12203 Long Bch Blvd, Lynwood, CA 90262-4832
- Retail space
- 3,182 SF
- 0.30 lot acres
Current Use by Public Records
- Veronica's Market / Grocery & Convenience Store / Food Market
Property Details for 12203 Long Bch Blvd
- Year built
- 1945
- Construction
- WOOD
- Lot size
- 0.30 lot acres
- Zone code
- LYC2A
- Property type
- Retail space
- APN
- 6168-021-027
- APU
- 6168021027
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| Feb 2, 2022 | — | Paramjit Singh | Paramjit Singh | Intrafamily Transfer · related | — |
| Mar 16, 2021 | $850,000 | Paramjit Singh | James T Ly | Grant Deed | $555k · Royal Business Bank |
| Mar 19, 1998 | — | James T Ly | Ly,l N | Quit Claim Deed · related | — |
| Mar 19, 1998 | $177,000 | Ly,james T | Noh,richard U | Trustees Deed | $159k · First Coastal Bank |
| Jul 21, 1995 | — | Richard U Noh | Noh,m | Quit Claim Deed · related | — |
| Oct 1, 1991 | $285,000 | Richard U Noh | Unknown | Grant Deed | — |
| — | — | Richard U Noh | — | Deed Of Trust · related | $60k · California Korea Bank |
Description
This exceptional owner-user opportunity presents a 3,182 square foot convenience store situated on a substantial 13,120 square foot lot in Lynwood, California. Located at 12203 Long Beach Boulevard, this Class C retail property boasts a highly visible street frontage with excellent signage and accessibility. The property includes gated parking, a significant advantage in a high-traffic area. The asking price is $1,295,000, translating to $406.98 per square foot. The property is zoned LYC2A and offers a 1.13% capitalization rate. This presents a unique chance to acquire a well-positioned business and land, comfortably located across from a reputable gas station. The substantial lot size and building square footage provide ample space for expansion or operational flexibility. This is an ideal investment for an owner-operator seeking a strong foothold in a busy commercial corridor. The modified lease structure offers flexibility for the owner-user. This prime location and the substantial lot size make this a rare opportunity in the competitive Lynwood market. The property's features, including gated parking and high visibility, contribute to its strong potential for continued success.
Value Estimations
-
AI approach
- Method
- Estimation
- Statistic approach
- $640,000
- ML approach
- $680,000
-
CAP approach
- CAP Return
- Estimation
- 6%
- $1,175,000
- 6.5%
- $1,085,000
- 7%
- $1,005,000
-
Comparable approach
- Method
- Estimation
- AI Estimate
- $597,000
Market price range: $223k - $621k -
Alternative Use
- Use
- Estimation
- RETAIL STORES
- $965,000 Current use
- WAREHOUSE, STORAGE
- $935,000 Change: -3% Conversion: Difficult
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Lynwood
- County
- Los Angeles
- State
- California
- Longitude
- -118.21
- Latitude
- 33.9167
- CBSA code
- 31080
- CBSA name
- LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA
