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    Property profile & analytics
    OFF-MARKET Estimated value $1,360,000
    Office buildings

    420 Grand Ave, Long Beach, CA 90814-1643

    7,156 SF 0.2 ac lot Built 1954
    Entity Owned 9-yr Hold Absentee Owner Free & Clear
    Property ID
    US09-6760476
    Property summary
    AI-generated overview

    This exceptional 7,130-square-foot free-standing building in Long Beach's desirable Belmont Heights neighborhood presents a unique opportunity. Built in 2017, this Class A property offers three separate suites, ranging from 1,636 to 7,130 contiguous square feet, allowing for flexible leasing options. The entire building is currently vacant and available for lease. Ideal for coworking, traditional office, creative office, or executive office uses, the building boasts high-quality design elements including exposed ceilings, skylights for abundant natural light, wood accents, glass doors, and steel-framed windows. The property's zoning is commercial, located in Los Angeles County, and features a convenient address at 420 Grand Ave, Long Beach, CA 90814, with cross-street access via E 4th Street. The two-story building is comprised of three suites, and while it does not include elevators, its design and location make it an attractive option for a variety of businesses. Rear units benefit from private patio spaces, adding to the property's appeal. This versatile space offers live/work potential and is perfect for businesses seeking a modern and stylish environment in a vibrant Long Beach location. The minimum leasable space is 1,636 square feet, while the maximum contiguous space available is the entire 7,130 square feet.

    Property profile
    Verified
    Property type Office buildings
    Use group OFFICE BUILDING
    Year built 1954
    Construction TILT-UP CONCRETE
    Total area 7,156 SF
    Lot 0.2 ac (8,703 SF)
    Zoning code LBR3T
    APN 7255-016-014
    UPID US09-6760476
    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
    • Add-Black Marketing & Advertising (Bike/Boat/Book/etc) Store
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    $1.65M
    Blend (final) Blend
    $1.36M
    Owner & transaction history
    Gumm Capital LLC · 9 yrs held
    Gumm Capital LLC
    since 2017
    7 recorded transactions
    2017
    2015
    $799,000
    2002
    $665,000
    2002
    2002
    1998
    1969
    Zoning & alternative use
    LBR3T · Long Beach, CA
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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