Value-add opportunity. 1434 E Broadway is located at within the Imperial Beach neighborhood of Long Beach. The property was originally built in 1917. This offering is an opportunity for an investor or owner/user to design and construct a dream space in this bustling neighborhood. Currently, the property's interior was completely gutted to the studs and ready for improvements to be constructed. No parking requirements for this property. In September 2022, the Governor signed Assembly Bill (AB) 2097, which prohibits a public agency from imposing or enforcing minimum vehicle parking requirements on any residential, commercial, or other development project that is within one-half mile of a Major Transit Stop, with some minor exceptions. The City of Long Beach has identified Metro A Line stations, as well as bus stops along Anaheim Street, PCH, Cherry Avenue, and Atlantic Avenue as major transit stops within the City Core plan area. Because these areas overlap with parking impacted communities, the City of Long Beach will monitor potential negative local impacts on parking as a result of the new policy, and invest in the active transportation and transit projects described previously to lessen the demand for parking.
MLS# | OC24115816 |
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Listing Type | For Sale |
Style | Retail |
Sub-Type | Resale |
Status | Active |
Year | 1917 |
Days On Site | 99 |
Listing Provided By | Roman Ciuni, Broker 213-842-1539 | Roman Ciuni |
SQ Feet | 3,311 |
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Story(s) | 1 |
Building(s) | 1 |
Acreage | 0.08 |
State | CA |
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County | Los Angeles |
City | Long Beach |
Zip Code | 90802 |
Area | 4 Downtown Area | Alamitos Beach |
Listing VS Median (in 90802) | |
Price: $980,000 low | high Med: $2,300,000 SqFt: 3,311 low | high Med: 7,122 $ / SqFt: $296 low | high Med: $323 On Site: 99 low | high Med: 10.000000 |