Investment Overview

Marcus & Millichap REIS is pleased to present 3640 E 10th Street located on the southwest corner of E 10th Street and Euclid Avenue in Long Beach, CA. The property is an approximately 1,350 square foot 2-story mixed-use commercial and residential property that was originally developed in the 1930’s as an approximately 850 square foot gasoline and automobile repair station. A 2nd story of an approximately 500 square foot studio apartment and deck was constructed in 2011. The land area of the property totals approximately 3,124 square feet. The property is current zoning: LBR3. The ground level of the property has the potential of being converted into 1 or 2 additional dwelling units (ADU’S). Buyers must conduct their own investigation and research into any potential ADU conversion and/or redevelopment. The property is the Recreation Park neighborhood of the Eastside of Long Beach a short distance to the Long Beach Greenbelt, Recreation Park, including two (2) golf courses, Billie Jean King Tennis Center, Blair Field, Colorado Lagoon, Marine Stadium, local beaches, California State University of Long Beach The subject property is also conveniently near the popular retail, entertainment, and dining district of Belmont Shore’s 2nd Street that offers more than 250 unique upscale boutiques, specialty shops, and a myriad of coffee shops, cafes, casual dining taverns, and eclectic international specialty restaurants. Other districts nearby the property include the East Village Arts District, 4th Street Retro Row and the Zafferia commercial corridor. Also close to the property is the Downtown Long Beach Business District which provides unique destinations, both historic and new, that attract over six million visitors annually. One of the city’s most revered attractions, The Queen Mary, arrived in Long Beach in 1967 and has since impressed millions of visitors with its art deco interiors and glimpses into a bygone era. The Aquarium of the Pacific, on the other hand, provides an intimate look into the future of marine biology and sustainability. Hotels, restaurants, and other tourist-oriented venues including Shoreline Village, The Pike and Rainbow Harbor Waterfront surround the juggernaut that is the Long Beach Convention and Entertainment Center that brings in a staggering 1.6 million visitors per year with its year-round conventions and events. The City of Long Beach offers great coastal weather, access to several recreational activities and a reputation for being a big city with a small-town feel. At the center of Long Beach, a city of almost 470,000, they are the only large Downtown waterfront located between San Diego and San Francisco, retaining more affordable lease rates for office and retail space, as well as housing, than nearby areas such as Santa Monica, Downtown Los Angeles, and Irvine, CA.