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400-404 E 1st St
Long Beach, CA 90802
Retail Property For Sale
Investment Highlights
- Storefront Retail on NNN Leases – Ground floor retail is fully occupied by a diverse mix of tenants paying $3.11/SF on NNN leases.
- Below Market Apartment Rents – Residential tenancy is paying $2.44/SF or an average $2,519.45 with upside in rents.
- Excellent Traffic Counts – Highly trafficked pedestrian corridor with a walk score of 96, a “walker’s paradise”.
- Mixed-Use Retail and Apartment The ground floor retail is made up of 3 retail units, the 2ndfloor is made up of 3 large 1 and 2 bed units.
- Strong Signalized Corner – Ideally positioned on the SE signalized corner of E 1st Street and Elm Avenue.
- Exceptional Visibility and Frontage – Approximately 50 and 70 feet of linear frontage on E 1st Street and Elm Avenue, respectively.
Property Facts
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
6,856 SF
Building Class
C
Year Built
1902
Tenancy
Multiple
Building Height
2 Stories
Building FAR
1.84
Lot Size
0.09 AC
Zoning
PD30, Long Beach - PD30
Frontage
Amenities
- Commuter Rail
- Corner Lot
- Skylights
Property Taxes
| Parcel Number | 7281-025-004 | Improvements Assessment | $1,416,270 |
| Land Assessment | $1,126,453 | Total Assessment | $2,542,723 |
Property Taxes
Parcel Number
7281-025-004
Land Assessment
$1,126,453
Improvements Assessment
$1,416,270
Total Assessment
$2,542,723
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