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406 E 1st St 3,750 SF 33% Leased Retail Building Long Beach, CA 90802 $2,353,752 CAD ($627.67 CAD/SF) 5.18% Cap Rate
Investment Highlights
- Three-tenant retail investment in the heart of Downtown Long Beach's East Village Arts District
- Modified gross leases with limited landlord responsibilities
- Strong pedestrian traffic, an established restaurant corridor
Executive Summary
Located in the heart of Downtown Long Beach's East Village Arts District, this property is a three-tenant retail property featuring two occupied retail suites and one vacant suite, providing immediate value-add potential through lease-up or owner- user opportunity.
The property benefits from strong pedestrian traffic, an established restaurant corridor, and flexible PD-30 Downtown Plan zoning.
$3000/mo lease option with 3-year minimum term.
The property benefits from strong pedestrian traffic, an established restaurant corridor, and flexible PD-30 Downtown Plan zoning.
$3000/mo lease option with 3-year minimum term.
Data Room Click Here to Access
- Offering Memorandum
Financial Summary (Pro Forma - 2026) Click Here to Access |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Pro Forma - 2026) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Sale Type
Investment or Owner User
Sale Conditions
Property Type
Retail
Property Subtype
Building Size
3,750 SF
Building Class
C
Year Built
1920
Price
$2,353,752 CAD
Price Per SF
$627.67 CAD
Cap Rate
5.18%
NOI
$121,841 CAD
Percent Leased
33%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.96
Lot Size
0.09 AC
Zoning
PD, Long Beach - PD-30 Downtown Plan: Flexible mixed-use zoning allowing retail, office, restaurant & commercial uses, subject to City approval.
Frontage
50’ on E 1st St
Amenities
- Signage
- Tenant Controlled HVAC
- Air Conditioning
Major Tenants Click Here to Access
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
- Clay Ceramics Studio
- Arts, Entertainment, and Recreation
-
99,999 SF
-
$9.99
-
Lorem Ipsum
- -
- Owner/ User
- -
-
99,999 SF
- -
- -
- -
- WA WA Restaurant
- Accommodation and Food Services
-
99,999 SF
-
$9.99
-
Lorem Ipsum
- -
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
| Clay Ceramics Studio | Arts, Entertainment, and Recreation | 99,999 SF | $9.99 | Lorem Ipsum | - | |
| Owner/ User | - | 99,999 SF | - | - | - | |
| WA WA Restaurant | Accommodation and Food Services | 99,999 SF | $9.99 | Lorem Ipsum | - |
Space Availability
- Space
- Size
- Space Use
- Position
- Available
Located in the heart of Downtown Long Beach's East Village Arts District, this property is a three-tenant retail property featuring two occupied retail suites and one vacant suite, providing immediate value-add potential through lease-up or owner- user opportunity.
| Space | Size | Space Use | Position | Available |
| 1st Floor | 1,250 SF | Retail | - | Now |
1st Floor
| Size |
| 1,250 SF |
| Space Use |
| Retail |
| Position |
| - |
| Available |
| Now |
1st Floor
| Size | 1,250 SF |
| Space Use | Retail |
| Position | - |
| Available | Now |
Located in the heart of Downtown Long Beach's East Village Arts District, this property is a three-tenant retail property featuring two occupied retail suites and one vacant suite, providing immediate value-add potential through lease-up or owner- user opportunity.
Exceptionally walkable
90/100
Moderately drivable
70/100
Strong public transit
80/100
Moderately bikeable
70/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 7281-025-003 | Total Assessment | $1,299,229 CAD (2025) |
| Land Assessment | $962,397 CAD (2025) | Annual Taxes | -$1 CAD ($0.00 CAD/SF) |
| Improvements Assessment | $336,831 CAD (2025) | Tax Year | 2026 |
Property Taxes
Parcel Number
7281-025-003
Land Assessment
$962,397 CAD (2025)
Improvements Assessment
$336,831 CAD (2025)
Total Assessment
$1,299,229 CAD (2025)
Annual Taxes
-$1 CAD ($0.00 CAD/SF)
Tax Year
2026
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Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
Presented by
Angela Pirtle Realty
406 E 1st St
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