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Property profile & analytics
OFF-MARKET Estimated value $505,000
Medical Office Space

757 Pacific Ave Long Beach, CA 90813-4235

3,770 SF 0.34 ac lot Built 1939
Trust Owned 15-yr Hold ~ Est. High Equity
Property ID
US10-0428789
Property summary
AI-generated overview

This exceptional Long Beach commercial property offers a rare opportunity to lease a versatile space in a prime downtown location. The property, situated at 757 Pacific Avenue, boasts a total of 3,772 square feet across two buildings, separated by a breezeway. The larger building encompasses approximately 3,300 square feet, while the smaller building offers an additional 500 square feet. The property features a flexible floor plan, adaptable to various business needs, previously utilized as a medical office. Four bathrooms are conveniently located within the main building. The 0.344-acre lot (14,993 square feet) includes a valuable asset: a private parking lot with 28 spaces. Built in 1939, this single-tenant space is zoned LBPD30 and offers 200-volt power. Tenant improvements are required. The property's ideal location near public transit in a walkable neighborhood, bordering the Historic District, provides excellent accessibility and visibility. The owner is seeking a long-term tenant committed to a minimum 5-10 year lease with an option to renew. Property taxes are $3.71 per square foot. No elevators are present. The cross street is 8th Street, and the APN is 7272020047. This unique property is perfect for a business seeking a prominent downtown Long Beach presence with ample parking.

Property profile
Verified
Property type Medical Office Space
Use group MEDICAL BUILDING
Year built 1939
Construction TILT-UP CONCRETE
Total area 3,770 SF
Lot 0.34 ac (14,989 SF)
Zoning code LBPD30
APN 7272-020-047
UPID US10-0428789
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
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$305k
CAP Approach CAP
by Request
Comparable Approach Comparable
$319k
Blend (final) Blend
$505k
Owner & transaction history
Tang C Brian & H Family Trust · 15 yrs held
Tang C Brian & H Family Trust
since 2011
3 recorded transactions
2011
Price N/A
1993
Price N/A
1969
Price N/A
Zoning & alternative use
LBPD30 · Long Beach, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Source Zoning Districts Established
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