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LONG BEACH, CALIF. – An Arco AM/PM service station in Long Beach has sold to Kanak LLC for $3 million. The acquisition included the service station, a 2,900-square-foot convenience store and a 600-square-foot laundromat that contains an additional 500 square feet of space that is available for lease. This all resides on an 18,748-square-foot lot. The property is located at 1001 Redondo Ave. Kanak plans to operate all of the businesses. The sale was financed with a $2-million SBA loan from Hamni Bank. Mark Konopaske and Tim Kwak of Lee & Associates-Investment Services Group represented both the buyer and the seller in this transaction.