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$1,400,000
Est. payment /mo
5,658 Sqft Lot
UPDATED:
12/05/2024 05:04 AM
Key Details
Property Type Commercial
Sub Type Industrial
Listing Status Active
Purchase Type For Sale
MLS Listing ID PW24225363
HOA Y/N No
Year Built 1950
Lot Size 5,658 Sqft
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.
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
Area 4 - Downtown Area, Alamitos Beach
Zoning PD30
Interior
Fireplace No
Laundry Inside
Exterior
Present Use Commercial,Residential,Storage
Building
Lot Description Corner Lot
Story 1
Water Public
Others
Tax ID 7281016001
Special Listing Condition Standard
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Listed by Shane Young • Younglewin Advisors, Inc. • 562-556-1118