5225 2nd St Long Beach, CA 90803-5326
- Investment properties
- 4,300 SF
- 0.10 lot acres
Current Use by Public Records
- Grunion Gazette / Newspaper & Magazine / Television Studio
Property Details for 5225 2nd St
- Year built
- 1948
- Construction
- WOOD
- Lot size
- 0.10 lot acres
- Property size
- 4,300 SF
- Zone code
- LBCNP
- Property type
- Investment properties
- Property subtype
- Retail residential properties
- APN
- 7249-026-023
- APU
- 7249026023
Description
This exceptional, stabilized retail storefront investment opportunity in Long Beach, CA's coveted Belmont Shore offers a compelling combination of strong tenancy, irreplaceable location, and significant upside potential. The property, encompassing 4,320 square feet across two addresses (5225-5227 E 2nd St), sits on a 0.1-acre lot at a signalized intersection, maximizing visibility and foot traffic. Built in 1948, the single-building property boasts 100% occupancy with a long-term, recently extended (10-year) NNN lease in place, featuring corporate and personal guarantees. The tenant, Catalyst, has occupied the space since 2016, demonstrating a strong commitment to the location. Further enhancing the investment's appeal is an income-generating rooftop billboard leased to Clear Channel Outdoor, Inc. since 1999. The property's location within Belmont Shore, a mature and fully built-out coastal submarket, ensures its irreplaceable nature. With an asking price of $6,000,000, a net operating income (NOI) of $388,802, and a cap rate of 6.48%, this asset presents a rare opportunity to acquire a high-performing retail property in a highly desirable coastal California market. The affluent demographics, with over 24,000 residents within a one-mile radius and an average household income exceeding $158,000, further solidify the investment's long-term prospects. This is a truly exceptional opportunity for discerning investors seeking a stable, high-performing asset in a prime coastal location.
Value Estimations
-
CAP approach
- CAP Return
- Estimation
- 6%
- $1,250,000
- 6.5%
- $1,155,000
- 7%
- $1,070,000
-
Alternative Use
- Use
- Estimation
- COMMERCIAL (GENERAL)
- $1,030,000 Current use
- AUTO REPAIR, GARAGE
- $1,360,000 Change: +32% Conversion: Difficult
- RETAIL STORES
- $1,210,000 Change: +17% Conversion: Easy
- WAREHOUSE, STORAGE
- $1,195,000 Change: +16% Conversion: Difficult
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Location Insight
- Map
- Local Demand
- City
- Long Beach
- County
- Los Angeles
- State
- California
- Longitude
- -118.134
- Latitude
- 33.7603
- CBSA code
- 31080
- CBSA name
- LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA
