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Property profile & analytics
OFF-MARKET
Turn key restaurants

1990 Pacific Ave Long Beach, CA 90806-5322

1,239 SF 0.15 ac lot Built 1956
Individually Owned 8-yr Hold Absentee Owner ~ Est. High Equity
Property ID
US10-0430404
Property summary
AI-generated overview

This exceptional 6,750 square foot commercial land parcel, located at 1990 Pacific Avenue in Long Beach, California (APN 7209-020-004), presents a compelling investment opportunity. Priced at $1,000,000, this property boasts a highly desirable location, strategically positioned between the 710 and 405 freeways, ensuring excellent accessibility and high visibility. The site benefits from an estimated 25,000 average annual daily traffic (AADT), maximizing exposure for any development. Zoned LBCNP, the property allows for a wide variety of uses, including potential for live/work units and professional services such as medical or dental offices. Its proximity to Long Beach Medical Center and St. Mary Medical Center further enhances its appeal. The site is also conveniently located near major transit, including numerous bus stops and the PCH light rail station, catering to diverse commuting options. This prime corner lot offers significant potential for development and represents an excellent opportunity for owner-users or investors seeking a high-traffic location in a thriving area of Long Beach. While a building of approximately 1,239 square feet currently exists on the property, it is 100% vacant, providing a blank canvas for redevelopment or repurposing. Prospective buyers are advised to conduct their own due diligence with city authorities to verify zoning details.

Property profile
Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 1956
Construction WOOD
Total area 1,239 SF
Lot 0.15 ac (6,750 SF)
Zoning code LBCNP
APN 7209-020-004
UPID US10-0430404
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
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
Henrico V Mungcal · 8 yrs held
Henrico V Mungcal
since 2018
4 recorded transactions
2018
$610,000
2018
Price N/A
2014
Price N/A
1991
$275,000
Zoning & alternative use
LBCNP · Long Beach, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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