Primary listing photo

1429 E South St, Long Beach, CA, 90805

12beds
9baths
5,500sqft
$1,499,999
$273price/sqft
$9,813/moest. monthly cost
$392,520/yrincome needed

About This Home

Don't settle for someone else's layout. At 1429 South Street, you get to be the architect of your own destiny. This triplex offers a blank canvas with a rare incentive: the landlord is ready to build-out according to your specs. Here is your chance to secure a prime piece of Long Beach real estate where the landlord is willing to assist with your vision for lease or will consider a sale. 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

Getting Around

80
WalkingVery Walkable
40
TransitSome Transit
75
BikeVery Bikeable

Schools

6/10
Harte Elementary SchoolGrades K-50.1 mi
4/10
Lindbergh Middle SchoolGrades 6-80.6 mi
3/10
Jordan High SchoolGrades 9-121.0 mi

Construction

Condition

  • Year built: 1959

Type & Style

  • Home type: MultiFamily
  • Property subType: Triplex

Interior

Appliances

  • Laundry features: None

Bedrooms & Bathrooms

  • Bedrooms: 12
  • Bathrooms: 9

Features

  • Common walls with other units/homes: 1 Common Wall

Heating & Cooling

  • Heating features: Central
  • Cooling features: Central Air

Interior Area

  • Total structure area: 5,500
  • Total interior livable area: 5,500 sqft

Property

Details

  • Parcel number: 7123020030
  • Attached to another structure: Yes
  • Zoning: LBCNR
  • Special condition: Standard

Features

  • Entry location: 6
  • Pool features: None

Lot

  • Lot size: 8,241 sqft
  • Features: 0-1 Unit/Acre

Parking

  • Parking features: Covered,Driveway