434 East 3rd Street

Highlights:

• Owner User, Adaptive Reuse, and/or Development
• 18 Foot Clear Height with Exterior Shear Walls
• Desirable Corner Lot with Onsite Parking & Roll-up Door Access
• Located in an Opportunity Zone & Zoned PD-30 (80ft Height Limit and 4.0 FAR)
• Currently Owner Occupied - Half Storage & Half Personal Residence

Description:

Young Lewin Advisors, Inc. is pleased to present the opportunity to acquire 434 E 3rd Street, a versatile property that is in the heart of Downtown Long Beach's East Village Arts District.

The property benefits from 18ft ceilings with exterior shear walls and onsite parking with a curb cut and roll-up garage. The property can be stabilized and leased as a rental, purchased for an owner user (which is its current use) or it can be entitled and developed into a multifamily or mixed use property. With the ability to divide the space into multiple units or raze the site, potential uses include retail, office, multifamily, mixed use, live/work lofts, and more.

434 E 3rd Street benefits from Long Beach's most desirable zoning - LBPD30. There is an 80ft height limit with a 4.0 FAR and no parking requirements. The property is also in an opportunity zone. It is rare to see such a low price point for properties situated on large lots in Downtown Long Beach's most desirable East Village Arts District.


Long Beach's arts district, East Village is a downtown hub for independent boutiques, restaurants, art museums, and more amidst unique Art Deco architecture. The most expansive district in downtown Long Beach, the East Village is home to over 50 locally owned and operated small businesses.