2703 7Th St Long Beach, CA 90804

Property Details for 2703 7Th St

Year built

1919

Lot size

0.08 lot acres

Property size

1,543 SF

Property type

Commercial real estate

Description

This exceptional Long Beach retail property, located at 2703 E 7th St, presents a compelling investment opportunity. The 1,543 square foot building, constructed in 1919, sits on a 0.083-acre lot and is currently operating at 100% occupancy. Currently configured and utilized as an independent living facility, this versatile property offers significant potential for continued success in its current use or adaptation to other retail ventures. The property's strong performance is underscored by its consistent occupancy rate. Approved plans for an Accessory Dwelling Unit (ADU) further enhance the property's value and potential for future income generation or expansion. The asking price for this prime Long Beach retail space is $1,500,000. Situated in Los Angeles County, California, with a zip code of 90804, this property benefits from its location in a vibrant and growing community. The property's historical charm, combined with its modern-day functionality and approved ADU plans, makes it an attractive investment for both seasoned and emerging investors seeking a strong return on investment in a desirable California market. This is a rare opportunity to acquire a fully occupied, income-generating property with significant upside potential. The property's location and existing use provide immediate cash flow, while the ADU plans offer a clear path for future expansion and increased profitability.