Retail/ Office Shop Space | 219 E Broadway
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Retail/ Office Shop Space 219 E Broadway
5,200 SF Retail Building Long Beach, CA 90802 $1,818,180 ($350/SF)
Investment Highlights
- Owner User/ Add Value Opportunity
- Below Replacement Cost
- Since 2019, there has been 3,098 apartments units built within a 15 minute walk of the subject property.
- 3,600 Ground Floor, 1,600 Mezzanine
- Currently, there are 1,620 apartments units under construction in a 12 minute walk from the subject property.
Executive Summary
219 East Broadway is an approximately 5,200 square foot vacant building on approximately 3,636 square feet of land. The ground floor is approximately 3,600 square feet and the mezzanine (2nd Floor) is approximately 1,600 square feet. The property is reinforced brick.
The subject property is on a soft corner of Broadway and North Waite Court with off street public parking in various parking garages in Downtown Long Beach. There are approximately 8 different public parking garages in a 1 block radius from the subject property. The property is located a 1/2 bock East of The Promenade of Downtown Long Beach, a major destination hub of Long Beach, California and Los Angeles County. Since 2019, there has been 3,098 apartments units built within a 15 minute walk of the subject property. Currently, there are 1,620 apartments units under construction in a 12 minute walk from the subject property.
The subject property is on a soft corner of Broadway and North Waite Court with off street public parking in various parking garages in Downtown Long Beach. There are approximately 8 different public parking garages in a 1 block radius from the subject property. The property is located a 1/2 bock East of The Promenade of Downtown Long Beach, a major destination hub of Long Beach, California and Los Angeles County. Since 2019, there has been 3,098 apartments units built within a 15 minute walk of the subject property. Currently, there are 1,620 apartments units under construction in a 12 minute walk from the subject property.
Financial Summary (Pro forma - 2025) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Pro forma - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
5,200 SF
Building Class
C
Year Built
1929
Price
$1,818,180
Price Per SF
$350
Tenancy
Single
Building Height
1 Story
Building FAR
0.99
Land Acres
0.12 AC
Opportunity Zone
Yes
Zoning
LBPD30 - LBPD30 refers to a "Planned Development District," which applies to areas in the Downtown Long Beach
Frontage
40 FT on Broadway
Amenities
- Skylights
Walk Score ®
Walker's Paradise (97)
Transit Score ®
Excellent Transit (75)
Bike Score ®
Very Bikeable (88)
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 7280-019-015 | Total Assessment | $86,953 (2024) |
| Land Assessment | $78,574 (2024) | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $8,379 (2024) | Tax Year | 2025 |
PROPERTY TAXES
Parcel Number
7280-019-015
Land Assessment
$78,574 (2024)
Improvements Assessment
$8,379 (2024)
Total Assessment
$86,953 (2024)
Annual Taxes
($1) ($0.00/SF)
Tax Year
2025
-
Marc Perlof -
KW Advisors
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Retail/ Office Shop Space | 219 E Broadway
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