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Property profile

1434 E Broadway Long Beach, CA 90802

Retail space
Property ID
US10-0428193
View Sample
3,311 SF 0.08 ac lot Built 1917
Entity Owned 4-yr Hold ~ Est. High Equity

Property summary

AI-generated overview

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.

Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1917
Construction TILT-UP CONCRETE
Total area 3,311 SF
Lot 0.08 ac (3,316 SF)
Zoning code LBR4R
APN 7265-012-035
UPID US10-0428193

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$840k
CAP Approach CAP
$840k
Comparable Approach Comparable
$787k
Blend (final) Blend
$760k

Owner & transaction history

since 2022
Last sale
$900,009
7 recorded transactions
2022
$900,000
2018
$625,000
2018
Price N/A
2017
$650,000
2016
Price N/A
2016
Price N/A
2015
Price N/A

Zoning & alternative use

LBR4R · Long Beach, CA
Top alternative use upside
Office building $1.2M +26.0%
Auto repair, garage $1.0M +12.6%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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