Property summary
This exceptional investment opportunity presents a fee-simple ownership (land and building) of an 8,808-square-foot medical office building in Long Beach, CA. The property, built in 1968 and fully renovated in 2024, is currently 100% occupied by Stitches Vet Surgery under a new 10.5-year Absolute NNN lease commencing August 23, 2024, with two 5-year renewal options. The lease includes attractive 3% annual rent bumps, providing inflation protection and increasing net operating income (NOI) of $365,532. The asking price is $6,357,000, representing a 5.75% cap rate and a price per square foot of $721.73. The 0.49-acre lot boasts 39 parking spaces and is strategically located on N. Bellflower Boulevard (35,000 vehicles per day), with convenient access to Interstate-405 (300,000 vehicles per day). Its prime location across from the high-traffic Los Altos Shopping Center (anchored by Target and Trader Joe's, with over 6.1 million annual visits) ensures significant visibility and exposure. The property benefits from proximity to major amenities, including Walmart, Sam's Club, Costco, Home Depot, Whole Foods, Amazon Fresh, Sprouts, California State Long Beach (39,000+ students), and Long Beach Airport (3.7 million+ annual passengers). The surrounding 5-mile trade area boasts a population exceeding 538,400 residents and 241,200 employees, with an average household income of $127,561. The property's permitted zoning is CCA: Commercial, and its APN is 7223-029-038. This is a truly exceptional, management-free investment opportunity with significant upside potential.
Property profile
VerifiedCap rate & NOI
Current use
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Electrical Engineer
Value estimations
Owner & transaction history
Zoning & alternative use
Comparables
6 recent transactions · within 1.5 miComparable in this City
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Value estimation
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Cap rate
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Price sensitivity
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Property tax & assessments
Tax year 2024Property description
Physical attributes from public recordsZoning & alternative use
LBCCA · Long Beach, CAZoning
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Zoning designation
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