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3121 E Anaheim St 8,443 SF Retail Building Long Beach, CA 90804 $1,600,000 ($189.51/SF) 5.31% Cap Rate



Investment Highlights
- FOR SALE AFTER 37 YEARS!
- Convenient alley access provides direct access to rear parking.
- Prominent frontage along E Anaheim St with substantial vehicle traffic and excellent visibility.
- Sold AS IS and WHERE IS with all faults, and without warranty, express or implied.
Executive Summary
FOR SALE after 37 Years! Prime Long Beach Retail Investment Opportunity. Existing building (APN: 7259-023-027) is approx. 8,443 SF on an approx. 11,484 lot SF, zoned LBIL. High-traffic Anaheim Street location with strong vehicle exposure and excellent visibility. The property is vacant and previously use as storage facilities. Convenient alley access to rear parking. The property needs rehab and updating. Property located at 3101 E Anaheim St is also available for sale by the same owner at $1.2 million. The property is listed separately, and purchasing both properties is not required; however, acquiring both presents an excellent opportunity for seasoned investors seeking to expand their Long Beach retail portfolio. Excellent freeway access with convenient connections to CA-1, I-405, I-710, and I-605, providing easy access throughout Long Beach, Los Angeles, and Orange County. Sold AS IS and WHERE IS with all faults, and without warranty, express or implied. Seller will not be responsible for any repairs, inspection reports, termite work, and mandatory government retrofit requirements prior to close. Buyer to conduct their own investigations.
Property Facts
Sale Type
Investment or Owner User
Sale Condition
Redevelopment Project
Property Type
Retail
Property Subtype
Storefront
Building Size
8,443 SF
Building Class
C
Year Built
1928
Price
$1,600,000
Price Per SF
$189.51
Cap Rate
5.31%
NOI
$84,960
Tenancy
Single
Building Height
1 Story
Building FAR
0.75
Lot Size
0.26 AC
Zoning
LBIL
Frontage
156’ on Anaheim St
Moderately walkable
70/100
Exceptionally drivable
90/100
Some public transit
50/100
Fairly bikeable
50/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 7259-023-027 | Improvements Assessment | $222,148 |
| Land Assessment | $529,247 | Total Assessment | $751,395 |
Property Taxes
Parcel Number
7259-023-027
Land Assessment
$529,247
Improvements Assessment
$222,148
Total Assessment
$751,395
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3121 E Anaheim St
