available for sale · the port of long beach is one of the world’s busiest seaports, a hub for...

5 3 0 East Fourth StreetLong Beach, CA 90802

A V A I L A B L E F O R S A L E

RA R E O P P O R T U N I T Y T O O W N I N D O W N T O W N L O N G B E A C H

5000 EAST SPRING STREET, SUITE 600 | LONG BEACH, CALIFORNIA 90815(562-354-2500 | WWW.LEE-ASSOCIATES.COM

PROPERTY FEATURES

E X E C U T I V E S U M M A RY

ADDRESS 530 East 4th StreetLong Beach, California 90802

size • ±8,000 SF Two-Story Building• ±5,084 SF Parking Lot / Buildable Site

apn • 7281-011-013 (Building)• 7281-007-027 (Parking Lot)

zoning LBPD-30

features • Two-story brick building with a 16 stall parking lot directly across the street

• Excellent location in the East Village Arts District

• Perfect for restaurant, retail, creative office, and/or event space

• Exposed ceilings and skylights allow for abundant natural light

• Approved for “parklet” patio seating

rate Negotiable

Price $2,550,000.00 ($318.75 / SF)

• Rare opportunity to own an 8,000 SF commercial building in Downtown Long Beach.

• $2,550,000 ($275/SF on building SF & $69/SF for parking lot).

• Perfect for creative office, retail, restaurant, bar or event space (by right, PD-30 zoning in place).

• Located in the Opportunity Zone (offering enticing tax incentives)

• A fully renovated core and shell two story reinforced brick building with all environmental, structural, seismic, and façade work complete, with its own ±5,084 SF parking lot or buildable site on a separate parcel directly across 4th Street.

• Ready for tenant improvements, with the added benefit of the Opportunity Zone tax incentives.

• Located on 4th Street within walking distance to restaurants and entertainment, the Blue Line, bike paths, strategically located between the Pine/ Promenade and the East Village with a vibrant mix of business, people and ideas.

5000 EAST SPRING STREET, SUITE 600 | LONG BEACH, CALIFORNIA 90815(562-354-2500 | WWW.LEE-ASSOCIATES.COM

D E M O G R A P H I C S

downtown downtown core

population 33,129 10,164

avg household income $59,299 $80,225

household by income

$35k-$49,999 13% 9%

$50k-$74,999 16% 16%

$75k-$99,999 11% 14%

$100k-$149,999 11% 17%

$150k or more 8% 14%

populationby age

Under 19 23% 13%

20-24 7% 5%

25-34 22% 25%

35-44 15% 19%

45-54 15% 16%

55-64 10% 12%

65+ 8% 10%

educationalattainment(age 25+)

High School Diploma or Less 43% 19%

Some College or Associate’s Degree

26% 27%

Bachelor’s Degree or Higher

31% 52%

Long Beach is the 7th most populous in California with over 470,000 residents. Spanning over 51 square miles with 11 miles of coastline, it is the second largest city in the Los Angeles metropolitan area and the third in Southern California behind Los Angeles and San Diego. Long Beach is strategically located within a 30 minute drive of Downtown Los Angeles and Orange County business centers. The city, widely recognized as a very desirable and livable community, is known for its unique neighborhoods, quality schools, excellent hospitals and noted arts and cultural resources.

Long Beach has been named by USA Today as the most diverse city in the United States - one of the City’s strongest assets. LBUSD now educates 81,000 students in 84 public schools in the cities of Long Beach, Lakewood, Signal Hill, and Avalon on Catalina Island. The school district is the third largest in California and employs more than 8,000 people, making it the largest employer in Long Beach.

The Port of Long Beach is one of the world’s busiest seaports, a hub for one-third of all the trade moving through West Coast ports. Port related trade supports more than 30,000 Long Beach jobs and more than 300,000 jobs throughout Southern California. Trade valued annually at more than $140 billion moves through Long Beach, making it the second busiest seaport in the United States.

Long Beach is quiet but connected—at times you almost wouldn’t notice the dense network of channels into neighboring cities and airports. Long Beach walks the line between LA and Orange counties, with direct access to not only our own Long Beach Airport (LGB), but also Los Angeles International Airport (LAX) and Santa Ana’s John Wayne Airport (SNA). While both the Metro Blue Line and LGB go through massive renovations, the future will only become more convenient to travel near and far.

The freeway system in Southern California may seem chaotic, but the web of interchanges ties together the sprawling Greater LA and OC areas. The 710 freeway feeds straight into Downtown Long Beach through multiple points of entry, providing easy access directly to East Los Angeles, the Ports of Long Beach and Los Angeles, and the 405 connector to OC and West Los Angeles.

City of Long Beach Contact Info: Main: (562)570-6555

Development Services: (562)570-5237 Economic Development: (562)570-6099

Source: DLBA Economic Profile 2019

Copyright © Lee & Associates. All rights reserved. No part of this work may be reproduced or distributed without written permission of the copyright owner. The information contained in this report was gathered by Lee & Associates from sources believed to be reliable. Lee & Associates, however, makes no representation concerning the accuracy or completeness of such information and expressly disclaims any responsibility for any inaccuracy contained herein 11.19.196

F L O O R P L A N S

GSPublisherVersion 0.3.100.100

FLOOR PLANS /

ROOF PLAN

A.01.10NOT FOR CONSTRUCTION

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425 East 4th St. Unit ELong Beach

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Voice: (562) 450-0495Fax: (562) 436-5222

10/1/18

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7/6/201601

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122 sq ft

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9

10

11

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16 x

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1 2 3 4 5 6 7 8 9 10

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1,317 sq ft

(N) CMU WALL(SEE STRUCTURAL)

HB

(N) BOLLARDS (TYP.)

4"X2 1/2"X2 1/2FIRE DEPARTMENT

CONNECTION (F.D.C.)

(N) PLANTER (TYP.)

(N) COL.

(N) COL.

(N) COL.

(N) COL.

(N) 1HR RATED WALLAT STAIRCASE (TYP.)

(N) FIXED GATE (TYP.)

(N) 1HR RATEDWALL (TYP.)

(N) CLNG. OPENINGPROJECTION LINE

(N) SLIDING GATESFOR TRASH

ACCESS

3'-0" CLEAR WHENSLIDING GATES

FULLY OPEN

3'-0" CLEAR WHENSLIDING GATES

FULLY OPEN

W03W01

8" INTERIORDEMISING WALL

03

W05

W06

W07

(N) SLIDING GATESFOR SERVICE

ACCESS

(N) FIREEXTINGUISHER


SLOPE

2% MIN.

PL PL

PL PL

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AL

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RV

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SLOPE2% MAX.

0"

3'-0"

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CLEAR SPACE TOPROPERTY LINE

CLEAR

3'-0

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2% MAX.

(N) ASSEMBLYUNCONCENTRATED

GROSS AREA:OCCUPANCY: A

MAX. OCC.: 88 (1/15)



MAX. OCC.: 126 (1/15)

RA

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(N) COMMON AREA(STAIR, ENTRY.,

RAMP, LIFT SHAFT)

AREA:


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AREA:


RAMP, LIFT SHAFT)

AREA:

W0201

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AT TRASH BIN

(N) BOLLARDS (TYP.)

(N) RAMP AT2% MAX. FROM INTERIOR

LEVEL TO SIDEWALK

(E) COL.

(E) COL.

(E) COL.

(E) COL.

(E) COL.

(E) COL.

(E) COL.

(E) COL.

(E) COL.

(E) COL.

(E) COL.

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(N) STAIR TO2ND. FLOOR

(N) STAIR TO2ND FLOOR

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1,940 sq ft

247 sq ft

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1,372 sq ft


SANDBLAST ALL(E) WOOD TRUSSES,

CEILING JOISTS,CLEAN AND SEAL (TYP.)

SANDBLAST ALL(E) WOOD TRUSSES,

CEILING JOISTS,CLEAN AND SEAL (TYP.)


(N) GUARD RAILAROUND OPENING

PERIMETER AT42" MIN. AFF.

(N) FLOOR OPENING





W08 W09 W10 W11

P.O.T. TO P.R.W.FROM TOP OF

THE STAIR = 20'-0"

W13

W14

6" INTERIORDEMISING WALL

(E) WOOD TRUSSESABOVE (TYP.)



PL PL

PL PL

DN



MAX. OCC.: 129 (1/15)



MAX. OCC.: 92 (1/15)

(N) COMMON AREA(STAIR, CORR. LIFT SHAFT)

AREA:

3

A.05.10

P.O.T. TO P.R.W.FROM TOP OF

THE STAIRS = 48'-0"

W12

8

9

89

1

2

3

4

5

6

7

8

9

10

11

12

13

14

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EX

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OF DIAGONAL

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EX

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4

A.03.10

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S02

S03

S04

5-TON

5-TON

5-TON

5-TON

ROOF TRUSSBELOW

ROOF TRUSSBELOW

ROOF TRUSSBELOW

ROOF TRUSSBELOW

(N) HVAC CRICKETSAS REQUIRED (TYP.)


(E) ROOF DRAIN

3'-0"

12

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5/8

"

3'-0"

12

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0 5

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A-A

B-B

B-B

B-B

B-B

(E) ROOF DRAIN

(N) 4'X4' SKYLIGHTABOVE SLABOPENING






(E)

RO

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GE

DRAIN

DRAINDR

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DRAIN

DRAIN

DR

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DR

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DRAIN

DRAIN

DRAINDRAIN

DR

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DRAINDRAIN

DRAINDRAIN

DR

AIN

DR

AIN

(N) BUILT UP ROOF WITH R-19 INSULATIONRIDGID INSULATION (TYP.)

DR

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CONTINUE WITH THERUBBER ROOFON THE SIDE OF THEPARAPET WALL (TYP.)

ROOF RUBBER SHEETINGINSTALLED TO SLOPE 1:12TOWARD SPEC. DRAINS

PLYWOOD ROOF SHEETING(TYP.)

ROOF JOISTSSEE STRUCTURAL)

R-19 INSULATIONWIRED IN PLACE (TYP.)

EXISTING WALL PARAPETEXISTING WALL PARAPET

NOTES:

REPAIR ALL EXISTING DAMAGED WOODENCEILING JOISTS, BEAMS AND TRUSSES ASREQ'D. (SEE STRUCTURAL)

(E) EXTERIOR WALL

(N) INTERIOR 1HR RATEDDEMISING WALL

(N) 1HR RATED8" CMU WALL

±3

6"

(E)

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CONTINUE WITH THERUBBER ROOF

ON THE SIDE OF THEPARAPET WALL (TYP.)

ROOF RUBBER SHEETINGINSTALLED TO SLOPE 1:12

TOWARD SPEC. DRAINS

PLYWOOD ROOF SHEETING(TYP.)

ROOF JOISTSSEE STRUCTURAL)

R-19 INSULATIONWIRED IN PLACE (TYP.)

HVAC SCREENING AT 42" MIN.ABOVE ROOF LEVEL (TYP.)

EXISTING WALL PARAPETEXISTING WALL PARAPET

0 4' 8' 16'SCALE: 1/8" = 1'-0"11ST FLOOR PLAN

0 4' 8' 16'SCALE: 1/8" = 1'-0"22ND FLOOR PLAN

0 4' 8' 16'SCALE: 1/8" = 1'-0"3ROOF PLAN

0 1' 2' 3'SCALE: 3/4" = 1'-0"A-ASECTION AT ROOF PARAPET

0 1' 2' 3'SCALE: 3/4" = 1'-0"B-BSECTION AT HVAC SCREEN

LEGEND


F U T U R E D E V E L O P M E N T S

9th St

8th St

7th St

6th St

5th St

4th St

3rd St

1st St

26

27

28

14

29

30

20

6

5

15

21

410

31

1718

12

11

24

2

22

25

23

19

9

16

1

8

7

313

Mai

ne A

ve

Gol

den

Ave

Dai

sy A

ve

Mag

nolia

Ave

Ches

tnut

Ave

Ceda

r Ave

Paci

fic A

ve

Pine

Ave

S. P

ine

Ave

Gol

den

Shor

e

Locu

st A

ve

The

Prom

enad

e

Long

Bea

ch B

lvd

Elm

Ave

Lind

en A

ve

Atla

ntic

Ave

Lim

e A

ve

Oliv

e A

ve

Alam

itos A

veM

LK Jr

. Ave

Broadway

E Seaside Way

Ocean BlvdOcean Blvd

Shoreline Dr

Que

ensw

ay

Aquarium Way

W Seaside W ay

DEVELOPMENT PROPERTIES

OPPORTUNITY ZONES

Source: DLBA Economic Profile 2019

The Downtown Plan

Since 2012, the Downtown Plan has served as a comprehensive document that collects major projects in one place to showcase current progress and encourage further development of residences, office and retail spaces, restaurants, hotels, and jobs. The Downtown Plan Year-in-Review for 2019 was released in early 2019 and featured the most significant projects both completed and currently under construction. By incentivizing investors and developers, the Plan helps foster a more connected, more cultured, and more diverse DTLB.

Opportunity Zones As an important part of these efforts, the Qualified Opportunity Zone (QOZ) program was created by the 2017 Tax Cut and Jobs Act as a federal government initiative to incentivize providing property resources to low-income communities. The program allows investors to postpone and exempt federal taxes on capital gains by investing in property and businesses in federal census tracts designated as opportunity zones. Of the 19 census tracks identified as such in the City of Long Beach, Downtown Long Beach has five opportunity zones. While the program is still in its infancy, it does provide chances to direct new investments into properties and businesses in areas that have traditionally not had access to those resources.

RESIDENTIAL OFFICERETAIL /

COMMERCIALHOTEL

Expected Growth

2012-20355,000 1,500,000 480,000 800

Under Construction /

Approved1,787 578,927 52,852 34

Pending 1,276 0 31,680 0

Percent Under

Construction61% 39% 18% 4%

Source: City of Long Beach, "Downtown Plan Update 2018"

DEVELOPMENT PROGRESS UNDER DOWNTOWN PLAN


F U T U R E D E V E L O P M E N T S

1. Civic Center (580 units) $357 Million public-private partnership development providing a new library, expanded Lincoln Park, new headquarters for both City Hall and Port of Long Beach, mixed hotel/residential project

2. 507 Pacific Ave (134 Units) A 134-unit condominium project with commercial space. Under staff review.

3. Broadway/Magnolia (141 Units) A 7-story mixed-use development with 141 units and 3,650 SF retail and 226 parking spaces.

4. OceanAire (216 Units) A 7-story, 216 Unit mid-rise apartments. Expected Completion 2019.

5. AMLI Park Broadway (222 Units) A 7-story mixed-use residential development with 8,500 SF retail space. Expected Completion 2019.

6. Ocean Center Building (74 Units) Adaptive reuse of historic landmark Ocean Center Building into residential units and ground-floor retail restaurant space. Currently in the Plan Check process.

7. Shoreline Gateway (315 Units) A 35-story residential development with 315 units. Currently under construction.

8. 320 Alamitos (77 Units) A 7-story, 77-unit multifamily development.

9. Serenade Modern Flats (95 Units) A mixed-use residential development with retail space. Expected Completion 2019.

10. The Crest (112 Units) A 7-story mid-rise development with 122 units and covered parking spaces. Currently under construction.

11. The Linden (49 Units) A mixed-use project with apartment units over ground floor resident amenities and retail space. Expected Completion 2019.

12. The Alamitos (136 Units) An 8-story residential development with retail space. Currently under construction.

13. Westside Gateway (756 Units) An ambitious multi-building project, with a total of 756 residential units including a 40 story high-rise.

14. Long Beach Blvd Boutique Hotel A 34 room boutique hotel located near the Downtown Transit Mall.

15. The Pacific (163 Units) Mixed-use residential complex community spaces for tenants, pool deck, and fitness area. Currently under construction.

16. 825 E 7th Street (19 Units) A 5-story, 19-unit residential development

17. Residences at Linden (82 Units) A 7-story, 82-unit residential development. Site Plan has been approved.

18. Security Pacific National Bank Building (118 Rooms) Adaptive reuse to convert office space to hotel above the Federal Bar.

19. The Place at The Streets (20 Units) Residential units located above 5,220 SF of retail space.

20. 437 E 5th St (18 Units) A 20-unit mixed used residential development located in The Streets.

21. Ocean View Tower (106 Units) A 9-story, adaptive reuse project converting former Verizon office building into 106-unit condominiums. Currently under construction.

22. Pacific-Pine Project (271 Units) Two 8-story, 271 unit residential mid-rise developments including ground floor retail. Expected Completion 2020/2021

23. 810 Pine Ave (78 Units) A 78-unit, 10-story development. Currently under conceptual review.

24. 923 / 927 Long Beach Blvd (100 Units) A 100-unit residential development. Currently under staff review.

25. Pacific Lofts (36 Units) A 8-story, 36-unit multifamily development. Site Plan review has been approved.

26. 3rd & Pacific (345 units) Two residential buildings: one 18-stories and the second a 7-stories with a total of 345 units.

27. Inkwell (189 Units) A 5-story residential building with 189 units with retail and flex co-working space.

28. Aster (218 Units) A 5-story residential building with 218 units with retail, bike storage and co-working space.

29. Broadway Block (375 Units) Four block development comprised of 375 residentialunits, with creative office, retail and academic space.

30. Pine & Ocean Hotel (427 Rooms) A 427 room luxury hotel with pre-function and meeting rooms, restaurant, pool and sun deck.

31. The Breakers Hotel (185 Rooms) Renovation of an existing historic building into a luxury hotel with 185 standard rooms and suites. Currently under construction.

Sean Lieppman, CCIMSenior Associate | CalDRE# 01905266

Phone: (562)354-2528Email: [email protected]

Graham GillSenior Associate | CalDRE# 01903867


Noel AguirrePrincipal | CalDRE# 01263417



5 3 0 East Fourth StreetLong Beach, CA 90802

available for sale · the port of long beach is one of the world’s busiest seaports, a hub for...

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