434 E 3rd Street Active

Long Beach,CA 90802

$ 1400000

- Bed

- Bath

4842 SqFt


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

Originating Board Datashare California Regional

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.

Location

State CA

County Los Angeles

Interior

Fireplace No

Building

Water Public

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