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    1990 Pacific Ave Long Beach, CA 90806

    For Sale
    $1,000,000

    6,750 SF Commercial Lot, $1M

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional 6,750 square foot commercial land parcel, located at 1990 Pacific Avenue in Long Beach, California (APN 7209-020-004), presents a compelling investment opportunity. Priced at $1,000,000, this property boasts a highly desirable location, strategically positioned between the 710 and 405 freeways, ensuring excellent accessibility and high visibility. The site benefits from an estimated 25,000 average annual daily traffic (AADT), maximizing exposure for any development. Zoned LBCNP, the property allows for a wide variety of uses, including potential for live/work units and professional services such as medical or dental offices. Its proximity to Long Beach Medical Center and St. Mary Medical Center further enhances its appeal. The site is also conveniently located near major transit, including numerous bus stops and the PCH light rail station, catering to diverse commuting options. This prime corner lot offers significant potential for development and represents an excellent opportunity for owner-users or investors seeking a high-traffic location in a thriving area of Long Beach. While a building of approximately 1,239 square feet currently exists on the property, it is 100% vacant, providing a blank canvas for redevelopment or repurposing. Prospective buyers are advised to conduct their own due diligence with city authorities to verify zoning details.

    Property Features for 1990 Pacific Ave

    General Information

    Property type
    Land

    HighLights

    • $1,000,000 asking price for 6,750 SF of commercial land.
    • LBCNP zoning allows for a wide variety of uses.
    • Excellent location between the 710 and 405 freeways, with high visibility and approximately 25,000 AADT.
    • Near Long Beach Medical Center and St. Mary Medical Center, and major transit.
    • APN: 7209‑020‑004, located at 1990 Pacific Ave, Long Beach, CA 90806.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    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
    -118.19353204096
    Latitude
    33.793511053437

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    FAQs

    What type of property is this?
    Land - 6,750 SF Commercial Lot, $1M
    Where is this land located?
    The property is located at 1990 Pacific Ave Long Beach, CA.
    What is the asking price?
    The asking price for this property is $1,000,000.
    What are key features of this property?
    This property features: $1,000,000 asking price for 6,750 SF of commercial land.; LBCNP zoning allows for a wide variety of uses.; Excellent location between the 710 and 405 freeways, with high visibility and approximately 25,000 AADT.
    (213) 627-1214
    Request Owner's contact information
    1990 Pacific Ave Long Beach, CA 90806
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    Long Beach, CA 90806
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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
    1990 Pacific Ave Long Beach, CA 90806
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