PCH Signalized Hard Corner- 2 Tenant NNN | 3000 E Pacific Coast Hwy
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PCH Signalized Hard Corner- 2 Tenant NNN 3000 E Pacific Coast Hwy
550 SF 100% Leased Retail Building Long Beach, CA 90804 £1,790,241 (£3,255/SF) 5.50% Net Initial Yield
Investment Highlights
- Pacific Coast Hwy (PCH) / Signalized Hard Corner Intersection - 2 Tenant NNN / Three J's Auto Sales and Ascension Car Rentals
- Flexible Zoning – Multiple Uses Allowed
- Irreplaceable Urban Infill Location – Strong Demographics
- Major North South Arterial – Pacific Coast Hwy | Nearby Freeways (405, 710, 605, 22) and Airport Proximity
Executive Summary
Faris Lee Investments presents a prime commercial property opportunity located at 3000 E Pacific Coast Hwy in Long Beach, CA. Situated at a signalized hard corner along the bustling Pacific Coast Hwy, this property enjoys high visibility with over 55,000 vehicles passing by daily, creating its significant intrinsic real estate value. The two current tenants are Three J's Auto Sales and Ascension Car Rentals.
Highlighted by its urban infill location, the property benefits from a robust demographic profile, including over 486,000 residents, 181,000 households, and 197,000 employees within a 5-mile radius, boasting an average household income exceeding $103,000. With flexible zoning that allows a wide variety of uses such as cannabis dispensaries, day care facilities, fitness centers, medical offices, and more, investors have the opportunity to capitalize on a diverse revenue stream.
The property’s prime location offers exceptional transportation accessibility, with mass transit along Pacific Coast Hwy and Long Beach International Airport just 10 minutes away. Additionally, easy access to nearby freeways (405, 710, 605, and 22) and Downtown Long Beach, which attracted over 25 million visitors in 2023, underscores the area’s economic vibrancy. Furthermore, the property benefits from proximity to three major airports within a 20-mile radius (LAX, LGB, SNA), along with convenient transportation options like the 405 freeway, 710 freeway, Metro A Line stops, and Long Beach Transit buses, enhancing connectivity for residents and visitors alike.
With its unparalleled location, strong demographic profile, exceptional transportation accessibility, and thriving economic environment, this investment opportunity presents a rare chance to acquire a highly desirable property with diverse potential uses in a prime coastal California location.
Highlighted by its urban infill location, the property benefits from a robust demographic profile, including over 486,000 residents, 181,000 households, and 197,000 employees within a 5-mile radius, boasting an average household income exceeding $103,000. With flexible zoning that allows a wide variety of uses such as cannabis dispensaries, day care facilities, fitness centers, medical offices, and more, investors have the opportunity to capitalize on a diverse revenue stream.
The property’s prime location offers exceptional transportation accessibility, with mass transit along Pacific Coast Hwy and Long Beach International Airport just 10 minutes away. Additionally, easy access to nearby freeways (405, 710, 605, and 22) and Downtown Long Beach, which attracted over 25 million visitors in 2023, underscores the area’s economic vibrancy. Furthermore, the property benefits from proximity to three major airports within a 20-mile radius (LAX, LGB, SNA), along with convenient transportation options like the 405 freeway, 710 freeway, Metro A Line stops, and Long Beach Transit buses, enhancing connectivity for residents and visitors alike.
With its unparalleled location, strong demographic profile, exceptional transportation accessibility, and thriving economic environment, this investment opportunity presents a rare chance to acquire a highly desirable property with diverse potential uses in a prime coastal California location.
Financial Summary (Actual - 2024) Click Here to Access |
Annual | Annual Per SF |
---|---|---|
Gross Rental Income | - | - |
Other Income | - | - |
Vacancy Loss | - | - |
Effective Gross Income | - | - |
Net Operating Income | $99,999 | $9.99 |
Financial Summary (Actual - 2024) Click Here to Access
Gross Rental Income | |
---|---|
Annual | - |
Annual Per SF | - |
Other Income | |
---|---|
Annual | - |
Annual Per SF | - |
Vacancy Loss | |
---|---|
Annual | - |
Annual Per SF | - |
Effective Gross Income | |
---|---|
Annual | - |
Annual Per SF | - |
Net Operating Income | |
---|---|
Annual | $99,999 |
Annual Per SF | $9.99 |
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
550 SF
Building Class
C
Year Built
1968
Price
£1,790,241
Price Per SF
£3,255
Net Initial Yield
5.50%
NOI
£98,467
Percent Leased
100%
Tenancy
Multiple
Number of Floors
1
Building FAR
0.05
Land Acres
0.26 AC
Zoning
LBCH - Long Beach Commercial Highway
Parking
25 Spaces (45.45 Spaces per 1,000 SF Leased)
Frontage
151 ft on Pacific Coast Hwy
Amenities
- Pylon Sign
Walk Score ®
Very Walkable (84)
Nearby Major Retailers
PROPERTY TAXES
Parcel Number | 7259-032-022 | Improvements Assessment | £28,597 |
Land Assessment | £286,043 | Total Assessment | £314,640 |
PROPERTY TAXES
Parcel Number
7259-032-022
Land Assessment
£286,043
Improvements Assessment
£28,597
Total Assessment
£314,640
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PCH Signalized Hard Corner- 2 Tenant NNN | 3000 E Pacific Coast Hwy
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