724 Cowles St Long Beach, CA 90813-1419
- Manufacturing properties
- 21,300 SF
- 0.81 lot acres
Current Use by Public Records
- Instakush / Corporate Office
- Case Farms Collective / Laboratory
Property Details for 724 Cowles St
- Year built
- 1964
- Construction
- TILT-UP CONCRETE
- Lot size
- 0.81 lot acres
- Property size
- 21,300 SF
- Zone code
- LBIG
- Property type
- Manufacturing properties
- APN
- 7271-008-001
- APU
- 7271008001
Description
This 21,300-square-foot industrial building in Long Beach, CA, is available for $5,500,000. Built in 1964 and renovated in 2020, this vacant property sits on a 0.81-acre lot and features five loading docks with five dock-high doors, offering 15 parking spaces and two secured paved yard areas. The building boasts 18' to 21' ceiling heights and upgraded heavy power (2,500A, 480/277V, 3φ, 4W). Its Long Beach - IG zoning allows for distribution, manufacturing, and warehouse uses. Ideally situated less than one mile from the Port of Long Beach, this property offers convenient access to the 710, 405, and Pacific Coast Highway freeways, providing easy access to all of Los Angeles County. Originally designed for two tenants with separate loading areas, this divisible building is perfect for owner-users or investors seeking a prime South Bay location. The APN is 7271-008-001 and the zip code is 90813.
Value Estimations
-
AI approach
- Method
- Estimation
- Statistic approach
- $5,055,000
- ML approach
- $5,055,000
-
CAP approach
- CAP Return
- Estimation
- 6%
- $4,150,000
- 6.5%
- $3,830,000
- 7%
- $3,555,000
-
Comparable approach
- Method
- Estimation
- AI Estimate
- $3,599,000
Market price range: $948k - $3.60M -
Alternative Use
- Use
- Estimation
- INDUSTRIAL (GENERAL)
- $5,320,000 Current use
- WAREHOUSE, STORAGE
- $7,840,000 Change: +47% Conversion: Easy
- OFFICE BUILDING
- $7,545,000 Change: +42% Conversion: Difficult
- AUTO REPAIR, GARAGE
- $6,735,000 Change: +27% Conversion: Easy
- RETAIL STORES
- $5,320,000 Change: -0% Conversion: Moderate
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Location Insight
- Map
- Local Demand
- City
- Long Beach
- County
- Los Angeles
- State
- California
- Longitude
- -118.202
- Latitude
- 33.7846
- CBSA code
- 31080
- CBSA name
- LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA