Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    421 Pacific Ave Long Beach, CA 90802-2341
    Back to Search
    Property profile & analytics

    421 Pacific Ave, Long Beach, CA 90802-2341

    View on Map
    • Grocery and convenience stores
    • 19,222 SF
    • 0.52 lot acres
    Off-Market
    Property ID
    US09-6307477
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    $2,365,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by 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

    Property Details for 421 Pacific Ave

    Year built
    1964
    Construction
    TILT-UP CONCRETE
    Lot size
    0.52 lot acres
    Zone code
    LBPD30
    Property type
    Grocery and convenience stores
    APN
    7280-010-015
    APU
    7280010015

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Jul 25, 2024 — Valu Properties LLC — Deed · related $3.5M · SR Capital INC
    Dec 20, 2007 — Khaledi Real Estate Associates 2003 Investure Associates LLC Grant Deed —
    Dec 20, 2007 $1,838,000 Valu Properties LLC Khaledi R/e Assocs 2003 LLC Grant Deed —
    Mar 24, 2004 — Khaledi Real Estate Associates K V Property Co Grant Deed · related —
    May 16, 2000 — K V Mart Co — Deed Of Trust · related $7M · Unified Western Grocers INC
    Jun 7, 1996 — Darioush Khaledi — Deed Of Trust · related $2.1M · Grocers Capital Co
    Dec 15, 1989 $500,000 Darioush Khaledi Property Dev Ass Grant Deed —
    Mar 8, 1989 $225,500 Dev Ass Property Risque Hen Realt Grant Deed —
    — — K V Properties Co — Deed Of Trust · related $1.2M · Ncb Capital Corp
    — — Darioush Khaledi — Deed Of Trust · related $500k · Sumitomo Bank
    — — K V Mart Co — Deed Of Trust · related $5M · Grocers Capital Co
    — — Darioush Khaledi — Deed Of Trust · related $527k · Union Bank

    Description

    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.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $2,565,000
      Market price range: $2.57M - $8.52M
      AI Estimate
      $1,506,000
      Market price range: $1.39M - $6.20M

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Long Beach
    County
    Los Angeles
    State
    California
    Longitude
    -118.194
    Latitude
    33.772
    CBSA code
    31080
    CBSA name
    LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $34,779
    $1,362,804
    $430,918
    $1,793,722
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $20,975,000
      50,188 SF

      600 Broadway

      GROCERY, SUPERMARKET
      600 Broadway, Long Beach, CA 90802-5124
      View Details
    • Value Estimation
      $20,015,000
      59,179 SF

      450 Long Bch Blvd

      GROCERY, SUPERMARKET
      450 Long Bch Blvd, Long Beach, CA 90802-2436
      View Details
    • Value Estimation by Request
      0.06 Acres

      Long Beach, CA 90802

      FINANCIAL BUILDING
      Long Beach, CA 90802
      View Details
    • Value Estimation
      $5,445,000
      46,100 SF

      433 Pne Ave

      RETAIL STORES (PERSONAL SERVICES)
      433 Pne Ave, Long Beach, CA 90802-2349
      View Details
    • Value Estimation
      $845,000
      24,000 SF

      345 Pne Ave

      GYM, HEALTH SPA
      345 Pne Ave, Long Beach, CA 90802-2327
      View Details
    • Value Estimation by Request
      306 SF

      360 Ocean Blvd, Unit S3

      RETAIL STORES (PERSONAL SERVICES)
      360 Ocean Blvd, Long Beach, CA 90802-4600
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      10,000 SF

      Two-Story Retail Building For Sale

      Two-story retail building, ideal for owner-user flagship location.
      129-131 W 5Th St, Long Beach, CA 90802
      View Details
    • $5,950,000
      28,368 SF

      The Loft Building: Long Beach Gem

      Downtown Long Beach mixed-use building, redevelopment opportunity.
      130 Pine Ave, Long Beach, CA 90802
      View Details
    • $3,800,000

      Long Beach NNN Investment Opportunity

      Long-term absolute NNN ground lease in a dense retail corridor.
      631 Long Beach Blvd, Long Beach, CA 90802
      View Details
    • $1,599,990
      Pending

      Downtown Long Beach Retail Property

      Two-unit commercial property in Downtown Long Beach with long-term tenants.
      351 Pacific Ave, Long Beach, CA 90802
      View Details
    • Contact for pricing
      3,311 SF

      Retail Building on Broadway Corner

      Stand-alone retail building suitable for owner-user, medical, or office.
      1434 E Broadway, Long Beach, CA 90802
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      950 SF

      Retail Space on Broadway

      Retail space available for lease on Broadway in Long Beach.
      501-509 E Broadway, Long Beach, CA 90802
      View Details
    • $27 SF/Yr
      12,500 SF

      Downtown Long Beach Retail Space

      Retail space in prime downtown Long Beach location for rent.
      Long Pt, Long Beach, CA 90802
      View Details
    • Contact for pricing
      4,785 SF

      Retail Space on Pine Avenue

      Retail space available for rent in Long Beach, CA.
      500-590 Pine Ave, Long Beach, CA 90802
      View Details
    • Contact for pricing
      223 SF

      Retail Space on Ocean Boulevard

      Ground floor retail space available for rent.
      800 E Ocean Blvd, Long Beach, CA 90802
      View Details
    • Contact for pricing
      10,433 SF

      Retail Space in Long Beach

      Retail space available for lease in Long Beach, CA.
      95 S Pine Ave, Long Beach, CA 90802
      View Details
    • Contact for pricing
      13,800 SF

      Retail/Medical Space with Drive-Thru

      13,800 SF building on 1.51 acre corner lot.
      600 Long Beach Blvd, Long Beach, CA 90802
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    421 Pacific Ave
    Long Beach, CA 90802-2341
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    421 Pacific Ave, Long Beach, CA, 90802
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!