3498 7th St, Long Beach, CA 90804-5136
- Commercial kitchens
- 1,210 SF
- 0.14 lot acres
Current Use by Public Records
- Pizza Hut / Take-out & Catering
Property Details for 3498 7th St
- Year built
- 1967
- Construction
- WOOD
- Lot size
- 0.14 lot acres
- Zone code
- LBCCP
- Property type
- Commercial kitchens
- Property subtype
- Commercial kitchens
- APN
- 7258-026-030
- APU
- 7258026030
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| Dec 27, 2024 | $1,425,000 | Julia Irizarry Orama Serrano | Long Beach 26 LLC | Grant Deed | — |
| May 3, 2021 | — | Long Beach 26 LLC | Long Beach 26 LLC | Intrafamily Transfer · related | $440k · First Republic Bank |
| May 9, 2014 | $1,075,000 | Long Beach 26 LLC | Well Do It Live LLC | Grant Deed | — |
| Sep 29, 2009 | $690,000 | Well Do It Live LLC | Southern Ca Pizza Co LLC | Grant Deed | — |
| Oct 28, 2008 | $673,500 | Southern California Pizza Co LLC | Pizza Hut INC | Corporation Deed | $29.3M · Newstar Financial INC |
Description
This exceptional 1,210-square-foot restaurant property presents a unique owner-user or investment opportunity in Long Beach, California. Situated on a prominent 0.14-acre lot (6,067 square feet) at 3498 E 7th St., this former Pizza Hut enjoys a high-traffic location on a major thoroughfare, boasting over 36,000 vehicles daily. The building benefits from a hard corner location with dual access points, ample (20 space) private parking, and excellent signage potential. Its strategic placement near a Smart & Final grocery store, Woodrow Wilson High School, and popular Long Beach destinations like 4th Street's Retro Row, Belmont Shore, and California State University, Long Beach, ensures high visibility and accessibility. Built in 1967, this single-story building features a fully equipped kitchen, including a grease trap, restrooms, kitchen hood, ample power, a three-compartment sink, cleaning station, walk-in cooler, and floor drains. The property is zoned LBCCP and has an APN of 7258-026-030. This turnkey operation is ideal for a variety of food service concepts, offering both owner-occupiers and investors a compelling opportunity to capitalize on a prime Long Beach location. The cross street is Redondo Ave.
Value Estimations
-
AI approach
- Method
- Estimation
- Statistic approach
- $985,000
- ML approach
- $920,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $1,193,000
Market price range: $311k - $1.19M -
Alternative Use
- Use
- Estimation
- RESTAURANT
- $755,000 Current use
- MEDICAL BUILDING
- $825,000 Change: +10% Conversion: Difficult
- NEIGHBORHOOD: SHOPPING CENTER
- $715,000 Change: -5% Conversion: Difficult
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Location Insight
- Map
- Local Demand
- City
- Long Beach
- County
- Los Angeles
- State
- California
- Longitude
- -118.152
- Latitude
- 33.7751
- CBSA code
- 31080
- CBSA name
- LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA
