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    2635 South St Long Beach, CA 90805

    For Sale
    $7,300,000

    Long Beach industrial investment, strong tenant.

    Property size:
    3,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This fee-simple industrial property in Long Beach, CA, offers a compelling investment opportunity. The 3,000 square-foot flex space is 100% occupied by United Rentals under a triple-net (NNN) lease with a corporate guarantee, providing a passive income stream for the owner. The lease has approximately 3.5 years remaining, with three 5-year renewal options, ensuring long-term stability. Annual rent increases of 2.5% are built into the lease, providing inflation protection and growing net operating income (NOI). The property boasts a 6.91% cap rate and a current NOI of $504,300, with an asking price of $7,300,000. Situated on a 1.73-acre lot at a signalized intersection with high traffic counts (56,400 vehicles daily), the property benefits from excellent visibility and convenient access to State Highway 91 (277,000 vehicles per day). The location is further enhanced by proximity to Lakewood Center Mall and numerous other national retailers. The property includes 118 parking spaces and was built in 1976. The permitted zoning is IG (Industrial), and the property's APN is 7119-019-008 & 7119-019-009. The strong demographics of the area, with an average household income exceeding $105,000 within a 5-mile radius, further support the investment potential.

    Property Features for 2635 South St

    General Information

    Property type
    Flex space
    Square Feet
    3,000 SF
    Lot Size
    75,359 SF

    Building Details

    Year Built
    1976

    HighLights

    • 4.5+ years remaining lease term with built‑in rental increases and extension options.
    • Triple‑net (NNN) lease, fee‑simple ownership, minimal landlord responsibilities.
    • Excellent location near Lakewood Center Mall, high‑traffic signalized intersection on State Highway 91 (277,000 VPD).
    • Strong demographics with average household incomes exceeding $105,000 within a 5‑mile radius.
    Property Profile Location Intelligence

    Current Use by Public Records

    United Rentals Trailer Rental Service

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

    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
    -118.1603585
    Latitude
    33.8605527

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    FAQs

    What type of property is this?
    Flex space - Long Beach industrial investment, strong tenant.
    Where is this flex space located?
    The property is located at 2635 South St Long Beach, CA.
    What is the asking price?
    The asking price for this property is $7,300,000.
    What are key features of this property?
    This property features: 4.5+ years remaining lease term with built-in rental increases and extension options.; Triple-net (NNN) lease, fee-simple ownership, minimal landlord responsibilities.; Excellent location near Lakewood Center Mall, high-traffic signalized intersection on State Highway 91 (277,000 VPD).
    Request Owner's contact information
    2635 South St Long Beach, CA 90805
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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
    2635 South St Long Beach, CA 90805
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