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Mixed-Use

4716 2nd St

4716 2nd St, Long Beach, CA 90803

Listing Price: $11,000,000

Cap Rate
3.67%
Number of Units
14
Price/Unit
$785,714
Price/Gross SF
$761.35
Gross SF
14,448

Investment Overview

Marcus & Millichap is pleased to present a trophy 14,483 sq. ft. 2-story mixed-use corner building located in the heart of the prime retail corridor of E 2nd Street in the Belmont Shore district of Long Beach, CA. The outstanding building was originally built in 1923 and has many distinct architectural features including decorative vintage storefront facades. The Building includes 6 retail ground level spaces and 8-2nd level units used as either creative office spaces or Studio/1 Bedroom and 1 Bathroom residential units.

Belmont Shore's E 2nd Street is the premier shopping, entertainment and dining of Long Beach, CA. Noteworthy restaurants include Nick's on 2nd St, Simmzy's, Open Sesame, 2nd and Saint to name a few. Popular retailers such as Tilly's, Van's, Proper Shoes, O'My Sole, ACE Hardware and Rite Aid. Financial service businesses such as Bank of America, Chase and Wells Fargo. Other service businesses such as AT&T, Verizon, Starbucks and Super Cuts. Popular Entertainment and Bar Venues such as Legends Sports Bar, Panama Joes, Long Beach Tap House, Dogz Bar, Shannon's on Bayshore and Riley's.

Surrounding E 2nd Street is the residential district of Belmont Shore, a densely populated beach community including cottage style homes, renovated and expanded luxury homes and unique multi-family apartment residences all blocks to the sandy beaches, marinas, lagoons and picturesque canals.

Outside of Belmont Shore District and 3 miles away is the vibrant and ever growing Downtown Long Beach, including in this Central Business District is the Long Beach Convention Center and Aquarium of the Pacific, Shoreline Village and The Pike Outlet's.

Further east of Belmont Shore are staple national retailers such as Gelson's Market, Whole Foods, Ralph's Grocery, Trader Joe's, Nordstrom Rack, Bev Mo and Petco.

Investment Highlights

  • Pride of Ownership - Irreplaceable Vintage Trophy Property.
  • Highly Visible Prime E 2nd St Corner Location
  • Great Demos - One Mile: Average Household Income (AHI): $139,702.
  • Belmont Shore's E 2nd Street is a busy thoroughfare with 35,300 vehicles per day
  • Belmont Shore is the Host to one of the Largest One-Day Car Show on the West Coast
  • Located less than 1.5 miles from Belmont Shore is the new 2nd & PCH

Exclusively Listed By

Financing By

Mixed-Use

4716 2nd St

Listing Price: $11,000,000

Cap Rate
3.67%
Number of Units
14
Price/Unit
$785,714
Price/Gross SF
$761.35
Gross SF
14,448

Investment Highlights

  • Pride of Ownership - Irreplaceable Vintage Trophy Property.
  • Highly Visible Prime E 2nd St Corner Location
  • Great Demos - One Mile: Average Household Income (AHI): $139,702.
  • Belmont Shore's E 2nd Street is a busy thoroughfare with 35,300 vehicles per day
  • Belmont Shore is the Host to one of the Largest One-Day Car Show on the West Coast
  • Located less than 1.5 miles from Belmont Shore is the new 2nd & PCH

Investment Overview

Marcus & Millichap is pleased to present a trophy 14,483 sq. ft. 2-story mixed-use corner building located in the heart of the prime retail corridor of E 2nd Street in the Belmont Shore district of Long Beach, CA. The outstanding building was originally built in 1923 and has many distinct architectural features including decorative vintage storefront facades. The Building includes 6 retail ground level spaces and 8-2nd level units used as either creative office spaces or Studio/1 Bedroom and 1 Bathroom residential units.

Belmont Shore's E 2nd Street is the premier shopping, entertainment and dining of Long Beach, CA. Noteworthy restaurants include Nick's on 2nd St, Simmzy's, Open Sesame, 2nd and Saint to name a few. Popular retailers such as Tilly's, Van's, Proper Shoes, O'My Sole, ACE Hardware and Rite Aid. Financial service businesses such as Bank of America, Chase and Wells Fargo. Other service businesses such as AT&T, Verizon, Starbucks and Super Cuts. Popular Entertainment and Bar Venues such as Legends Sports Bar, Panama Joes, Long Beach Tap House, Dogz Bar, Shannon's on Bayshore and Riley's.

Surrounding E 2nd Street is the residential district of Belmont Shore, a densely populated beach community including cottage style homes, renovated and expanded luxury homes and unique multi-family apartment residences all blocks to the sandy beaches, marinas, lagoons and picturesque canals.

Outside of Belmont Shore District and 3 miles away is the vibrant and ever growing Downtown Long Beach, including in this Central Business District is the Long Beach Convention Center and Aquarium of the Pacific, Shoreline Village and The Pike Outlet's.

Further east of Belmont Shore are staple national retailers such as Gelson's Market, Whole Foods, Ralph's Grocery, Trader Joe's, Nordstrom Rack, Bev Mo and Petco.

Exclusively Listed By

Financing By

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