Active

1028 E 21st St

Long Beach CA, 90806

$1,512,560/month


$365.00 per sqft

Active

1 Bath

4,144 sqft

Residential

Built in 1927

THE PROPERTY: DWG Capital Group is pleased to present For Sale or For Lease, a 4,144 sf Industrial building close to the Port of Long Beach and the Long Beach Airport. The building sits on a 4,201 sf (0.10 acre) lot, perfect for supporting shipping/receiving, indoor storage, manufacturing, or distribution. The impressive property features a recently updated bowtruss ceiling, a fresh coat of interior and exterior paint, as well as two roll-up door drive ins (12'w x 10'h). The site is an excellent opportunity for an owner/user to establish a new creative office. THE MARKET: Long Beach is a coastal city that offers more than just a port complex. The port complex is a major industry driver and the Southern California port complex handles nearly one-third of all U.S. cargo volume. The proximity to the Southern California port complex drives a significant portion of tenant demand. That demand, coupled with a strong manufacturing base in Southern California, supports strong market fundamentals. Vacancy rates are historically low at 4.2% and market grent growth is up to approximately $20-25/SF pulling cap rates down to an average of 4% and approximately $400/SF. Sales activity in recent quarters has been strong and demonstrates ample investor demand for industrial properties in the area. THE LOCATION: Long Beach is a coastal city that offers more than just a port complex. It is the second-largest city in Los Angeles County by population and has a vibrant downtown area that is connected to the region's Metro light rail system. The downtown area has a large convention center, significant multifamily and hotel development, and retail attractions that draw from across the metro. Nevertheless, the port complex is a major industry driver and the Southern California port complex handles nearly one-third of all U.S. cargo volume.

23-330187

MLS ID

November 8, 2023

Listed

July 13, 2024

Updated

Map

1028 E 21st St
Long Beach CA, 90806

Interior Features

Total Stories

1


Total Bathrooms

1


Full Bathrooms

1


Appliances

None


Laundry Description

None


Floor Description

Cement


Fireplace

No


Fireplace Description

None


Cooling

No


Cooling Description

None


Heating

No


Heating Description

None

Exterior/Building Features

Lot Size

0.1 Acres


Architectual Style

Modern

Other Property Details

Area Name

Poly High


Days on Market

203


Association Amenities

None


Garage

No


Parking

Uncovered, Public


Parking Total

2


View

No


View Description

None


County

Los Angeles


Pool

No


Pool Features

None


Zoning

LBR1N

Listed by John 'Judd' Dunning with John Barker Dunning
Listing Contact: 310-261-8428 

Based on information from The MLSTM / Combined LA/Westside Multiple Listing Service, Inc. IDX information is provided exclusively for consumers' personal, non-commercial use, it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information is deemed reliable but not guaranteed and should be independently reviewed and verified. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. All properties are subject to prior sale, change or withdrawal, and may or may not be listed by the office/agent presenting the information. Neither listing broker(s) nor Brian Maser | CA DRE# 1340306 shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. 

©2024 Combined L.A./Westside MLS. All rights reserved.

Data last updated 7/13/2024

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