727-737 Pine Ave

Long Beach, CA 90813

Property Overview

Address 727 Pine Ave Long Beach, CA 90813
Property Type Multi Tenant Retail
Building Size SF 13,600
Retail Frontage 106' Frontage

The Bungalow Building is a rare value-add retail investment located along the premier Pine Avenue corridor in Downtown Long Beach. The property consists of a 13,600 SF multi-tenant retail building situated on a 15,817 SF PD-30 zoned lot, offering investors immediate cash flow upside through lease-up and long-term redevelopment potential. It is currently offered at $257/SF with a projected 7.20% stabilized cap rate.

Highlights

EXCEPTIONAL DOWNTOWN LOCATION: Situated in the vibrant core of Downtown Long Beach, this property boasts 106 feet of prime frontage along Pine Avenue. With immediate access to the Metro Blue Line (0.5 miles away), it offers unparalleled connectivity and high visibility in a bustling urban setting.

TREMENDOUS REDEVELOPMENT POTENTIAL: Currently leased to month-to-month tenants, the property presents a rare opportunity for repositioning or redevelopment. Zoned PD-30, it allows for high-density residential development, with the potential to add 78+ units through the city’s Enhanced Density Bonus program, which includes incentives for affordable housing.

High Walkability & Pedestrian Traffic: With a Walk Score of 97, this property is located in a "Walker's Paradise," ensuring constant foot traffic from residents, tourists, and professionals. It is surrounded by popular destinations such as The Pike Outlets, the Aquarium of the Pacific, and the Long Beach Convention Center, all contributing to a vibrant and active environment.

STRONG MARKET FUNDAMENTALS & DEMOGRAPHICS: Located in a thriving area with over 411,000 residents within a 5-mile radius, the property benefits from significant foot traffic and proximity to top attractions, including the Aquarium of the Pacific, Long Beach Convention Center, and Shoreline Village. The area's high density and robust economic activity create consistent demand for both retail and residential spaces.

STRATEGIC ACCESS TO REGIONAL HIGHWAYS: The property benefits from excellent connectivity to major Southern California highways, including I-405, I-710, I-605, and the Pacific Coast Highway. This provides easy access to surrounding regions, including Downtown Los Angeles, Long Beach Airport, and neighboring economic centers like Orange County, further enhancing its appeal to investors and potential tenants.