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782 Pacific Ave 3,368 SF Office Building Long Beach, CA 90813 $1,800,000 ($534.44/SF)
Investment Highlights
- ±8,001 SF prime corner lot
- Office or Retail Uses
- Qualified Opportunity Zone
- PD-30 zoning - Downtown Plan Area
- Eight surface parking spaces
- Owner may consider a leaseback — ideal for developers planning future redevelopment
Executive Summary
782 Pacific Ave presents a rare opportunity to acquire a highly visible commercial property in the heart of Downtown Long Beach. Situated on a prime corner lot, the property offers strong street presence, on-site surface parking, and flexible PD-30 zoning that supports a wide range of commercial and potential redevelopment uses.
The property is also located within a federally designated Qualified Opportunity Zone, giving investors who reinvest capital gains through a Qualified Opportunity Fund the potential to defer and reduce federal capital gains tax liability — an added advantage on top of the site's redevelopment and Density Bonus Law upside.
The property is also located within a federally designated Qualified Opportunity Zone, giving investors who reinvest capital gains through a Qualified Opportunity Fund the potential to defer and reduce federal capital gains tax liability — an added advantage on top of the site's redevelopment and Density Bonus Law upside.
Property Facts
Sale Type
Investment or Owner User
Property Type
Office
Property Subtype
Building Size
3,368 SF
Building Class
C
Year Built/Renovated
1938/2012
Price
$1,800,000
Price Per SF
$534.44
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
3,368 SF
Building FAR
0.42
Lot Size
0.18 AC
Opportunity Zone
Yes
Zoning
PD30 - PD-30, Downtown Plan Area & Opportunity Zone. Flexible retail, office, restaurant, high-density residential redevelopment potential.
Parking
8 Spaces (2.38 Spaces per 1,000 SF Leased)
Amenities
- Courtyard
- Food Service
- Signage
- Reception
- Storage Space
- Air Conditioning
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Exceptionally walkable
90/100
Moderately drivable
70/100
Strong public transit
80/100
Moderately bikeable
70/100
Property Taxes
| Parcel Number | 7273-023-005 | Improvements Assessment | $389,372 |
| Land Assessment | $301,446 | Total Assessment | $690,818 |
Property Taxes
Parcel Number
7273-023-005
Land Assessment
$301,446
Improvements Assessment
$389,372
Total Assessment
$690,818
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Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
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Contact the Sale Advisor
782 Pacific Ave