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JLee Broker

[email protected] +1(650) 857-1000

Listed by Matthew Firth, DRE #01903073 • Matthew Firth, Broker

$7,400,000

Est. payment - /mo

8,767 Sqft Lot

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UPDATED:

Key Details

Property Type Commercial

Listing Status Active

Purchase Type For Sale

MLS Listing ID CRPW26023461

Style Spanish

Year Built 2025

Lot Size 8,767 Sqft

Source California Regional MLS

Property Description

Introducing Pike Manor in the heart of Retro Row, one of Long Beach's most dynamic and supply-constrained coastal neighborhoods. Originally re-constructed in 2023 with two additional ground-up units completed in 2025, the property offers investors an institutional-quality Class A asset with strong in-place cash flow at a significant discount to Class A institutional assets. The property is 100% leased to a high-credit tenant base and operates at a 5.13% CAP rate at approximately $487 per sf, a basis significantly below replacement cost for comparable new coastal construction. Pike Manor has undergone an extensive top-to-bottom redevelopment, including 100% all new building infrastructure, including plumbing, sewer and water lines, gas lines, electrical systems, subpanels, meters, mechanical systems, roofing, windows, doors, façade improvements, hardscape, and landscaping. The property was rebuilt post-Title 24 standards and was designed to minimize future capital expenditure risk while creating operational efficiency through separate gas and electric metering, rooftop solar, drought-tolerant landscaping, and high-efficiency systems throughout. All units feature premium modern interiors with quartz countertops, European-style cabinetry, designer fixtures, Energy Star

Location

State CA

County Los Angeles

Area 4 - Downtown Area, Alamitos Beach

Rooms

Kitchen Ice Maker, Dishwasher, Freezer, Garbage Disposal, Hood Over Range, Microwave, Other, Oven Range - Gas, Refrigerator, Oven - Gas

Interior

Heating Gas, Wall Furnace

Cooling Window / Wall Unit

Laundry Washer, Dryer

Exterior

Parking Features Gate / Door Opener

Garage Spaces 8.0

Pool 31, None

View Local/Neighborhood

Building

Story One Story

Water District - Public

Architectural Style Spanish

Others

Tax ID 7266026036

Special Listing Condition Not Applicable

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JLee Broker

+1(650) 857-1000

Broker | License ID: 00851314

Broker License ID: 00851314

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1827 E 4th ST Long Beach, CA 90802

JLee Broker

Key Details

Location

Rooms

Interior

Exterior

Building

Others

Nearby School & Business

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