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    5764-5780 2Nd St Long Beach, CA 90803

    Sponsored
    For Sale
    $5,417,000

    Long Beach, CA retail investment opportunity.

    Property size:
    13,159 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This exceptional mixed-use property, located at 5764 & 5780 E. 2nd Street in Long Beach, California's desirable Belmont Shore neighborhood, presents a compelling value-add investment opportunity. The 13,159 square foot building, constructed in 1960, sits on a 0.23-acre lot and features three stories. The property is zoned CNP - Neighborhood Pedestrian-Oriented Commercial and includes eight parking spaces. Currently operating at 40% occupancy, the property offers significant upside potential. The ground floor comprises two retail units

    Property Features for 5764-5780 2Nd St

    General Information

    Property type
    Individual retail properties
    Square Feet
    13,159 SF
    Lot Size
    10,019 SF

    Building Details

    Year Built
    1960
    Stories
    3

    HighLights

    • Significant upside potential through repositioning, tenant replacement, and improved tenant mix.
    • Owner‑user opportunity with potential for full or partial occupancy.
    • Substantial NOI growth projected upon stabilization.
    • Seller financing available; contact broker for details.
    Property Profile Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Food Market Grocery Store

    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
    -118.12132652344
    Latitude
    33.756538382975

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    FAQs

    What type of property is this?
    Individual retail property - Long Beach, CA retail investment opportunity.
    Where is this individual retail property located?
    The property is located at 5764-5780 2Nd St Long Beach, CA.
    What is the asking price?
    The asking price for this property is $5,417,000.
    What are key features of this property?
    This property features: Significant upside potential through repositioning, tenant replacement, and improved tenant mix.; Owner-user opportunity with potential for full or partial occupancy.; Substantial NOI growth projected upon stabilization.
    Request Owner's contact information
    5764-5780 2Nd St Long Beach, CA 90803
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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
    5764-5780 2Nd St Long Beach, CA 90803
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