REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
Listed by Yumi Kim • Real Brokerage Technologies, Inc
$ 1,049,000
Est. payment /mo
Price Dropped by $30K
Long Beach, CA 90806
UPDATED:
Key Details
Property Type Commercial
Sub Type Office
Listing Status Active
Purchase Type For Sale
MLS Listing ID AR-25177147
Year Built 1952
Property Sub-Type Office
Source California Regional Multiple Listing Service (CRMLS)
Property Description
A rare chance to reposition a well-located asset in a steadily evolving commercial corridor. Located in the heart of the Wrigley Village retail corridor, this 4,920 SF commercial building offers 112 feet of prime frontage along walkable Pacific Avenue. With flexible zoning—including the MJ Hemp overlay—and a layout currently divided into 3 suites (originally 4), the property is ideal for an investor or owner-user looking to occupy and lease the rest.
The building includes 6 gated rear parking spaces with alley access and has been under the same ownership for over 20 years. Current tenants are long-term and on month-to-month leases, paying below market rents—a value-add opportunity through re-leasing, rent adjustments, or repositioning.
Situated near Signal Hill, Wrigley Heights, and Downtown Long Beach, with easy access to the 405 and 710 freeways, this property offers strong potential for retail, office, or specialty use. Eligible for SBA financing with 10% down and perfect for a 1031 exchange.
The building includes 6 gated rear parking spaces with alley access and has been under the same ownership for over 20 years. Current tenants are long-term and on month-to-month leases, paying below market rents—a value-add opportunity through re-leasing, rent adjustments, or repositioning.
Situated near Signal Hill, Wrigley Heights, and Downtown Long Beach, with easy access to the 405 and 710 freeways, this property offers strong potential for retail, office, or specialty use. Eligible for SBA financing with 10% down and perfect for a 1031 exchange.
Location
State CA
County Los Angeles
Area 5 - Wrigley Area
Interior
Heating Central
Laundry None
Building
Lot Description 2-5 Units/Acre