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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.

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
Freestanding
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)
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.®

Nearby Major Retailers

Food 4 Less
Lee's Sandwiches
UFC Gym
Ono Hawaiian BBQ
Ahipoki Bowl
Ralphs
Bank of America
Starbucks
Comerica
Charo Chicken

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
7259-032-022
Land Assessment
£286,043
Improvements Assessment
£28,597
Total Assessment
£314,640
  • Listing ID: 30949008

  • Date on Market: 13/02/2024

  • Last Updated:

  • Address: 3000 E Pacific Coast Hwy, Long Beach, CA 90804

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