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$1,099,000
5,500 Sqft
8,239 Sqft lot

1429 E South St, Long Beach, California 90805

  • Commercial Sale Property Type
  • 43 Days Time on market
  • $200 Price per sqft
Property Description

Buyers agent/broker commission increased to 4.0% of sale If buyer purchases without a agent or broker, the 4.0% will be given to buyer as seller credit. $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

Basic Details
Commercial Sale
Buy
PW24113795
$1,099,000
5,500 Sqft
8,239 Sqft
Active
Mixed Use
Condos/Co-ops
Features
: Central
: Central Air
$0
Address
CA
Los Angeles
Long Beach
90805
1429 E South St
1429
0
W119° 49' 29.9''
N33° 51' 36.7''
Additional Information
43
1
1
5,500 Sqft
0 Sqft
0 Sqft
0.19 Sqft
8,239 Sqft
0 Sqft
7123020030
$0
$0
$0
$0
$0
$0
0 Sqft
0 Sqft
$0
1
04/06/2024 18:33:22
$0
: Standard
Cash,CashtoNewLoan,1031 Exchange,Owner May Carry,P
CA 91 Fwy exit E South St end at 1429 E South St Long Beach CA 90805
Albert P Choi, Broker
Albert Choi
PB22166
PWCHOALB
$0
11
1
: Item01unitacre
1
: Square Feet
1
: Square Feet
US-06037-N-7123020030-R-N
MixedUse
05/06/2024 01:57:42
E South St
7 - North Long Beach
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