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Property profile

1941 Atlantic Ave Long Beach, CA 90806

OFF-MARKET
Retail space
Property ID
US09-6712135
View Sample
2,620 SF 0.06 ac lot Built 1953
Individually Owned 2-yr Hold Absentee Owner ~ Est. High Equity

Property summary

AI-generated overview

This exceptional 2,620-square-foot retail space, situated on a 2,700-square-foot lot in Long Beach, California, presents a unique investment opportunity. Located on Atlantic Avenue, just north of the Pacific Coast Highway, this single-tenant property benefits from high visibility and significant foot traffic. Previously operating as a market, the building boasts two large walk-in refrigeration units, a versatile open layout ideal for various retail uses, a convenient office space at the front, and a restroom at the rear. The zoning designation is RMU4. The property is situated in Los Angeles County and offers easy access to a diverse mix of surrounding businesses, including retail, office, residential, and service establishments. This freestanding building provides ample space and excellent potential for a variety of retail ventures. The property is available for both lease and sale, making it an attractive option for both investors and business owners seeking a well-located, established retail space. Its strategic location and existing infrastructure make it a ready-to-occupy space with significant upside potential. The property's size and layout offer flexibility for customization to suit specific business needs.

Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1953
Construction TILT-UP CONCRETE
Total area 2,620 SF
Lot 0.06 ac (2,700 SF)
Zoning code LBPD25
APN 7209-004-028
UPID US09-6712135

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
  • Grocery & Convenience Store Food Market

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$350k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$345k

Owner & transaction history

since 2023
Last sale
$326,000
7 recorded transactions
2023
Price N/A
2022
Price N/A
2005
$326,000
2005
Price N/A
1997
Price N/A
1997
$38,000
1997
$20,500

Zoning & alternative use

LBPD25 · 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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