53
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$1,099,000
Est. payment /mo
8,237 Sqft Lot
Pending
1429 E South St Long Beach, CA 90805
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UPDATED:
12/19/2024 06:04 AM
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Pending
Purchase Type For Sale
MLS Listing ID PW24113795
HOA Y/N No
Lot Size 8,237 Sqft
Property Description
$199 a square foot!!! This price is below build and land costs. Three separate units on two different electric meters. 6 car private parking lot secured with gate. Zoned to convert to residential and most businesses, laundromat, tobacco smoke shop, convenience store etc and most importantly, this building is grandfathered in exclusion for city parking requirements. For example a laundromat in Long Beach requires 6 parking spots per 1,000 sq feet. That requirement would be waived and plenty of street parking for a business here surrounded by apartment buildings. Whether you're a business owner looking for a strategic location or an investor seeking a lucrative opportunity, 1429 South St is a rare find. Take advantage of the dynamic Long Beach market and make this commercial retail building the cornerstone of your success. Ideal for investors seeking a valuable addition to their portfolio. Long Beach's thriving economy and development make this an attractive investment opportunity. Ample on-site parking for both customers and employees, enhancing accessibility. Situated in a high-traffic area with a diverse and growing community. The spacious interior offers a versatile layout suitable for a wide range of retail businesses. Proximity to popular shopping centers, restaurants, and entertainment hubs. Close proximity to schools, parks, and residential neighborhoods. Easy access to public transportation and major highways
Location
State CA
County Los Angeles
Area 7 - North Long Beach
Interior
Heating Central
Cooling Central Air
Fireplace No
Laundry None
Building
Lot Description 0-1 Unit/Acre
Story 1
Water Public
Others
Tax ID 7123020030
Acceptable Financing Cash, Cash to New Loan, 1031 Exchange, Owner May Carry, Private Financing Available
Listing Terms Cash, Cash to New Loan, 1031 Exchange, Owner May Carry, Private Financing Available
Special Listing Condition Standard
Listed by Albert Choi • Albert P Choi, Broker • 949-751-7107