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Price Reduced! Alamitos Plaza 1004-1006 Alamitos Ave

5,300 SF 100% Leased Retail Building Long Beach, CA 90813 £1,948,465 (£368/SF) 5.61% Net Initial Yield

EXECUTIVE SUMMARY

Calla Commercial is pleased to present this opportunity to acquire a multi-tenant (5 tenants) retail "Alamitos Plaza" located on East 10th St. and Alamitos Ave just blocks from Downtown Long Beach and Alamitos Beach. The site is also conveniently located near Cambodia Town, Signal Hill, Circle Area, Belmont Heights, and Belmont Shores. The center is now 100 percent occupied (former long-term laundromat tenant relocated out of state in 2024 and a new laundromat has signed a new lease effective Jan. 2025). Seller is open to partially carrying back (max. 50% of purchase price up to 3 years) "Seller Finance" at negotiable terms for the right qualified individual.
Brochure available upon request. Absolutely Do Not Approach the Tenants.

PROPERTY FACTS

Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Freestanding
Building Size
5,300 SF
Building Class
C
Year Built/Renovated
1958/2007
Price
£1,948,465
Price Per SF
£368
Net Initial Yield
5.61%
NOI
£109,225
Percent Leased
100%
Tenancy
Multiple
Number of Floors
1
Building FAR
0.45
Lot Size
0.27 AC
Opportunity Zone
Yes
State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Zoning
C - Commercial
Parking
11 Spaces (2.08 Spaces per 1,000 SF Leased)
Frontage
184 ft on Alamitos Ave.
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Walk Score®
Walker's Paradise (92)
Bike Score®
Very Bikeable (77)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®
Learn How It Works Detailed Scores

NEARBY MAJOR RETAILERS

Smart & Final
Grocery Outlet
Superior Grocers
Bank of America
Northgate Gonzalez Market
Chase Bank
Denny's
Starbucks
Five Guys
Vons

PROPERTY TAXES

Parcel Number 7267-005-020 Improvements Assessment £723,079
Land Assessment £752,187 Total Assessment £1,475,266

PROPERTY TAXES

Parcel Number
7267-005-020
Land Assessment
£752,187
Improvements Assessment
£723,079
Total Assessment
£1,475,266
(213) 700-4336

CONTACT

  • Young Lee
    Young Lee
  • Calla Commercial Real Estate

  • Listing ID: 31128339

  • Date on Market: 05/03/2024

  • Last Updated:

  • Address: 1004-1006 Alamitos Ave, Long Beach, CA 90813

The Downtown Long Beach Retail Property at 1004-1006 Alamitos Ave, Long Beach, CA 90813 is currently available. Contact Calla Commercial Real Estate for more information.

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VIDEOS
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1004-1006 Alamitos Ave, Long Beach, CA for sale Building Photo- Image 1 of 21
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1004-1006 Alamitos Ave, Long Beach, CA for sale Building Photo- Image 4 of 21
Alamitos Plaza tasty donut pic
1004-1006 Alamitos Ave, Long Beach, CA for sale Building Photo- Image 5 of 21
Alamitos Plaza Alamitos liquor pic
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1004-1006 Alamitos Ave, Long Beach, CA for sale Building Photo- Image 7 of 21
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1004-1006 Alamitos Ave, Long Beach, CA for sale Plat Map- Image 12 of 21
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Price Reduced! Alamitos Plaza | 1004-1006 Alamitos Ave
(213) 700-4336 x

Price Reduced! Alamitos Plaza | 1004-1006 Alamitos Ave

Young Lee

(213) 700-4336

(213) 700-4336

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