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3640 E 10th St

1,350 SF 100% Leased Retail Building Long Beach, CA 90804 $600,000 ($444/SF)

Investment Highlights

  • Corner Property
  • Located in the Recreation Park Neighborhood of the Eastside of Long Beach, CA
  • Also, close to Cal State University Long Beach (CSULB), Public Schools, Hospitals, Long Beach Airport, and Dwtn Long Beach and Convention Centert
  • Potential ADU conversation of the garage and remaining ground floor interior square footage
  • Located close to a variety of Parks, Beaches, Neighborhood Shopping Districts, Public and Private Schools.
  • Three (3) mile 2023 Average Household Income: $100,870 and Three (3) Mile Projected 2028 Population: 267,386. Walkscore of 87 and a Bikescore of 71

Executive Summary

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’s 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 Pacif ic, 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 Waterf ront 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 waterf ront located between San Diego and San Francisco, retaining more affordable lease rates
for off ice and retail space, as well as housing, than nearby areas such as Santa Monica, Downtown Los Angeles,
and Irvine, CA.

Property Facts Under Contract

Sale Type
Investment or Owner User
Sale Condition
Redevelopment Project
Property Type
Retail
Property Subtype
Auto Repair
Building Size
1,350 SF
Building Class
C
Year Built
1931
Price
$600,000
Price Per SF
$444
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.44
Lot Size
0.07 AC
Zoning
LBR3 - Restricted Density Multiple Dwelling One-Family Dwellings, Two-Family Dwellings, Apartment Houses, Multiple Dwellings, Home Occupation
Parking
4 Spaces (2.96 Spaces per 1,000 SF Leased)
Frontage
77 FT on 10th St
Walk Score ®
Very Walkable (87)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

Nearby Major Retailers

Food 4 Less
Lee's Sandwiches
Smart & Final
Starbucks
UFC Gym
Wells Fargo
Halal Guys
Comerica
Charo Chicken
The Habit Burger Grill
  • Listing ID: 33924702

  • Date on Market: 11/19/2024

  • Last Updated:

  • Address: 3640 E 10th St, Long Beach, CA 90804

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