130 Pne Ave Long Beach, CA 90802-4404

This exceptional mixed-use building, located at 130 Pine Avenue in Long Beach, California, presents a compelling redevelopment opportunity. The 28,368-square-foot property, situated on a 7,521-square-foot lot (approximately 0.17 acres), boasts a prime location in the heart of Downtown Long Beach's Design and Entertainment District. The building, constructed in 1924 and renovated in 2019, is a four-story Class B structure with five units and currently has 25% occupancy. The property features a fully built-out restaurant space on the ground floor and three stories of turnkey creative office space above, totaling approximately 20,868 square feet. A sizable basement of approximately 7,500 square feet is also included and is elevator-served. The asking price is $5,950,000, translating to $209.74 per square foot. The property is zoned PD-30 and is offered as a fee simple ownership with a modified lease type and a 36-month lease option. While there is no on-site parking, numerous nearby parking structures offer monthly passes. This unique property is ideal for restaurant/bar operators, office users, and investors seeking a high-potential redevelopment project in a vibrant urban setting. The property's multi-tenant configuration allows for diverse income streams. The building's history and location combine to create a truly unique investment opportunity.