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1028 E 21st Street

Long Beach, CA 90806
  • $1,512,560/mo.
  • STATUS: Active
  • ON SITE: 256 Days
  • ID#: 23330187
Rental
UPDATED: 174 min ago
$1,512,560/mo.
Rental
  • 0
    BEDS
  • 0.1
    ACRES
  • 1
    BATHS
  • 0
    1/2 BATHS
  • 4,144
    SQFT
Neighborhood:
Type:
Rentals
Built:
1927
County:

School Ratings & Info

Listing Agent(s): John 'Judd' Dunning of John Barker Dunning (310-261-8428)


Description

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.



Based on information from California Regional Multiple Listing Service, Inc. as of 2024-07-22T00:29:06.837. 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 deemed reliable but is not guaranteed accurate by the MLS or Team Tami | Palm Realty Boutique. Licensed in the State of California, USA.
www.playavistaliving.com/homes/145108881
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1028 E 21st Street Long Beach, CA 90806

  • Price: $1,512,560/mo.
  • Status: Active
  • On Site: 256 Days
  • Updated: 174 min ago
  • ID#: 23330187
0
Beds
1
Baths
0
½ Baths
0.1
Acres
4,144
SQFT
1927
Built
Neighborhood:
9 - Poly High
County:
Los Angeles
Area:
9 - Poly High
Property Description
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.
Exterior Features

Architectural Style Modern Construction Materials BrickConcrete Direction Faces North Entry Level 1 Entry Location Main Level Fencing None Foundation Details Slab Parking Features PublicUncovered Parking Total 2 Patio And Porch Features None Pool Features None Pool Private YN No Sign On Property YN Yes Spa Features None Spa YN No View None View YN No

Interior Features

Cooling None Cooling YN No Fireplace Features None Fireplace YN No Furnished Unfurnished Heating None Heating YN No Interior Features LoftWorkshop

Property Features

Additional Parcels YN No Association YN No Laundry Features None Levels One Listing Agreement Seller Reserved Listing Service Full Service New Construction YN No Pets Allowed Call Property Condition Updated/Remodeled Rent Control YN No Senior Community YN No Tenant Pays Cable TVElectricityExterior MaintenanceGas Zoning LBR1N



Based on information from California Regional Multiple Listing Service, Inc. as of 2024-07-22T00:29:06.837. 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 deemed reliable but is not guaranteed accurate by the MLS or Team Tami | Palm Realty Boutique. Licensed in the State of California, USA.
 
https://bt-photos.global.ssl.fastly.net/socal/orig_boomver_1_372133122-3.jpg https://bt-photos.global.ssl.fastly.net/socal/orig_boomver_1_372133122-3.jpg https://bt-photos.global.ssl.fastly.net/socal/orig_boomver_1_372133122-3.jpg
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Team Tami | Palm Realty Boutique
323 Culver Blvd.
Playa del Rey CA, 90293
Listing Agent(s): John 'Judd' Dunning of John Barker Dunning (310-261-8428)