Property profile

1429 South St E South Long Beach, CA 90805

FOR SALE
Triplexes
Property ID
US09-Q025390
Built 1959
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1429 South St E,Unit South, Long Beach, CA 90805 For Sale
$1,499,999
1429 South St E,Unit South, Long Beach, CA 90805
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Property summary

AI-generated overview

The property is a triplex located on South Street in Long Beach, built in 1959 and renovated in 2018. It contains approximately 5,500 square feet and provides gated parking for 6 vehicles. The site has about 96 feet of frontage on South Street with signage potential, and it falls under zoning LBCNR–MFR, which allows for up to 5x density residential units (up to 11 units) and also provides the possibility of using the existing building for conversion into approximately 5–7 units (including a storefront retail/residential subtype). The existing configuration includes two identified units (A and B), each with 2 bedrooms and 1 bathroom, with access from the street and parking areas; the status/layout of Unit C is not specified. The property is positioned for multiple potential uses, subject to City review, including residential uses, apartments, retail/storefront, institutional uses such as a church or ministry, and other uses such as skilled nursing, call center, or warehouse-related uses. Nearby mobility metrics include a bike score of 78, a walk score of 77, and a transit score of 39.

Property profile

Verified
Property type Triplexes
Year built 1959
UPID US09-Q025390

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Photography Service (Bike/Boat/Book/etc) Store
  • Photography Service (Bike/Boat/Book/etc) Store

Location

1429 South St E, Unit South Long Beach, CA 90805
Long Beach metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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Blend (final) Blend
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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