1501 Hughes Way Long Beach, CA 90810
Property profile & analytics
1501 Hughes Way Long Beach, CA 90810
- Office buildings
- 79,332 SF
- 0.90 lot acres
Property ID
US09-7996723
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Clearwater Management Services / Consultant
- Eric Bonilla, BA / Physician
- Ericka Evans / Foster Care Service / Social Service Agency
- Kathy Saucedo / Counselor
- Jilly Becerra / Counselor / Marriage Or Relationship Counselor
Property Details for 1501 Hughes Way
- Year built
- 1982
- Construction
- CONCRETE
- Lot size
- 0.90 lot acres
- Property size
- 79,332 SF
- Zone code
- LBPD26
- Property type
- Office buildings
- APN
- 7310-016-082
- APU
- 7310016082
Description
This exceptional Class A, four-story executive office building in Long Beach, California, presents a compelling investment opportunity. Located at 1501 Hughes Way, 90810, this property boasts 78,404 square feet of office space across ten units, currently operating at 62% occupancy with a gross lease structure and one-year lease terms. The building, constructed in 1984 and renovated the same year, sits on a 1.845-acre lot and includes 50 parking spaces. The asking price is $16,100,000, representing a price per square foot of $205.35 and a land value of $229.58 per square foot. The property features a 0.90% cap rate and a net operating income (NOI) of $145,462. The permitted zoning is LBPPD2. The property's strategic location offers easy access to major freeways, including the Century (105) and San Gabriel (605) freeways, and proximity to the Ports of Los Angeles and Long Beach. This multi-tenant building presents a unique opportunity for investors seeking a well-located, established office property in a thriving market. The property consists of two APNs: 7310016082 and 7310016081. A new cooling tower has recently been installed.
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
- Method
- Estimation
- Statistic approach
- $15,840,000
- ML approach
- $9,905,000
-
Alternative Use
- Use
- Estimation
- AUTO REPAIR, GARAGE
- $25,095,000
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Long Beach
- County
- Los Angeles
- State
- California
- Longitude
- -118.213
- Latitude
- 33.829
- CBSA code
- 31080
- CBSA name
- LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2024
$139,307
$2,483,226
$7,651,309
$10,134,535
-
$0.00
$0.00
$0.00
