302-320 E Anaheim St
Income Today. Upside Tomorrow. Long Beach Creative Asset with Future Redevelopment
Marketing description
A rare Long Beach investment property combining current cash flow, a diversified creative-studio rent roll, transit-oriented visibility and future residential mixed-use optionality. Lee & Associates - Los Angeles/Long Beach, Inc., as exclusive advisors, presents 302-320 E. Anaheim Street, a multi-tenant Long Beach commercial property for sale at the signalized intersection of Anaheim Street and Long Beach Boulevard. Offered at $3,850,000, this ±14,144-square-foot income-producing property contains thirty-one (31) private spaces serving music production, recording, graphic/industrial design, creative office, specialty workspace users and seven (7) ground floor retail spaces comprised of a restaurant, hair salon, barber, tattoo studio, electronics store, and smoke shop.
Adjacent to the Metro A Line's Anaheim Street Station and minutes from Downtown Long Beach and the 710 Freeway, the property is positioned for investors seeking a 1031 exchange replacement property, diversified commercial income, measurable rent growth and long-term redevelopment potential in Central Long Beach.
Subject to City confirmation, the property may benefit from Long Beach's updated parking regulations, including potential exemption from minimum automobile parking counts within the City's Parking Exempt Area and no new parking requirement for qualifying changes of use in buildings more than 10 years old. This creates a more flexible path for restaurant, retail, hospitality, and experiential operators seeking to activate an urban Long Beach location.
Investment highlights
- 1031 exchange buyers seeking a Long Beach replacement property
- Private commercial real estate investors and family offices
- Local Long Beach property owners and multi-tenant investors
- Creative-space, music-studio and flexible-workspace operators
- Value-add retail and creative-office investors
- Investors seeking alternatives to multifamily properties
- Long-term residential and mixed-use developers
- 31 private income-producing rooms, excluding the IT closet
- Private spaces ranging from approximately 42 to 860 square feet
- 24-hour access, keyless entry and video surveillance
- Sound-resistant music rehearsal and recording rooms
- Flexible month-to-month occupancy and recurring mark-to-market opportunities
- Free Wi-Fi, convenient loading and access
- Space for music, media, podcasting, e-commerce and creative-office users
- Approximately 29,300 vehicles per day on Anaheim Street
- Approximately 20,400 vehicles per day on Long Beach Boulevard
- Adjacent to the Metro A Line's Anaheim Street Station
- Direct rail connectivity between Downtown Long Beach and Downtown Los Angeles
- Convenient access to Downtown Long Beach, the 710 Freeway and surrounding neighborhoods
- Dense one-mile trade area with approximately $1.6 billion in reported buying power
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