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Property profile & analytics
OFF-MARKET Estimated value $785,000
Retail space

12203 Long Bch Blvd Lynwood, CA 90262-4832

3,182 SF 0.3 ac lot Built 1945
Individually Owned 4-yr Hold Absentee Owner Free & Clear
Property ID
US09-8872504
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1945
Construction WOOD
Total area 3,182 SF
Lot 0.3 ac (13,122 SF)
Zoning code LYC2A
APN 6168-021-027
UPID US09-8872504
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Veronica's Market Grocery & Convenience Store Food Market
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$680k
CAP Approach CAP
$1.09M
Comparable Approach Comparable
$597k
Blend (final) Blend
$785k
Owner & transaction history
Paramjit Singh · 4 yrs held
Paramjit Singh
since 2022
Last sale
$850,000
7 recorded transactions
2022
Price N/A
2021
$850,000
1998
Price N/A
1998
$177,000
1995
Price N/A
1991
$285,000
1969
Price N/A
Zoning & alternative use
LYC2A · Lynwood, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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