Active

1665 Cota Avenue

Long Beach CA, 90813

$1,550,000


$620.00 per sqft

Active

2,500 sqft

Commercial

Built in 1987

Listed by Bret Lewis with Bret Lewis, Broker 480-225-6616

Fully licensed and in operation Type-6 cannabis manufacturing and distribution. This sale offers the opportunity to purchase a licensed cannabis manufacturing and distribution facility in Long Beach, California. The property is currently operational, and an operator will be able to start production immediately upon transfer. RECENTTLY PASSED THE ANNUAL D.C.C. INPSECTION WITH ZERO CORRECTIONS! Seller financing may be available depending on the offer. The subject property comes with a 1% tax basis. Located at 1665 Cota Avenue has a state of California Adult-Use and Medicinal annual Type 6 Manufacturing license as well as a Type 11 Distribution license. Whether you have an established operation or a startup company, this facility offers a turnkey solution for operating in the Southern California market. The City of Long Beach offers a desirable location for operating a cannabis business. The city is geographically positioned central to Los Angeles and Orange Counties. Drivetime to anywhere in the two counties is typically one hour or less. The facility consists of a 2,500 square foot structure on a 3,291 square foot lot. The building is configured with numerous utility rooms, and an ADA restroom, providing a functional space of operation. The property is licensed with a limited Type 6 Manufacturing License and a Type 11 Distribution License. The Type 6 Manufacturing License permits for extraction with non-volatile solvents, manufacturing operations, including formulation, pen filling, joint rolling and more. The permitted operations under the license can be expanded upon. Current ownership has architectural plans for building out a type 7 extraction with volatile solvents. The Type 11 Distribution License allows for transport of products. The site is located at 16th and Cota Street in West Long Beach. For out of state operators, this facility offers a turnkey expansion opportunity into the California market. The property provides for a functional manufacturing facility and a secure distribution hub. On-site parking at 1.2/1000 SF. The property provides a reasonably-priced opportunity to start operations immediately, and the ability to expand the operations if/when desired. Currently rented for $7500/month. Licenses available but sold separately from real estate. The business itself is not for sale.

PW24002185

MLS ID

January 4, 2024

Listed

October 17, 2024

Updated

Map

1665 Cota Avenue
Long Beach CA, 90813

Interior Features

Total Stories

1


Laundry Description

None


Fireplace

No


Cooling

No


Heating

No

Exterior/Building Features

Lot Size

0.08 Acres


Lot Features

0-1 Unit/Acre

Other Property Details

Area Name

11 - Westside


Days on Market

222


Garage

No


View

No


County

Los Angeles


Water Source

Public


Pool

No

Listing History

Date

Event

Price

2/21/2024

Price change

$1,550,000

82%

Listing Contact: 562-726-2515 

Based on information from the California Regional Multiple Listing Service (CRMLS) as of 10/17/2024. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.

©2024 California Regional Multiple Listing Service (CRMLS) all rights reserved.

Data last updated on 10/17/2024 at 8:29 PM UTC

 

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