434 3rd St
4,842 SF Industrial Building Long Beach, CA 90802 $1,400,000 ($289.14/SF)
INVESTMENT HIGHLIGHTS
- Adaptive Reuse, Owner User, and/or Redevelopment
- Parking Onsite with Roll-Up Door Access on a Corner Lot
- Parking Onsite with Curb-Cut and Roll-up Door Garage
- 18ft Clear Height with Exterior Shear Walls
- LBPD30 Zoning - 4.0 FAR and 80ft Height Limit with No Parking Requirements
- Currently Owner Occupied - Half Storage and Half Personal Residence
EXECUTIVE SUMMARY
YoungLewin is 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.
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.
PROPERTY FACTS
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Walk Score®
Walker's Paradise (98)
Transit Score®
Excellent Transit (75)
Bike Score®
Biker's Paradise (91)
ZONING
| Zoning Code | LBPD30 (4.0 FAR & 80ft Height Limit in an OpZone) |
