Rare Value-Add Opportunity: Urban Mixed-Use 130 Pine Ave 35,065 SF 25% Leased Office Building Long Beach, CA 90802 For Sale

Pegasus Investments Real Estate Advisory, as exclusive representative of the Seller, is pleased to present the fee simple interest in a ± 35,065 SF mixed-use office and retail property located at 130 Pine Avenue in Downtown Long Beach, California (the “Property”). The Property is situated along Pine Avenue, the city’s primary entertainment and commercial corridor, and within proximity to the Long Beach Convention Center. The building features ground-floor retail and restaurant space, including an elevator-served basement, with multiple levels of office above, allowing for a broad range of commercial uses including retail, restaurant, office, medical, and fitness.
The Property includes an existing restaurant build-out with a full liquor license at the ground level, while the upper floors offer functional office layouts suitable for professional and creative users. Tuchsher Engineering Group occupies the entire third-floor office, providing in-place tenancy and income continuity. Remaining space within the building offers leasing and repositioning potential consistent with Downtown Long Beach demand and the Property’s mixed-use configuration.
130 Pine Avenue benefits from its central location within Downtown Long Beach’s established business, entertainment, and tourism district. The Property is surrounded by major demand drivers including the Long Beach Convention Center, The Pike Outlets, Aquarium of the Pacific, Fairmont Breakers Hotel, and a dense concentration of multifamily residential developments. Downtown Long Beach also serves as a key employment and transportation hub within Los Angeles County, supported by regional transit connectivity, port-related commerce, and a diverse economic base. These factors collectively support long-term tenant demand and reinforce the Property’s position as a well-located urban infill investment.