434 E 3Rd Street

Long Beach, CA 90802

$1,400,000

List Price

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bed Beds

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1950

calendar_month Built

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.

Listing Information

List Price $1,400,000
Status Active
MLS PW24225363
Type Commercial
Subtype Industrial
Year Built 1950
Lot Size 5,658
Structure Size N/A
Courtesy Of Younglewin Advisors, Inc.
Listing Agent Shane Young DRE#01963090

Interior Features

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Exterior Information

Maps

Listing information courtesy of: Shane Young, Younglewin Advisors, Inc. . *Based on information from the Association of REALTORS/Multiple Listing as of Nov 1st, 2024 at 12:34 AM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.