1429 E South Long Beach, CA 90805
UPDATED:
Key Details
Property Type Single Family Home, Multi-Family
Sub Type Triplex
Listing Status Active
Purchase Type For Sale
MLS Listing ID DW26044674
HOA Y/N No
Year Built 1959
Lot Size 8,241 Sqft
Property Sub-Type Triplex
Property Description
Located at 1429 South St, this triplex is a diamond in the rough waiting for the right investor or entrepreneur to unlock its value. While the property is not yet turnkey, that is exactly where the money is made. If you have dreamed of owning apartments, this property could grow into that with versatility in use and space. Mix use gives the option to live in one, run a business out of the rest.
Why act now?
Because this is a limited-time, owner-assisted renovation opportunity. You bring the vision (Call Center, Warehouse, Residential Living Facility, or Apartments), and they bring the capital to make it happen.
The Canvas:
· Structure: Solid triplex with gated parking ready for immediate renovation. Unit A 2/1 Unit B 2/1 both with street and parking access, Unit C To be Determined-
· Zoning: LBCNR - MFR allowing for 5x density residential units up to 11 units or use existing building and convert to 5-7 units, Subtype Storefront, Retail, Residential with 96 feet on South St plus Signage, built in 1959, Renovated 2018 Offering 5500 Sq FR, 6 Parking Spaces,
. The list of potentials include Church, Ministry, Residential Living, Skilled Nursing, Apartments 8-11 units (Can be built up to 2 story), Call Center, Warehouse, Retail, etc. Buyer to check intended purpose with City.
· Expansion: Two-story potential to double your space.
How It Works:
You secure the property via lease or purchase (financing available), submit your design plans, and the landlord gets to work. You get a brand-new, custom-built space without the construction headache.
This is not a drill. The landlord is motivated and ready to make this happen either for lease or sale.
Contact for more information or a private showing
Location
State CA
County Los Angeles
Area 6 - Bixby, Bixby Knolls, Los Cerritos
Zoning LBCNR
Interior
Heating Central
Cooling Central Air
Fireplace No
Laundry None
Exterior
Parking Features Covered, Driveway
Pool None
Community Features Curbs, Street Lights, Suburban, Sidewalks
Private Pool No
Building
Lot Description 0-1 Unit/Acre
Story 1
Sewer Public Sewer
Water Public
New Construction No
Others
Senior Community No
Tax ID 7123020030
Acceptable Financing Cash, Conventional, 1031 Exchange, FHA, Lease Option
Listing Terms Cash, Conventional, 1031 Exchange, FHA, Lease Option
Special Listing Condition Standard
NEARBY SCHOOL & BUSINESS
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