1434 Broadway Long Beach, CA 90802
- Retail space
- 3,311 SF
- 0.08 lot acres
Current Use by Public Records
- Retail space
Property Details for 1434 Broadway
- Year built
- 1917
- Construction
- TILT-UP CONCRETE
- Lot size
- 0.08 lot acres
- Property size
- 3,311 SF
- Zone code
- LBR4R
- Property type
- Retail space
- APN
- 7265-012-035
- APU
- 7265012035
Description
This exceptional 3,311 square foot mixed-use property, located at 1434 E Broadway in Long Beach, California, presents a unique investment opportunity. Built in 1917, this single-story Class C building sits on a desirable corner lot in the heart of Alamitos Beach, at the signalized intersection of Broadway and Falcon. Currently vacant and ready for immediate occupancy, the property is zoned for a variety of uses, making it ideal for owner-users. The interior is currently in a mid-demolition phase, offering a blank canvas for customization. The asking price is $850,000, translating to $256.72 per square foot. Previous uses include a bar, creative office space, and restaurant, suggesting a versatile layout adaptable to various professional needs. The property's prime location in a thriving Long Beach neighborhood, combined with its flexible zoning and vacant status, makes it an attractive proposition for a wide range of businesses. This is a chance to acquire a value-add property with significant upside potential in a highly sought-after area of Los Angeles County (zip code 90802). The property's location on a busy corner offers excellent visibility and accessibility. Serious inquiries are encouraged.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $760,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $810,000
- 6.5%
- $870,000
- 7%
- $890,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $875,000
- Geo Method
- $915,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $735,000
- Retail
- $830,000
- Mixed-Use
- $760,000
- Hospitality
- $795,000
- Educational
- $935,000
- Residential Income
- $835,000
- Energy
- $710,000
- Income-Based Land
- $820,000
- Food Service
- $930,000
Location Insight
- Map
- Local Demand
- City
- Long Beach
- County
- Los Angeles
- State
- California
- Longitude
- -118.173
- Latitude
- 33.7678
- CBSA code
- 31080
- CBSA name
- LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA