434 E 3rd Street , Long Beach, CA 90802
Long Beach, CA 90802
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.
Details
| Mls | PW24225363 |
|---|---|
| Listing Type | For Sale |
| Style | Industrial |
| Subtype | Resale |
| Status | Active |
| Year | 1950 |
| Days On Site | 37 |
| Listing Provided By | Younglewin Advisors, Inc. 562-318-0215 | Shane Young |
Features
| Sq Feet | 4,842 |
|---|---|
| Storys | 1 |
| Zoning | PD30 |
| Acreage | 0.13 |
Market Activity 90802
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Learn More About This Property
| State | CA |
|---|---|
| County | Los Angeles |
| City | Long Beach |
| Zip Code | 90802 |
| Area | 4 Downtown Area | Alamitos Beach |
| Listing VS Median (in 90802) | |
Price: $1,400,000 low | high Med: $2,275,000 SqFt: 4,842 low | high Med: 6,919 $ / SqFt: $289 low | high Med: $329 On Site: 37 low | high Med: 67.500000 | |