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406 E 1st St 3,750 SF 67% Leased Retail Building Long Beach, CA 90802 $1,700,000 ($453.33/SF) 5.18% Cap Rate
Investment Highlights
- Three-tenant retail investment in the heart of Downtown Long Beach's East Village Arts District.
- Modified gross leases with limited landlord responsibilities
- Strong pedestrian traffic, an established restaurant corridor
Executive Summary
Located in the heart of Downtown Long Beach's East Village Arts District, this property is a three-tenant retail property featuring two occupied retail suites and one vacant suite, providing immediate value-add potential through lease-up or owner- user opportunity.
The property benefits from strong pedestrian traffic, an established restaurant corridor, and flexible PD-30 Downtown Plan zoning.
The property benefits from strong pedestrian traffic, an established restaurant corridor, and flexible PD-30 Downtown Plan zoning.
Data Room Click Here to Access
- Offering Memorandum
Financial Summary (Pro Forma - 2026) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Pro Forma - 2026) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Sale Type
Investment or Owner User
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Building Size
3,750 SF
Building Class
C
Year Built
1920
Price
$1,700,000
Price Per SF
$453.33
Cap Rate
5.18%
NOI
$88,000
Percent Leased
67%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.96
Lot Size
0.09 AC
Zoning
PD, Long Beach - PD-30 Downtown Plan: Flexible mixed-use zoning allowing retail, office, restaurant & commercial uses, subject to City approval.
Frontage
50’ on E 1st St
Amenities
- Signage
- Tenant Controlled HVAC
- Air Conditioning
Major Tenants Click Here to Access
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
- Clay Ceramics Studio
- Arts, Entertainment, and Recreation
-
99,999 SF
-
$9.99
-
Lorem Ipsum
- -
- Owner/ User
- -
-
99,999 SF
- -
- -
- -
- WA WA Restaurant
- Accommodation and Food Services
-
99,999 SF
-
$9.99
-
Lorem Ipsum
- -
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
| Clay Ceramics Studio | Arts, Entertainment, and Recreation | 99,999 SF | $9.99 | Lorem Ipsum | - | |
| Owner/ User | - | 99,999 SF | - | - | - | |
| WA WA Restaurant | Accommodation and Food Services | 99,999 SF | $9.99 | Lorem Ipsum | - |
Exceptionally walkable
90/100
Moderately drivable
70/100
Strong public transit
80/100
Moderately bikeable
70/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 7281-025-003 | Total Assessment | $940,877 (2025) |
| Land Assessment | $696,950 (2025) | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $243,927 (2025) | Tax Year | 2026 |
Property Taxes
Parcel Number
7281-025-003
Land Assessment
$696,950 (2025)
Improvements Assessment
$243,927 (2025)
Total Assessment
$940,877 (2025)
Annual Taxes
($1) ($0.00/SF)
Tax Year
2026
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Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
Contact the Sale Advisor
406 E 1st St