Property summary
This exceptional three-story, 49,852-square-foot office building presents a unique owner-user opportunity in the heart of Long Beach, CA. Located at 150 Long Beach Blvd, this Class B property boasts a prime location in Downtown Long Beach (DTLB), a highly walkable area with a Walk Score of 98. The building, constructed in 1981, features one building with ample parking: approximately 243 spaces in a four-level connected deck, directly accessible from the ground and third floors, offering excellent separation for multi-tenant occupancy. The ground floor offers approximately 18,186 square feet with vaulted ceilings. The building is elevator-served and fully sprinklered, with high deck-to-deck clearance on all floors. Its versatility makes it suitable for various uses, including medical, governmental, and retail. The property sits on a 1.15-acre lot (APN 7281-018-015) and benefits from its proximity to the Metro Blue Line's 1st Street Station, providing easy access to Downtown Los Angeles. Furthermore, Interstate 710 is two miles away, connecting to I-405 and the region's extensive freeway network. Long Beach International Airport is approximately seven miles away. The surrounding area is experiencing significant development, including approximately $3.5 billion in projects adding thousands of housing units and hotel rooms, further enhancing the property's value and potential. This is currently the only office building for sale in the South Bay area with this level of parking, capable of accommodating a 15,000-50,000 square foot occupier.
Property profile
VerifiedCap rate & NOI
Current use
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Bike Sharing Station
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Atm
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(Bike/Boat/Book/etc) Store
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Home Health Care Service
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Information Services
Location
Value estimations
Owner & transaction history
Zoning & alternative use
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
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from $99/month
Cap rate
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from $99/month
Price sensitivity
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Property tax & assessments
Tax year 2024Property description
Physical attributes from public recordsZoning & alternative use
LBPD30 · Long Beach, CAZoning
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Zoning designation
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The district profile from the municipal source: what is on file for LBPD30 in Long Beach, CA.
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