2035 Pacific Avenue Long Beach, CA $ 6,408
2035 Pacific Avenue
$ 6,408
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2035 Pacific Avenue

Long Beach, CA, 90806
$ 6,408
Baths0.0 Sq 3,560
Listed by Maher Commercial Realty
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Studio

Property for Rent in Long Beach, CA

for $6,408. This 3,560 square foot property was built in 1948 on a lot size of 0.1073.

Live/work and Medical/Dental conversion allowed per the City of Long Beach. Owner Would Consider Carry-Bank Financing to Qualified Buyers. We are please to present this renovated and vacant in-fill retail building on the highly trafficked Pacific Avenue retail corridor in Long Beach's famed South Wrigley shopping corridor. The property is located just blocks from the Northgate Market, The Wrigley Tavern, Happy Thai, Wicked Wolf Long Beach, Gaucho Beach Cafe and Gabriel's Burgers. This fully vacant building is also offered for lease at $1.80 per square foot, modified gross, making this a pro forma 9.4% cap rate upon stabilization. The building has been renovated and includes a roof replacement with a 5 year warranty, clean interiors, new HVAC systems in each retail unit and common area, four car parking in the rear, a roll-up door in the rear, high ceilings, 40' of frontage on Pacific Ave, a 600 AMP electrical panel that is not currently connected, fresh paint, and a clean interior. Flexible LBCNP zoning allows for several uses including live-work lofts, restaurants and professional offices. This is perfect for an owner-user wanting to take advantage of SBA or other commercial financing opportunities, or an investor wanting to collect a 9.4% stabilized cap rate return upon completion of building lease-up. At $196 per square foot, the building falls in line with the average price per square foot for other retail buildings along the Pacific corridor, but is better located than the average building on the corridor.

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Rental Active

Price

$ 6,408

Bedrooms

Studio

Taxes

$ 0

Style

Lot Size

0.1073

Year Built

1948

Town/City

Long Beach

County/Region

Los Angeles

MLS | Web ID

24354191

Days on Market

109

Features
General
Zoning LBCNP
HOA 0.0
Year Built 1948
County Los Angeles
New Construction N
Property Type CommercialLease
HOA / Comm Assn N
Attached Garage N
Garage Y/N N
Status Active
Directions On Pacific Ave between W. Willard Street and 20th Street
City Long Beach
View Y/N N
Senior Community Y/N N
Total Units 2
MLS Area 5 - Wrigley Area
Lot Size Square Feet 4672.0
Private Pool N
Waterfront Y/N N
Carport Y/N N
Street Name Pacific
Property Attached Y/N N
Land Lease Y/N N
Home Warranty Y/N N
Lease Renewal Y/N N
Additional Parcels Y/N N
Lease Considered Y/N N
Rent Control Y/N N
Days on Market 75
Standard Status Active
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Exterior
Total Parking 4.0
Lot Size Area 4672.0
Number of Buildings 1
Spa N
Building Area Total 3560.0
Lot Size Acres 0.1073
Lot Size Units SquareFeet
Lot Size Source Other
Crops Included Y/N N
Open Parking Y/N N
Horse Y/N N
Irrigation Water Rights Y/N N
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Interior
Total Stories 1
Basement (Y/N) N
Air Conditioning Y/N N
Heating Y/N N
Fireplace Y/N N
Street Suffix Avenue
Electric On Property Y/N N
Total Baths 0
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Internal Only
Street Number 1 2035
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* Excluded Features
List By
Maher Commercial Realty

Broker

(310) 464-1453

Phone

Nearby
273443 Elementary School
272636 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
2/2/2024$6,408 Listed Price

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2035 Pacific Avenue, Long Beach, CA, 90806 is a Property for Rent at $6,408 with 3,560 sqft and a lot size of 0.1073. 2035 Pacific Avenue is a studio with 0.0 baths and was built in 1948. The property's zip code is 90806 which is in Long Beach, CA