Retail Space in Historic
714 Pine Avenue, Long Beach, CA 90813
For Sale
$2,899,000
Commercial Sale, Long Beach, CA
Property Size7,000 SF
Lot Size0.36 Acres
Price / SF$414.14
Days on Market911
Property Features for 714 Pine Avenue
General Information
Property type
Property subtype
Directions
Subdivision
Standard status
APN
Lot size
Utilities
Cooling system
Building Details
Year built
Listing Agency:
First Team Real Estate North Tustin
(949) 988-3000
Listed By:
Daniel DeForest · License CA #02003121
(714) 362-7192
Added: May 14, 2024
Changed: Nov 10
Last Checked: Nov 10 at 10:06AM
MLS# PW24103035
Copyright © 2026 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.
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This retail property at 714 Pine Avenue contains 7,000 square feet of building area on a 15,755-square-foot lot. Built in 1940, the building has central air conditioning and is zoned LBPD29.
Key Highlights
- 7,000 square feet of building area
- 15,755‑square‑foot lot
- LBPD29 zoning
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$99,534
Cap Rate
3.43%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,990,680
$2.0M
Cap Rate 7%
$1,421,914
$1.4M
Cap Rate 9%
$1,105,933
$1.1M
Market Conditions
NOI Build-Up for 7,000 SF
Gross rent
$153.7K $21.96/SF
− Vacancy
−$11.5K −$1.65/SF
EGI
$142.2K $20.31/SF
− OpEx
−$42.7K −$6.09/SF
NOI
$99.5K $14.22/SF
Area
ZIP 90813
Vacancy
7.50%
Lease Rate
$21.96 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,990,680
Cap Rate 7%
$1,421,914
Cap Rate 9%
$1,105,933
Alternative Uses
Best Use
Retail
$1.42M
$1.24M – $1.66M
NOI $99,534 @ 7.0% cap · market cap 3.43%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$2.30M
$2.01M – $2.68M
NOI $160,894 @ 7.0% cap · market cap 5.55%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
5,256
Businesses Nearby
269k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 49%
Groceries 29%
Shops & Services 20%
Electronics 1%
Superior Grocers
Groceries
38,748 visits/mo
0.3 miles
El Super
Groceries
38,294 visits/mo
0.4 miles
Starbucks
Dining
19,105 visits/mo
0.3 miles
Carl's Jr.
Dining
18,755 visits/mo
0.2 miles
Chase Bank
Shops & Services
18,629 visits/mo
0.3 miles
Demographics for 90813, CA
54,565
Population
18,603
Households
2.9
Avg Household Size
32
Median Age
16%
College-Educated
63%
High-School Grad
3.1 sq mi
ZIP Area
17,602
Density / Sq Mi
$50,302
Median Household Income
$31,450
Median Earnings
$1,578
Median Rent
$543,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Retail space in Long Beach, CA
Properties on Market for Retail space in Long Beach
Vacancy Rate% for Retail in West region
Frequently Asked Questions
What type of property is this?
Retail space - Central air serves the 1940-built property, which carries LBPD29 zoning.
Where is this retail space located?
The property is located at 714 Pine Avenue Long Beach, CA.
What is the asking price?
The asking price for this property is $2,899,000.
What are key features of this property?
This property features: 7,000 square feet of building area; 15,755‑square‑foot lot; LBPD29 zoning
