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590 Pine Ave
Long Beach, CA 90802 Downtown Long Beach

$4,313,000 USD

Storefront Retail Residential For Sale  •  24,039 SF

Property Details

  • Property Type Storefront Retail Residential
  • Total Building Size 24,039 SF
  • Lot Size 0.73 AC
  • Building Class A
  • Year Built 2003
  • Tenancy Multiple
  • Zoning PD-30
74 Transit Score
99 Walk Score

Highlights

High-Traffic, Significant Frontage – Shops on Pine @ Mosaic (Building J) is one of the highest trafficked portion in the Mosaic district
Value-Add Opportunity with Significant Upside Potential
Well Below Market Rents
Significant Income Growth – NOI is projected to grow by more than $496,800 (153%) upon stabilization (Year 3)
Strong Tenancy Positioned for Synergistic Uses – Dynamic and proven tenant roster consisting of national tenancy

Amenities

  • Signage
  • Monument Signage
  • Air Conditioning

Public Transportation

Transit/SubwayDriveWalkDistance
Pacific Station (Blue Line - Los Angeles County Metropolitan Transportation Authority (Metro)) - 2 min 0.1 mi
5th Street Station (Blue Line - Los Angeles County Metropolitan Transportation Authority (Metro)) 2 min 5 min 0.3 mi
Long Beach Transit Mall (Blue Line - Los Angeles County Metropolitan Transportation Authority (Metro)) 2 min 8 min 0.4 mi
1st Street Station (Blue Line - Los Angeles County Metropolitan Transportation Authority (Metro)) 2 min 10 min 0.5 mi
Anaheim Station (Blue Line - Los Angeles County Metropolitan Transportation Authority (Metro)) 3 min 15 min 0.8 mi
AirportDriveWalkDistance
Long Beach (Daugherty Field) 15 min - 10.2 mi
Los Angeles International 24 min - 21.1 mi
John Wayne/Orange County 32 min - 30.1 mi

Parking Details

Parking Available: Yes
Reserved: No
Type: Surface
Included in Rent: Yes
John Read 949-725-8606 CBRE
John Read 949-725-8606 CBRE