1429 E South St

Long Beach, CA 90805

$1,099,000

List Price

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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

Listing Information

List Price $1,099,000
Status Active
MLS PW24113795
Type Commercial
Subtype Mixed Use
Lot Size 8,239
Structure Size N/A
DOM 52
Courtesy Of Albert P Choi, Broker
Listing Agent Albert Choi DRE#01887095

Interior Features

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Cooling Type Central Air

Exterior Information

Maps

Listing information courtesy of: Albert Choi, Albert P Choi, Broker . *Based on information from the Association of REALTORS/Multiple Listing as of Sep 21st, 2024 at 10:55 PM 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.