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Property profile & analytics
OFF-MARKET Estimated value $1,090,000
Medical Office Space

3111 Long Bch Blvd Long Beach, CA 90807-5015

8,382 SF 0.67 ac lot Built 2002
Entity Owned 8-yr Hold Absentee Owner ~ Est. High Equity
Property ID
US09-7744328
Property summary
AI-generated overview

This exceptional investment opportunity presents a single-tenant, 100% occupied medical office building in Long Beach, California. The property, a 2002-built, one-story structure situated on a 0.67-acre lot at 3111 Long Beach Blvd, 90807, houses a DaVita Dialysis Center, one of the largest in Long Beach. The building features 28 dialysis stations operating six days a week, from 3:30 AM to 10:30 PM, demonstrating strong operational performance and high demand. The property benefits from an absolute NNN lease structure with below-market rent, providing a stable and predictable income stream. With a 5.00% cap rate and a Net Operating Income (NOI) of $303,408, this investment offers significant potential for long-term growth. The strategic location, just one mile from MemorialCare Long Beach Medical Center and with easy access to Interstate-405 (292,500 vehicles per day), further enhances its value. The asking price is $6,068,000. This DaVita center boasts a 20+ year operating history, solidifying its position as a key provider of renal care in a densely populated Southern California area. The property represents a rare opportunity to acquire a high-performing, long-term investment with a stable tenant and significant upside potential.

Property profile
Verified
Property type Medical Office Space
Use group MEDICAL BUILDING
Year built 2002
Construction TILT-UP CONCRETE
Total area 8,382 SF
Lot 0.67 ac (29,088 SF)
Zoning code LBPD29
APN 7204-010-055
UPID US09-7744328
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
Current use
Occupant on record · Public records
  • DaVita United Dialysis Center Medical Clinic
  • Dr. Kevin Pham, MD Physician
  • Dr. Arvind J. Mehta, MD Physician Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.07M
Blend (final) Blend
$1.09M
Owner & transaction history
Thomas Longbeach LLC · 8 yrs held
Thomas Longbeach LLC
since 2017
7 recorded transactions
2018
Price N/A
2018
Price N/A
2018
Price N/A
2017
$3.9M
2003
Price N/A
2003
Price N/A
2002
Price N/A
Zoning & alternative use
LBPD29 · Long Beach, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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