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Property profile & analytics
FOR SALE
Medical Office Space

917 Pine Ave Long Beach, CA 90813

3,026 SF 0.17 ac lot Built 1954
Individually Owned 21-yr Hold Absentee Owner ~ Est. High Equity
Property ID
US09-6410376
Property summary
AI-generated overview

This exceptional 0.17-acre development opportunity is situated at 917 Pine Avenue in the vibrant North Pine area of Downtown Long Beach, California (APN 7273-014-013). The property is offered fee simple and zoned PD30, allowing for high-density and mixed-use development. This zoning designation actively promotes transit-oriented development, walkability, and job creation, aligning with the city's vision for sustainable urban growth. The site's potential is further enhanced by its proximity to the adjacent parcel at 909 Pine Avenue, which is slated for the construction of a 49-unit micro-apartment building, including six affordable units. This neighboring development underscores the area's strong demand for residential housing and its suitability for high-density projects. The asking price for this exceptional land parcel is $1,399,000. This presents a unique chance to capitalize on the burgeoning growth and revitalization of Downtown Long Beach, creating a significant return on investment in a thriving urban environment. The property's location in Los Angeles County, zip code 90813, offers easy access to major transportation arteries and a wealth of amenities. This is a rare opportunity to acquire a strategically located parcel in a rapidly developing area of Long Beach.

Property profile
Verified
Property type Medical Office Space
Use group MEDICAL BUILDING
Year built 1954
Construction WOOD
Total area 3,026 SF
Lot 0.17 ac (7,521 SF)
Zoning code LBR4N
APN 7273-014-013
UPID US09-6410376
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
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Sharam Yashar · 21 yrs held
Sharam Yashar
since 2004
5 recorded transactions
2004
$535,000
2000
$80,000
1998
$197,911
1969
Price N/A
1969
Price N/A
Zoning & alternative use
LBR4N · Long Beach, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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