact information
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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
    1241 Artesia Blvd Long Beach, CA 90805
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