1429 Cherry Long Beach, CA 90813

Building Details

Year built

1962

Listing agency Century 21 Discovery i***@c21discovery.com Show Phone

Listed by Jigar Shah · License #01116918 Show Phone

Added: Sep 22, 2025 Updated: Jul 7 at 8:56PM Checked: Jul 21 at 7:06AM

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MLS# PW25223960

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Investment Insights

Based on property information with market context.

This freestanding building is set up for a beer, wine, and grocery store, with the current business owner operating the premises. The property is under a modified gross lease in place for more than four years, with three or more extensions of five years each documented in the remarks. The current rent is stated as $6,090, and the listing notes rent increases annually.

The asset is located at 1429 Cherry in Long Beach, California 90813, in Los Angeles County. The listing is offered for sale, and the provided details focus on the existing operating setup and the lease structure rather than on new tenant improvements or unit configuration.

For buyers, the strongest supported consideration is the income framework tied to the ongoing operation and the stated modified gross lease with multiple long-term extensions. For prospective tenants or operators, the property’s merchandising mix is clear from the current use as a beer, wine, and grocery store, which may align with businesses seeking a freestanding format designed around convenience-oriented retail.

Key Highlights

• Year built 1962 freestanding commercial building
• Central air cooling
• Beer, wine and groceries store operated by the business owner

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FAQs

What type of property is this?

Grocery and convenience store - Freestanding storefront in Long Beach currently operating a beer, wine, and grocery business on a modified gross lease.

Where is this grocery and convenience store located?

The property is located at 1429 Cherry 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: Year built 1962 freestanding commercial building; Central air cooling; Beer, wine and groceries store operated by the business owner