3111 Long Beach BlvdLong Beach, CA 90807

Property Details for 3111 Long Beach Blvd

Year built

2002

Construction

TILT-UP CONCRETE

Lot size

0.67 AC

Property size (Sq ft)

8,382 SF

Zone code

LBPD29

Property type

Healthcare properties

Property subtype

Medical offices

APN

7204-010-055

APU

7204010055

Description

This exceptional investment opportunity presents a single-tenant, 100% occupied medical office building in Long Beach, California. The property, a 2002-built, one-story structure situated on a 0.67-acre lot at 3111 Long Beach Blvd, 90807, houses a DaVita Dialysis Center, one of the largest in Long Beach. The building features 28 dialysis stations operating six days a week, from 3:30 AM to 10:30 PM, demonstrating strong operational performance and high demand. The property benefits from an absolute NNN lease structure with below-market rent, providing a stable and predictable income stream. With a 5.00% cap rate and a Net Operating Income (NOI) of $303,408, this investment offers significant potential for long-term growth. The strategic location, just one mile from MemorialCare Long Beach Medical Center and with easy access to Interstate-405 (292,500 vehicles per day), further enhances its value. The asking price is $6,068,000. This DaVita center boasts a 20+ year operating history, solidifying its position as a key provider of renal care in a densely populated Southern California area. The property represents a rare opportunity to acquire a high-performing, long-term investment with a stable tenant and significant upside potential.

• CAP approach

  CAP return

  Valuation

  6%

  $2,065,314

  6.5%

  $1,906,443

  7%

  $1,770,269

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,673,690

  Geo Method

  $2,673,690

• Alternative Use

  Use

  Valuation

  Residential

  $2,363,990

  Hospitality

  $2,165,402

  Educational

  $1,801,589

  Medical

  $1,863,548

  Retail

  $2,802,472

Location Insight

City

Long Beach

County

Los Angeles

State

California

Latitude

33.8138

Longitude

-118.19

CBSA code

31080

CBSA name

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

Property Tax & Assessments

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