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Property profile & analytics
OFF-MARKET Estimated value $2,365,000
Grocery and convenience stores

421 Pacific Ave Long Beach, CA 90802-2341

19,222 SF 0.52 ac lot Built 1964
Entity Owned 18-yr Hold Absentee Owner ~ Est. High Equity
Property ID
US09-6307477
Property summary
AI-generated overview

This exceptional 51,668 square foot commercial land parcel, located at 421 Pacific Avenue in the heart of Downtown Long Beach, California (zip code 90802), presents a unique redevelopment opportunity. Situated in Los Angeles County, this property boasts a strategic location within walking distance of popular city attractions. The lot is zoned LBPD30, permitting high-density residential or mixed-use development, offering significant potential for a variety of projects. The existing structure, approximately 23,000 square feet of retail space, could be incorporated into a larger development plan or removed to maximize the buildable area. This substantial land holding provides developers with a rare chance to create a landmark project in a thriving urban environment. The property's prime location and flexible zoning make it an ideal investment for those seeking to capitalize on the growing demand for residential and mixed-use developments in Downtown Long Beach. Detailed site plans and zoning information are available upon request. This is a truly exceptional opportunity to acquire a significant piece of Long Beach real estate.

Property profile
Verified
Property type Grocery and convenience stores
Use group GROCERY, SUPERMARKET
Year built 1964
Construction TILT-UP CONCRETE
Total area 19,222 SF
Lot 0.52 ac (22,504 SF)
Zoning code LBPD30
APN 7280-010-015
UPID US09-6307477
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
  • numero uno market Grocery & Convenience Store Food Market
  • Coinstar Kiosk Bank Credit Union
  • Numero Uno Department Store Discount Store
  • Coin Cloud Bitcoin ATM Atm Currency Exchange Service
  • Top Valu Market Grocery & Convenience Store Food Market
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$2.57M
Blend (final) Blend
$2.37M
Owner & transaction history
Khaledi Real Estate Associates 2003 · 18 yrs held
Khaledi Real Estate Associates 2003
since 2007
7 recorded transactions
2024
Price N/A
2007
Price N/A
2007
$1.8M
2004
Price N/A
2000
Price N/A
1996
Price N/A
1989
$500,000
Zoning & alternative use
LBPD30 · Long Beach, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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