1429 E South, Long Beach, CA 90805
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The Warburton Team Brokered By EXp

The Warburton Team Brokered By EXp

+1(626) 630-2141
$1,499,999
Est. payment /mo
8,241 Sqft Lot
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Key Details

Property Type 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

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

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

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Listed by Georgette Solano Century 21 Allstars 562-222-5847, DRE #01817587

NEARBY SCHOOL & BUSINESS

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