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$1,250,000
Est. payment /mo
7,548 Sqft Lot
UPDATED:
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
MLS Listing ID PW26220714
HOA Y/N No
Year Built 1895
Lot Size 7,548 Sqft
Property Sub-Type Mixed Use
Property Description
Opportunity to own a commercial and residential property near Downtown Long Beach. Located at 335 & 337 E 7th Street, the property features approximately 2,049 SF of total improvements across two buildings on a 7,561 SF lot, all within a single parcel.
The vacant front commercial space offers approximately 1,000 SF and an opportunity for an owner-user to establish a business while receiving rental income from the rear residential portion. Two occupied residential rentals are currently leased month-to-month. The front commercial space is also available for lease, providing an opportunity to establish additional income.
Beyond its existing use, the property offers potential for future redevelopment. Based on preliminary information obtained from the City, the site is within the PD-30 planning district, with reported development parameters including a maximum height of 150 feet, a 5.0 floor area ratio, and a parking exemption. Applied to the existing lot area, the stated FAR suggests approximately 37,805 square feet of potential floor area, subject to applicable regulations, project design, and City approval.
With existing residential income, a vacant commercial component, and potential for a larger-scale development, the property presents multiple paths for acquisition, occupancy, and long-term investment. Nearby businesses include Carl's Jr. and McDonald's, with access to Long Beach Boulevard, Downtown dining and shopping, and waterfront attractions.
The vacant front commercial space offers approximately 1,000 SF and an opportunity for an owner-user to establish a business while receiving rental income from the rear residential portion. Two occupied residential rentals are currently leased month-to-month. The front commercial space is also available for lease, providing an opportunity to establish additional income.
Beyond its existing use, the property offers potential for future redevelopment. Based on preliminary information obtained from the City, the site is within the PD-30 planning district, with reported development parameters including a maximum height of 150 feet, a 5.0 floor area ratio, and a parking exemption. Applied to the existing lot area, the stated FAR suggests approximately 37,805 square feet of potential floor area, subject to applicable regulations, project design, and City approval.
With existing residential income, a vacant commercial component, and potential for a larger-scale development, the property presents multiple paths for acquisition, occupancy, and long-term investment. Nearby businesses include Carl's Jr. and McDonald's, with access to Long Beach Boulevard, Downtown dining and shopping, and waterfront attractions.
Location
State CA
County Los Angeles
Area 4 - Downtown Area, Alamitos Beach
Interior
Fireplace No
Laundry None
Building
Lot Description Rectangular Lot
Story 1
Water Public
Others
Tax ID 7273020024
Acceptable Financing Cash, Cash to New Loan, 1031 Exchange
Listing Terms Cash, Cash to New Loan, 1031 Exchange
Special Listing Condition Standard
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Listed by Eunhee Ko Coldwell Banker Best Realty koehko1004@gmail.com, DRE #02078282
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