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

Prime Downtown Long Beach Development & Investment Opportunity

Centennial Advisors is pleased to exclusively offer 737 Pine Avenue, a strategically positioned 13,600 SF retail property on a 15,817 SF (.36-acre) parcel in the heart of Downtown Long Beach. This rare offering presents compelling value at $3,988,000 ($293/SF building, $252/SF land) – significantly below current replacement costs.

Strategic Location & Transit Access

Located on Pine Avenue with 106 feet of frontage, the property sits within a federally designated Opportunity Zone and benefits from immediate proximity to the Metro Blue Line (0.5 miles). This transit adjacency qualifies the site for AB 2097 parking reductions, substantially improving development economics for multifamily projects.

Flexible Repositioning Potential

All existing tenants operate on month-to-month leases, providing immediate flexibility for new ownership. The PD-30 zoning designation enables high-density residential or Hotel development with significant incentives available through Long Beach's Enhanced Density Bonus program, potentially supporting 78+ units with appropriate affordable housing components.

Unmatched Urban Amenities

The property is surrounded by Downtown Long Beach's most visited destinations including The Pike Outlets, Aquarium of the Pacific, Long Beach Convention Center, Shoreline Village, and the historic Queen Mary. This pedestrian-rich environment (Walk Score: 97) creates exceptional foot traffic and demographic density.

Strong Market Fundamentals

The 5-mile radius encompasses over 411,000 residents with average household income exceeding $101,500. Multiple universities including Cal State Long Beach (39,000 students) and Long Beach City College (combined 621,000 students across campuses) drive consistent rental demand.

Connectivity & Regional

Access Downtown Long Beach offers superior connectivity via I-405, I-710, I-605, and the Pacific Coast Highway, positioning the property just 25 miles from Downtown Los Angeles and Long Beach Airport. Daily traffic counts on surrounding corridors range from 8,962 to 37,500 vehicles.

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.

VALUE-DRIVEN INVESTMENT: Priced at $3.988 (just $252 per square foot of land), this property is offered well below replacement cost, presenting a compelling value proposition. This presents a unique opportunity for investors to capitalize on Long Beach’s continued growth and revitalization at an attractive price point.

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.