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Listed by Shane Young • Younglewin Advisors, Inc.
$ 1,400,000
Est. payment /mo
Active
434 E 3rd Street Long Beach, CA 90802
4,842 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Comm Ind For Sale
Listing Status Active
Purchase Type For Sale
Square Footage 4,842 sqft
Price per Sqft $289
MLS Listing ID CRPW24225363
HOA Y/N No
Year Built 1950
Lot Size 5,658 Sqft
Property Sub-Type Comm Ind For Sale
Source Datashare California Regional
Property Description
We are pleased to present the opportunity to acquire 434 E 3rd Street, a versatile property that is in the heart of Downtown Long Beach's East Village Arts District. The property benefits from 18ft ceilings with exterior shear walls and onsite parking with a curb cut and roll-up garage. The property can be stabilized and leased as a rental, purchased for an owner user (which is its current use) or it can be entitled and developed into a multifamily or mixed use property. With the ability to divide the space into multiple units or raze the site, potential uses include retail, office, multifamily, mixed use, live/work lofts, and more. 434 E 3rd Street benefits from Long Beach's most desirable zoning - LBPD30. There is an 80ft height limit with a 4.0 FAR and no parking requirements. The property is also in an opportunity zone. It is rare to see such a low price point for properties situated on large lots in Downtown Long Beach's most desirable East Village Arts District.
Location
State CA
County Los Angeles
Interior
Fireplace No
Building
Water Public
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Sofia Gurevich
Real Estate & Mortgage Broker | License ID: CA DRE 01249163 I NMLS 287968