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    FOR SALE
    Office buildings

    150 Long Beach Blvd, Long Beach, CA 90802

    49,436 SF 1.15 ac lot Built 1981
    Trust Owned 7-yr Hold ~ Est. High Equity
    Property ID
    US09-9306754
    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
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Long Beach Bike Share Station Bike Sharing Station
    • Bank of America ATM Atm
    • Vip Fashion Vault (Bike/Boat/Book/etc) Store
    • Exceptional Home Care Home Health Care Service
    • Sting Technologies Inc. Information Services
    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
    Sandler,gertrude E Trust · 7 yrs held
    Sandler,gertrude E Trust
    since 2019
    6 recorded transactions
    2019
    2017
    2014
    2014
    $880,000
    2013
    $4.2M
    2012
    $2.3M
    Zoning & alternative use
    LBPD30 · Long Beach, CA
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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