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    1740 Willow St Long Beach, CA 90810

    Sponsored
    For Sale
    $1,250,000

    Long Beach retail center, value-add opportunity.

    Property size:
    3,018 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This prime Long Beach retail center, located at 1740 W Willow St, presents a compelling value-add investment opportunity. The property, situated on a 10,654 square foot lot, encompasses a 3,018 square foot building with a multi-tenant configuration. Currently operating at 50% occupancy, the center offers significant upside potential for an owner-user or investor. The property features a convenience store and storefront subtypes, with a gross lease structure. Built in 1999, the center is zoned LBCCA and benefits from high traffic counts due to its prominent Willow Street location and proximity (0.4 miles) to the 710 Freeway. The asking price is $1,250,000, translating to $414.18 per square foot and $126.70 per square foot for the land. The pro-forma net operating income (NOI) is $89,280, yielding a 7.14% pro-forma capitalization rate. The property's APN is 7402-004-001, 7402-004-002, and 7402-004-003. With three vacant units, this property offers a chance to increase occupancy and rental income. The presence of a neighboring Popeyes restaurant further enhances the property's desirability and potential for success. This is an exceptional opportunity to acquire a well-located retail center in a thriving Long Beach market.

    Property Features for 1740 Willow St

    General Information

    Property type
    Individual retail properties
    Square Feet
    3,018 SF

    Building Details

    Year Built
    1999

    HighLights

    • High visibility location with strong traffic counts.
    • Significant potential for property improvements and increased value.
    • Convenient access to the 710 Freeway, less than half a mile away.
    Property Profile Location Intelligence

    Current Use by Public Records

    X-Hale Smoke Shop Tobacco Shop

    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.

    Location Insight

    • Map
    • Local Demand
    City
    Long Beach
    County
    Los Angeles
    State
    California
    Longitude
    -118.21600170772
    Latitude
    33.804317199877

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    FAQs

    What type of property is this?
    Individual retail property - Long Beach retail center, value-add opportunity.
    Where is this individual retail property located?
    The property is located at 1740 Willow St Long Beach, CA.
    What is the asking price?
    The asking price for this property is $1,250,000.
    What are key features of this property?
    This property features: High visibility location with strong traffic counts.; Significant potential for property improvements and increased value.; Convenient access to the 710 Freeway, less than half a mile away.
    Request Owner's contact information
    1740 Willow St Long Beach, CA 90810
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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
    1740 Willow St Long Beach, CA 90810
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