Search commercial real estate for sale in Long Beach, CA with real estate experts, The Elmer Team.
The Long Beach housing market is moderately competitive. On average, homes in Long Beach receive three offers and sell in approximately 57 days. Last month, the median home sale price was $795K, reflecting a 0.62% decline from the previous year. Meanwhile, the median price per square foot remains steady at $607.
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Long Beach boasts a robust and diverse economy, driven by its strategic location and well-developed infrastructure. The city is home to the Port of Long Beach, one of the busiest ports in the world, which significantly contributes to the local economy by facilitating international trade. This port, along with the adjacent Port of Los Angeles, creates a massive logistics and transportation hub, attracting numerous businesses involved in shipping, freight, and logistics. Additionally, Long Beach has a growing presence in the aerospace, technology, and healthcare sectors, making it an attractive destination for various types of commercial real estate investments. The economic diversity and stability offer businesses a reliable environment for growth and expansion, making commercial properties in Long Beach a sound investment.
Long Beach’s location within the greater Los Angeles metropolitan area provides unparalleled connectivity and accessibility. It is conveniently situated near major highways such as the I-710, I-405, and I-605, facilitating easy access to other parts of Southern California. The city's well-developed transportation infrastructure includes a major airport, the Long Beach Airport (LGB), which connects to numerous domestic destinations. Public transportation options, including the Metro Blue Line light rail, offer efficient transit solutions within the city and to neighboring areas. This strategic location and connectivity make Long Beach a prime spot for businesses looking to reach a large customer base, access a broad labor market, and enjoy logistical advantages, enhancing the appeal of commercial real estate in the area.
Long Beach offers a high quality of life, which attracts both residents and businesses. The city features a mix of urban amenities and natural beauty, including a stunning coastline, recreational parks, and cultural attractions such as the Long Beach Museum of Art and the Aquarium of the Pacific. The presence of California State University, Long Beach, provides a steady influx of educated talent, fostering innovation and contributing to a dynamic workforce. The city’s commitment to sustainability and green initiatives also makes it an appealing place for environmentally conscious businesses. Furthermore, Long Beach’s diverse and inclusive community creates a vibrant atmosphere, which is beneficial for businesses aiming to attract and retain top talent. The combination of a thriving local culture, excellent amenities, and a strong educational presence makes investing in commercial real estate in Long Beach a wise choice for businesses seeking long-term success.
Investing in commercial real estate in Long Beach, CA, presents exciting opportunities, but it’s crucial to make informed decisions. Whether you're looking for office space, retail storefronts, or industrial properties, considering these key factors will help ensure a successful investment. If you need more details or want to schedule a showing, feel free to reach out.
Long Beach is a diverse and dynamic market with distinct commercial districts, each offering unique advantages. The area you choose will significantly impact your property’s profitability. Consider proximity to major highways, public transit, and key business hubs like Downtown Long Beach, Belmont Shore, or the Port of Long Beach. High-foot-traffic areas are ideal for retail and restaurants, while industrial spaces benefit from easy port access. Research market trends and vacancy rates in different neighborhoods to gauge demand before committing.
Not all commercial properties can be used for every business type. Long Beach has specific zoning laws that dictate whether a property is suitable for retail, office, industrial, or mixed-use purposes. Before making a purchase, verify zoning regulations with the Long Beach Planning Bureau to ensure the property aligns with your intended business or investment strategy. If you’re considering renovations or repurposing the space, check for potential restrictions and permit requirements to avoid costly surprises.
The physical state of the property can have a major impact on both initial costs and long-term profitability. Conduct a thorough inspection to assess the building’s structural integrity, electrical systems, plumbing, and HVAC units. Older properties in Long Beach, particularly in historic districts, may require updates to meet modern building codes. Factor in renovation costs, potential environmental concerns (such as asbestos or earthquake retrofitting), and any compliance issues before finalizing your purchase.
Evaluate the property’s ability to generate income, whether through leasing to tenants or operating your own business. Key metrics like cap rate, cash flow, and vacancy rates will help you assess the financial viability of your investment. Long Beach has strong rental demand for certain commercial spaces, but location and property type play a critical role. Compare rental rates in the area, look at the historical appreciation of commercial properties, and calculate your expected return before making a decision.
Securing financing for a commercial property often involves different requirements than residential loans. Understand your mortgage options, down payment requirements, and potential financing hurdles before starting the buying process. Additionally, factor in ongoing costs such as property taxes, insurance, maintenance, and HOA fees (if applicable). Long Beach’s commercial market has a range of financing solutions, including SBA loans and commercial mortgages, which can impact your investment strategy.
Whether you have questions or are ready to invest in the thriving commercial real estate market of Long Beach, CA, our expert team is here to assist you every step of the way. Don't miss out on this dynamic and strategic location—reach out to us now to explore your options and secure your future in Long Beach!
Curious about what makes Long Beach, CA, so unique? From the historic Queen Mary to the tranquil gardens of Naples, every corner of Long Beach tells a story. Whether you’re a history buff, a beach lover, or someone who enjoys a vibrant nightlife, our comprehensive Neighborhood Guide is your key to uncovering the treasures of Long Beach.
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