1740 Willow St Long Beach, CA 90810
- Investment properties
- 1,020 SF
- 0.08 lot acres
Current Use by Public Records
- X-Hale Smoke Shop / Tobacco Shop
Property Details for 1740 Willow St
- Year built
- 1999
- Construction
- TILT-UP CONCRETE
- Lot size
- 0.08 lot acres
- Property size
- 1,020 SF
- Zone code
- LBCCA
- Property type
- Investment properties
- Property subtype
- Retail residential properties
- APN
- 7402-004-001
- APU
- 7402004001
Description
This prime Long Beach retail center, located at 1740 W Willow St, presents a compelling value-add investment opportunity. The property, situated on a 10,654 square foot lot, encompasses a 3,018 square foot building with a multi-tenant configuration. Currently operating at 50% occupancy, the center offers significant upside potential for an owner-user or investor. The property features a convenience store and storefront subtypes, with a gross lease structure. Built in 1999, the center is zoned LBCCA and benefits from high traffic counts due to its prominent Willow Street location and proximity (0.4 miles) to the 710 Freeway. The asking price is $1,250,000, translating to $414.18 per square foot and $126.70 per square foot for the land. The pro-forma net operating income (NOI) is $89,280, yielding a 7.14% pro-forma capitalization rate. The property's APN is 7402-004-001, 7402-004-002, and 7402-004-003. With three vacant units, this property offers a chance to increase occupancy and rental income. The presence of a neighboring Popeyes restaurant further enhances the property's desirability and potential for success. This is an exceptional opportunity to acquire a well-located retail center in a thriving Long Beach market.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $780,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $970,000
- 6.5%
- $920,000
- 7%
- $905,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $1,000,000
- Geo Method
- $1,045,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $920,000
- Retail
- $815,000
- Mixed-Use
- $800,000
- Hospitality
- $925,000
- Educational
- $945,000
- Residential Income
- $960,000
- Energy
- $1,025,000
- Income-Based Land
- $940,000
- Food Service
- $1,115,000
Location Insight
- Map
- Local Demand
- City
- Long Beach
- County
- Los Angeles
- State
- California
- Longitude
- -118.216
- Latitude
- 33.8041
- CBSA code
- 31080
- CBSA name
- LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA
