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Financial
Distress signals
Property profile

240 Pne Ave Long Beach, CA 90802

OFF-MARKET
Retail space
Property ID
US09-6234435
25,780 SF 0.49 ac lot Built 1930
Last sale May 2009 · $3,500,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 2-yr Hold Held for 2 years. Absentee Owner Owner mailing address differs from the property address. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

This ±12,000 square foot street-front retail property is ideally situated in the heart of Downtown Long Beach, CA, at 240 Pine Avenue, between 3rd and 4th Streets. The single-tenant space boasts an open floor plan with high ceilings, convenient restrooms located in the rear, and a large open area suitable for storage. A built-out office space is available on the second-floor mezzanine. This commercially zoned property benefits from its proximity to two large city-owned parking lots on…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2024

What does the county charge?
$92k
Tax billed · 2024
Assessed value$5.58M
Assessed land$3.76M
Assessed improvement$1.82M
Effective rate1.65%

Value estimate

· Oct 2026
$3.43M
$3.09M – $3.77M
AI approach$3.50M
Submarket $/SF estimate$4.69M

Realmo valuation models over county records and 11 qualifying comparable sales.

Recently sold

What actually traded nearby?
$281/SF
Submarket average, outlier-cleaned · 215 recorded sales of this use type
Observed band · Q1–Q3$133 – $443
Qualifying comparables11

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

What can be built here?
LBPD30
JurisdictionLOS ANGELES

Location intelligence

Which uses thrive at this corner?
Best fit: Carpet & Flooring Store
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Carpet & Flooring Store10.6
Daycare Center9.2
Tanning Salon8.2

Location

240 Pne Ave Long Beach, CA 90802-3042
County assessor Recorded deeds · 18 transfers 11 qualifying comp sales Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 16 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
600 Broadway, Long Beach, CA 90802-5124 $26,850,000 May 2025 50,188 SF
340 4th, Long Beach, CA 90802-2403 $285,000 Jul 2024 6,968 SF
600 Long Bch, Long Beach, CA 90802-1321 $7,600,076 Mar 2022 13,800 SF
530 4th, Long Beach, CA 90802-2501 $2,600,026 Dec 2021 8,000 SF
555 Pne, Long Beach, CA 90802-2304 $48,900,489 Mar 2019 8,150 SF
627 Magnolia, Long Beach, CA 90802-1289 $3,250,032 Dec 2018 8,788 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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