456 Elm AveLong Beach, CA 90802

Property Details for 456 Elm Ave

Year built

1942

Construction

TILT-UP CONCRETE

Lot size

0.17 AC

Property size (Sq ft)

25,129 SF

Zone code

LBPD30

Property type

Office properties

Property subtype

Office buildings

APN

7281-007-042

APU

7281007042

Description

This exceptional Long Beach, California retail opportunity, located at 456 Elm Ave, 90802, presents two available spaces within the Partake Collective. The Partake Collective is a unique concept designed to optimize restaurant operations, minimizing overhead while maximizing profitability through both takeout and dine-in services. Situated in Los Angeles County, this property offers a total of 25,000 square feet of building space. The available suites range in size from 200 square feet to 750 square feet, providing flexibility for various culinary businesses. The property's classification as a retail space with subtypes including ghost kitchen, commercial kitchen, and prep kitchen, makes it ideal for food-related ventures seeking a cost-effective and efficient operational model. The multiple tenancy structure allows for a diverse and vibrant culinary community. This location in Long Beach offers excellent access to a large customer base and presents a compelling investment opportunity for food entrepreneurs. The property is conveniently located at 33.77277021596154 latitude and -118.18765897933464 longitude. This is a rare chance to establish a presence in a thriving culinary hub with built-in infrastructure and support.

• CAP approach

  CAP return

  Valuation

  6%

  $5,963,840

  6.5%

  $5,505,084

  7%

  $5,111,864

• Comparable approach

  Method

  Valuation

  Relative Method

  $8,015,648

  Geo Method

  $8,015,648

• Alternative Use

  Use

  Valuation

  Residential

  $6,826,304

  Hospitality

  $6,252,858

  Educational

  $5,202,304

  Medical

  $5,381,220

  Retail

  $8,092,473

Location Insight

City

Long Beach

County

Los Angeles

State

California

Latitude

33.7727

Longitude

-118.187

CBSA code

31080

CBSA name

LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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