Long Beach, CA 90813,1665 Cota AVE
Long Beach, CA 90813,1665 Cota AVE
Long Beach, CA 90813,1665 Cota AVE
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$1,550,000
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3,293 Sqft Lot
Active

1665 Cota AVE Long Beach, CA 90813

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UPDATED:

09/30/2024 06:42 PM

Key Details

Property Type Commercial

Sub Type Warehouse

Listing Status Active

Purchase Type For Sale

MLS Listing ID PW24002185

HOA Y/N No

Year Built 1987

Lot Size 3,293 Sqft

Property Description

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.

Location

State CA

County Los Angeles

Area 11 - Westside

Interior

Fireplace No

Laundry None

Building

Lot Description 0-1 Unit/Acre

Story 1

Water Public

Others

Tax ID 7432001022

Acceptable Financing Cash to New Loan, 1031 Exchange, Owner May Carry

Listing Terms Cash to New Loan, 1031 Exchange, Owner May Carry

Special Listing Condition Short Sale


California Regional MLS (CRMLS)
Listed by Bret Lewis • Bret Lewis, Broker • 480-225-6616

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Jeff Underdahl

CEO/Team Leader | License ID: 01077484

+1(760) 271-8772

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1665 Cota AVE