Water Views
Address
5108 E 2nd Street Long Beach, CA
Price
$ 5,250,000
Property Attributes
  • MLS#PW21050713
  • TypeCommercial
  • CountyLOS ANGELES
  • CityLong Beach
  • AreaBelmont Shore-Park - Naples - Marina Pac - Bay Hrb
  • Zip90803
  • StyleRetail
  • Year Built1930
  • Taxes6766
  • Price$ 5,250,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Lot Size4,792 SqFt
Listing Provided Courtesy Of:
Michael Robinson with Broadmoor Realty, Inc..
Data Source:
CRMLS
Property Description

One of SoCal's most trendy shopping and dining areas is the famous strip on East Second Street in Long Beach's very exclusive Belmont Shore. The Shore sits across the bridge from beautiful Naples Island, with its roads winding along canals that open into amazing Alamitos Bay. East Second Street has uncomparable historic charm, eclectic restaurants, shops, bars, a public library (with full water view!), and a classic brick active fire station (check out the brass pole in there!). The Shore is simply one of the best places to live, work, eat and shop in California, and, along with La Jolla in San Diego, has one of the best climates in the world. This valuable property has been in the Seller's family for many years and is now offered for sale for estate purposes. It is located in perhaps the most prime location on Second Street- pretty much in the middle and it sits between Rite Aid (one of the few big corporate tenants in the Shore) and Panama Joes (probably the most popular restaurant and bar in the Shore). There are three stores total, with five tenants total since Panama Joes rents the back part of the Barber Shop, and there is an income-producing billboard included. A very large, block-wide, City-owned parking lot directly behind the property. This property is a rare, valuable classic addition to a person's real estate portfolio and is a perfect exchange upleg.

Price History
3/21/2021 Listed $5,250,000

General Features

MLS Area 1 - Belmont Shore/Park, Naples, Marina Pac, Bay Hrbr
Property SubType Retail
Property Type Commercial Sale
Terms Cash, Cash to New Loan
Total Units 5

Interior Features

Laundry Features None

Exterior Features

Lot Features Rectangular Lot, Street Level
Lot Size Acres 0.11
Lot Size Area 4804
Lot Size Source Assessor
Lot Size Square Feet 4804
Lot Size Units Square Feet
Number of Buildings 1
Water Source Public

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Zip Code Average in 90803

Price
AVG $3.81M
$5.25M
Taxes
AVG $6,766
$6,766
Visits
AVG 138
35
Year Built
AVG 1930
1930
Walkscore
AVG 91
96
Data Provided by Walkscore ® not using MLS data

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