Home | Los Angeles County | Long Beach | 90802 | 601 Pine Avenue
MLS: CRPW26228166 | Status: | Price: $3,995,000
Beds/Baths: – / –
Property Type: Residential Income
| Beds | Baths | Sq Ft | Sq Ft Lot | Yr Built |
|---|---|---|---|---|
| – | – | – | 17,506 | 1926 |
601 Pine Avenue presents a rare value-add opportunity to acquire a substantial historic commercial property in the heart of Downtown Long Beach at an exceptionally low basis of $3,995,000, or approximately $95 per SF. The property consists of an approximately 42,321 SF freestanding commercial building situated on approximately 17,502 SF of land and was formerly occupied by Rite Aid. The building offers a flexible multi-level layout suitable for retail, storage, showroom, fitness, office, creative, or other commercial uses, subject to applicable approvals, and presents multiple potential strategies for an owner-user, investor, or developer. Rite Aid historically utilized the property as a multi-level retail department store, with retail operations extending throughout multiple levels of the building. More recently, the ground floor was used for active retail sales, while the basement, mezzanine, second floor, and third floor were used primarily for inventory storage and support uses. The approximately 2,236 SF mezzanine is believed not to be included in the stated approximately 42,321 SF building area, and the rooftop may offer additional amenity potential, subject to approvals. The building is currently vacant, allowing a purchaser to occupy all or a portion of the property, l
| Field | Value |
|---|---|
| MLS # | CRPW26228166 |
| MLS Source | California Regional MLS |
| Days on Site | 1 |
| Feature | Details |
|---|---|
| Laundry | None |
| Feature | Details |
|---|---|
| Garage/Parking | No Parking, Garage: 0 Car(s) |
Sheva Hosseinzadeh
Coldwell Banker Commercial
License #: 01922147
Phone: –
| # Buildings | # Leased Units | # Total Units |
|---|---|---|
| 1 | – | – |
School data provided by GreatSchools.org
| School | Type | Grades | Distance | Rating |
|---|---|---|---|---|
| International Elementary School | public | K-5 | 0.15 mi | 5 |
| Renaissance High School For The Arts | public | 9-12 | 0.25 mi | 8 |
| Edison Elementary School | public | K-5 | 0.47 mi | 3 |
| Stevenson Elementary School | public | K-5 | 0.50 mi | 5 |
| Chavez Elementary School | public | K-5 | 0.58 mi | 6 |
| Franklin Classical Middle School | public | 6-8 | 0.91 mi | 4 |
| Roosevelt Elementary School | public | K-5 | 0.92 mi | 5 |
| Lincoln Elementary School | public | K-5 | 1.02 mi | 7 |
| Polytechnic High School | public | 9-12 | 1.04 mi | 7 |
| Educational Partnership High School | public | 9-12 | 1.04 mi | 3 |
| Whittier Elementary School | public | K-5 | 1.54 mi | 5 |
| Burbank Elementary School | public | K-5 | 1.62 mi | 7 |
| Burnett Elementary School | public | K-5 | 1.67 mi | 4 |
| Robinson Academy | public | K-8 | 1.69 mi | 5 |
| Washington Middle School | public | 6-8 | 1.69 mi | 4 |
| Jessie Nelson Academy | public | 6-8 | 1.88 mi | 3 |
| Cabrillo High School | public | 9-12 | 1.90 mi | 3 |
| Lafayette Elementary School | public | K-5 | 1.91 mi | 5 |
| Garfield Elementary School | public | K-5 | 1.96 mi | 5 |
| Alvarado Elementary School | public | K-5 | 1.98 mi | 9 |
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This listing information is up-to-date as of October 22, 2026. For the most current information, please contact Sheva Hosseinzadeh.