434 E 3rd Street, Long Beach CA, 90802

Active

434 E 3rd Street

Long Beach CA, 90802

$1,400,000

$289.14 per sqft

Active

4,842 sqft

Commercial

Built in 1950

Listed by Shane Young with Younglewin Advisors, Inc. 562-556-1118

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.

PW24225363

MLSⓇ ID

October 31, 2024

Listed

December 5, 2024

Updated

Map

434 E 3rd Street
Long Beach CA, 90802

Interior Features

Total Stories: 1
Laundry Description: Inside
Fireplace: No
Cooling: No
Heating: No

Exterior/Building Features

Lot Size: 0.13 Acres
Lot Features: Corner Lot

Other Property Details

Area Name: 4 - Downtown Area, Alamitos Beach
Days on Market: 34
Garage: No
View: No
County: Los Angeles
Water Source: Public
Pool: No
Zoning: PD30

Listing Contact: 562-318-0215

Based on information from the California Regional Multiple Listing Service (CRMLS) as of 12/5/2024. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.

Data last updated on 12/5/2024 at 8:40 AM UTC