$ 980,000
1434 East Broadway Long Beach, CA 90802
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Listed by Roman Ciuni • Roman Ciuni, Broker
$ 980,000
Est. payment | /mo
$ 980,000
Est. payment | /mo
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID OC-24115816
Year Built 1917
Property Description
Value-add opportunity. 1434 E Broadway is located at within the Imperial Beach neighborhood of Long Beach. The property was originally built in 1917. This offering is an opportunity for an investor or owner/user to design and construct a dream space in this bustling neighborhood. Currently, the property's interior was completely gutted to the studs and ready for improvements to be constructed. No parking requirements for this property. In September 2022, the Governor signed Assembly Bill (AB) 2097, which prohibits a public agency from imposing or enforcing minimum vehicle parking requirements on any residential, commercial, or other development project that is within one-half mile of a Major Transit Stop, with some minor exceptions. The City of Long Beach has identified Metro A Line stations, as well as bus stops along Anaheim Street, PCH, Cherry Avenue, and Atlantic Avenue as major transit stops within the City Core plan area. Because these areas overlap with parking impacted communities, the City of Long Beach will monitor potential negative local impacts on parking as a result of the new policy, and invest in the active transportation and transit projects described previously to lessen the demand for parking.
Location
State CA
County Los Angeles
Interior
Heating None
Cooling None
Laundry None
Exterior
Utilities Available Water Available, Cable Available, Electricity Available, Natural Gas Available
Building
Lot Description Zero Lot Line, Rectangular Lot, Corner Lot
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Darren Humphrey
Partner | Lic# DRE 01724424