Bixby Knolls Shops & Executive Offices

3970 Atlantic Avenue, Long Beach, CA 90807

Property Description

Price: $1,913,000
Price Per/SF: $215.28
Land Area: ±6,572 Square Feet
Cap Rate: 6.38% Current | 10.12% Pro Forma
Gross Leasable Area: ±8,886 Square Feet
Year Built: 1949

Investment Highlights

Rare Bite-Sized Opportunity in a High-Barrier-to-Entry Submarket

Attractive Value-Add Opportunity with a 10.12% Pro Forma Cap Rate | Several Month-to-Month Leases Allow for Immediate Access to Upside

Highly Prominent Billboard Signage Provides Excellent Visibility and an Additional Passive Income Stream

Rare Los Angeles County Asset with Value-Add Potential

  • Below Market Rents and Month-to-Month Leases Provide an Immediate Opportunity for Upside
  • Prime Bixby Knolls Location with Exceptional Visibility Along Atlantic Avenue
  • Executive Office Suites Create Multiple Options and Flexibility for Leasing

Prime Bixby Knolls Location

  • Positioned in Bixby Knolls, One of Long Beach’s Most Desirable Neighborhoods with Limited Supply
  • Excellent Exposure Along Atlantic Avenue, a Key North-South Thoroughfare Through Long Beach with Traffic Counts Exceeding 44,000 Cars Per Day at the Nearby Intersection

Strong Real Estate Fundamentals

  • Located Just One Mile from Interstate 405 Freeway and Two Miles from Interstate 710 Freeway, Providing Connectivity to Major Los Angeles County Markets
  • Dense, Infill Long Beach Trade Area with Over 657,000 Residents Within Five Miles
  • Average Household Incomes Exceed $102,000 Within the Immediate Trade Area

Contact Information

Ron Duong
Ron Duong
Senior Managing Director Investments
(949) 419-3233
[email protected]
License: CA 01438643

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