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1665 Cota Ave, Long Beach, CA 90813
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1665 Cota Ave Long Beach, CA 90813

$1,550,000
  • -- Beds
  • -- Baths
  • 2,500 Sq.Ft.
For Sale
$1,550,000 Get Pre-Qualified
Map preview of 1665 Cota Ave, Long Beach, CA 90813

Property Overview: 1665 Cota Ave Long Beach, CA has -- bedrooms, -- bathrooms, 2,500 living square feet and 3,292 square feet lot size. Call an Ardent Real Estate Group agent to verify current availability of this home or with any questions you may have.

Agent Remarks: 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.

Listed by Bret Lewis | BRE #01872524 | Bret Lewis, Broker
Last checked: 16 minutes ago | Last updated: February 21st, 2024 | Source CRMLS | DOM: 105
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Home details

Lot Sq. Ft
3,292
HOA Dues
$0/mo
Year built
1987
Garage
--
Property Type:
Warehouse
Status
Active
MLS#
PW24002185
City
Long Beach
County
Los Angeles
Time on Site
120 days
Property Unit Breakdown
Unit Mix Summary
  • Total # of Units: --
  • Total # of Buildings: 1
Property Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: --
  • Net Operating Income: --
  • Gross Operating Income: --
Annual Expense Breakdown
  • Total Operating Expense: --

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Property Details for 1665 Cota Ave

Interior Features
Laundry Information
  • None
Lot Details / Garage and Parking
Lot Information
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Parcel Number: 7432001022
  • Year Built Source: Seller
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Water Source: Public
Location / Neighborhood
Location Information
  • Directions: Santa Fe and PCH: Head South on Santa Fe, West (R) on Cota
View more facts & features

Local Long Beach Agent

Sale History for 1665 Cota Ave

Last sold for $750,000 on November 28th, 2017

  • January, 2024

  • Jan 4, 2024

    Date

    Active

    CRMLS: PW24002185

    $849,000

    Price

  • January, 2024

  • Jan 3, 2024

    Date

    Canceled

    CRMLS: PW23170654

    $999,000

    Price

  • Sep 19, 2023

    Date

    Active

    CRMLS: PW23170654

    $1,199,000

    Price

  • Listing provided courtesy of CRMLS

  • January, 2022

  • Jan 12, 2022

    Date

    Expired

    CRMLS: PW21222389

    $2,990,000

    Price

  • Nov 3, 2021

    Date

    Active

    CRMLS: PW21222389

    $2,990,000

    Price

  • Listing provided courtesy of CRMLS

    Fully licensed and in operation Type-6 cannabis manufacturing and distribution. Never previously offered for sale. 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. Seller financing is available. The subject property, 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 City of Long Beach provides a business-friendly place of operation. The city has been a front-runner in establishing cannabis policies and promoting operations. The city recently reduced the cannabis business tax to 1%. 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. Basic manufacturing operations can be expanded upon if desired. The property provides a reasonably-priced opportunity to start operations immediately, and the ability to expand the operations if/when desired.

  • November, 2017

  • Nov 28, 2017

    Date

    Sold (Public Records)

    Public Records

    $750,000

    Price

  • April, 1998

  • Apr 6, 1998

    Date

    Sold (Public Records)

    Public Records

    $115,000

    Price

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Tax History for 1665 Cota Ave

Assessed Value (2020): $780,300
Year Land Value Improved Value Assessed Value
2020 $280,908 $499,392 $780,300

Home Value Compared to the Market

This property vs the competition

1665 Cota Ave is listed 93.77% higher than the median list price for the city of Long Beach which has a median list price of $799,900. The median price per/sqft for Long Beach is $644 and this home is listed at $620 per/sqft which puts the price per square foot 3.73% lower than the median price per square foot for the city of Long Beach.

About 1665 Cota Ave

Detailed summary of property

1665 Cota Ave is a warehouse located in Long Beach, CA 90813 and is currently for sale. This warehouse offers -- bedrooms, -- bathrooms, roughly 2,500 living square feet, and sits on an approximately 3,292 square foot lot. 1665 Cota Ave was first listed on ArdentRealEstateGroup.com on January 4, 2024. The homeowner is currently asking $1,550,000 and was originally asking $849,000. The median priced home in Long Beach is $799,900 with a median price per square foot of $644. Based on Ardent Real Estate Group's Long Beach Market Data, this home is listed 93.77% higher than the median priced home. Local competing homes currently for sale include 8801 S Vermont Ave, 726 W 76th St and 9504 Telegraph Rd. While the average home in Long Beach, CA is selling in 54 days, 1665 Cota Ave has a days on market of 105 days. There are currently 610 homes for sale in the Long Beach real estate market and 349 of them are single family homes while 248 of them are condos and 13 are townhomes. For more information on this home for sale at 1665 Cota Ave Long Beach, CA 90813 contact Ardent Real Estate Group and we will put you in touch with one of our Long Beach agents.

Public Facts for 1665 Cota Ave

Public county record property details
Beds
--
Baths
--
Year built
1987
Sq. Ft.
2,500
Lot Size
3,291
Stories
1
Type
Warehouse (Industrial)
Pool
No
Spa
No
County
Los Angeles
Lot#
39
APN
7432-001-022

The source for these homes facts are from public records.

90813 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$695,000
Median List Price/Sq.Ft.
$546
Median Sold Price
$584,000
Median Sold Price/Sq.Ft.
$592
Total Inventory
28
Median Sale to List Price %
108.35%
Avg Days on Market
23
Loan Type
Conventional (80%), FHA (10%), VA (10%), Cash (0%), Other (0%)

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Based on information from California Regional Multiple Listing Service, Inc. as of 2019. 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, 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.

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