1505 Pacific Coast Hwy Long Beach, CA 90810-4227
- Car washes
- 1,470 SF
- 0.13 lot acres
Current Use by Public Records
- Car washes
Property Details for 1505 Pacific Coast Hwy
- Year built
- 1988
- Lot size
- 0.13 lot acres
- Property size
- 1,470 SF
- Zone code
- LBCHW
- Property type
- Car washes
- APN
- 7431-035-013
- APU
- 7431035013
Description
This exceptional investment opportunity presents two newly renovated car wash businesses, including the real estate, strategically located in high-traffic areas of Long Beach and Bellflower, California. The Long Beach location, situated on a 0.13-acre lot at 1505 West Pacific Coast Highway, boasts a prime coastal position with LBCHW zoning, offering versatility for future use. A key feature is its high-clearance truck bay, catering to the area's substantial truck traffic. This established business benefits from excellent visibility and accessibility, ensuring consistent revenue generation and potential for expansion or redevelopment. The second property, located at 9352 Park Street in Bellflower, is situated on a corner lot in a high-traffic area near the 91 Freeway, attracting a stable clientele from the surrounding community. Both properties are single-story buildings, part of a portfolio offering stable and consistent income with significant value-add potential. The properties were renovated in 2024 and are classified as Class B. This is a rare opportunity to acquire a stabilized, value-add investment with real estate included in the sale. The portfolio consists of two buildings, offering a diversified investment opportunity in a thriving Southern California market.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $435,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $465,000
- 6.5%
- $520,000
- 7%
- $470,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $445,000
- Geo Method
- $445,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $445,000
- Retail
- $465,000
- Mixed-Use
- $495,000
- Hospitality
- $425,000
- Educational
- $525,000
- Residential Income
- $430,000
- Energy
- $430,000
- Income-Based Land
- $480,000
- Food Service
- $415,000
Location Insight
- Map
- Local Demand
- City
- Long Beach
- County
- Los Angeles
- State
- California
- Longitude
- -118.212
- Latitude
- 33.7901
- CBSA code
- 31080
- CBSA name
- LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA
