Property profile

150 Long Beach Blvd Long Beach, CA 90802

FOR SALE
Office buildings
Property ID
US09-9306754
49,436 SF 1.15 ac lot Built 1981
Trust Owned 7-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

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

Verified
Property type Office buildings
Use group OFFICE BUILDING (MULTI-STORY)
Year built 1981
Construction STEEL FRAME
Total area 49,436 SF
Lot 1.15 ac (50,087 SF)
Zoning code LBPD30
APN 7281-018-015
UPID US09-9306754

Cap rate & NOI

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

Current use

Occupant on record · Public records
  • Bike Sharing Station
  • Atm
  • (Bike/Boat/Book/etc) Store
  • Home Health Care Service
  • Information Services

Location

150 Long Beach Blvd Long Beach, CA 90802
Long Beach metro Census 576001 LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$11.70M

Owner & transaction history

since 2019
6 recorded transactions
2019
Price N/A
2017
Price N/A
2014
Price N/A
2014
$880,000
2013
$4.2M
2012
$2.3M

Zoning & alternative use

LBPD30 · Long Beach, CA

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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