631 Long Beach Blvd Long Beach, CA 90802
Property Lookup
Property profile & analytics
631 Long Beach Blvd Long Beach, CA 90802
- Commercial kitchens
- 2,516 SF
- 0.54 lot acres
Property ID
US09-9181252
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.
Location Intelligence
Current Use by Public Records
- El Pollo Loco / Restaurant
- The Frenzy / Building Supply / Construction Company
Property Details for 631 Long Beach Blvd
- Year built
- 2002
- Construction
- WOOD
- Lot size
- 0.54 lot acres
- Property size
- 2,516 SF
- Zone code
- LBPD30
- Property type
- Commercial kitchens
- Property subtype
- Commercial kitchens
- APN
- 7273-026-022
- APU
- 7273026022
Description
This exceptional investment opportunity presents a 2,515 sq ft El Pollo Loco restaurant on a 23,847 sq ft lot in Long Beach, CA. The property boasts a strong corporate guarantee, a remaining lease term of 2.1 years (expiring 12/14/2026), and built-in rent bumps of 15% every 5 years. The current NOI is $98,035, with a pro-forma NOI of $120,605, yielding a 2.58% cap rate and a pro-forma cap rate of 3.45%. The property features 25 parking spaces and is situated on a high-traffic section of Long Beach Boulevard, benefiting from excellent visibility and accessibility. Built in 2001 and renovated in 2022, the single-story building is zoned LB PD30, allowing for potential high-density residential development. The asking price is $3,495,000, representing $1,389.66 per square foot and $161.79 per square foot for land value. This fee-simple ownership, ground-leased property is ideal for a 1031 exchange and offers a passive income stream with minimal landlord responsibilities. The property's location near major freeways and employment centers, along with its proximity to other national brands, further enhances its investment appeal. The tenant, El Pollo Loco, has demonstrated a long-term commitment to the location, having exercised a lease option in 2021. This presents a compelling opportunity for investors seeking a stable, high-growth potential investment in a prime Los Angeles County location.
Value Estimations
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CAP approach
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Alternative Use
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Location Insight
- Map
- Local Demand
- City
- Long Beach
- County
- Los Angeles
- State
- California
- Longitude
- -118.19
- Latitude
- 33.7748
- 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
$34,576
$1,205,804
$803,866
$2,009,670
-
$0.00
$0.00
$0.00
