Long Beach, CA 90805,1429 E South St
Long Beach, CA 90805,1429 E South St
Long Beach, CA 90805,1429 E South St
$1,050,000
Est. payment /mo
$1,099,000
4.5%
Est.Price: ?

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8,237 Sqft Lot
SOLD DATE : 12/13/2024

Key Details

Sold Price $1,050,000

Property Type Commercial

Sub Type Mixed Use

Listing Status Sold

Purchase Type For Sale

MLS Listing ID PW24113795

Sold Date 12/13/24

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

Financing Other

Special Listing Condition Standard

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California Regional MLS (CRMLS)
Listed by Albert Choi • Albert P Choi, Broker • 949-751-7107
Bought with Moe Essa • J. Dean Properties
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Lakeshia's passion for real estate and her love for California are a perfect match. She has made it her mission to help local residents sell their homes quickly and at the best possible prices. Equally, she takes immense pride in assisting homebuyers in finding their perfect piece of paradise in California. 

+1(619) 746-0849

lakeshiasellsrealestate@gmail.com

350 W 5th Ave, Escondido, CA, 92025, USA

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