1429 E South, Long Beach, California 90805, Long Beach, 90805 - 0 bed, 0 bath
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Long Beach, California 90805
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- Asset/Home Classification: **High-Density Development Asset**
- List Price: **$1,499,999**
- Fair Market Value: **$1,049,529**
- Key Features: **LBCNR-MFR Zoning**, **5,500 Sq. Ft. Structure**, **Value-Add**
- Condition Rating: **Poor Condition Rating**
- Ideal Buyer Profile: <span class="text-blue-600 font-bold">Developers</span> and <span class="text-purple-600 font-bold">Commercial Investors</span>
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"1429 E South St: High-density Long Beach triplex with LBCNR-MFR zoning for 11 units. 5,500 sq ft blank canvas with owner-assisted build-out. Prime investment."
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"This **High-Density Development Asset** represents a strategic acquisition with a **List Price of $1,499,999**, reflecting the
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1429 E South Subject | $1,499,999* List Price | 0 | 0 | 5,500 | $253 | - |
A 246 E Hullett Street Active | $1,245,000 List Price | 0 | 0 | 3,884 | $321 | 0.9 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
The property is explicitly described as a 'blank canvas' and 'not yet turnkey,' requiring immediate and substantial renovation to be functional. Built in 1959, the listing indicates the interior needs a complete build-out of kitchens, bathrooms, and living spaces, placing it in the poor category as it requires significant rehabilitation before it can be occupied.
The LBCNR-MFR zoning offers exceptional versatility, allowing for a density increase up to 11 units or a conversion of the existing 5,500 sq. ft. structure into 5-7 units.
The seller provides a rare incentive to fund and manage the build-out according to the buyer's specific requirements, significantly reducing the immediate construction burden for the new owner.
Featuring 96 feet of frontage on South Street with prominent signage and gated parking, the property provides excellent visibility and accessibility for retail or professional services.
Currently in a 'blank canvas' state, the property is not turnkey and requires a comprehensive renovation and clear vision to become functional and income-producing.
Realizing the maximum potential of 11 units or specific commercial uses requires extensive due diligence and navigation of complex city planning and zoning approvals.
Don't settle for someone else's layout. At 1429 South Street, you get to be the architect of your own destiny. This triplex offers a blank canvas with a rare incentive: the landlord is ready to build-out according to your specs. Here is your chance to secure a prime piece of Long Beach real estate where the landlord is willing to assist with your vision for lease or will consider a sale. Located at 1429 South St, this triplex is a diamond in the rough waiting for the right investor or entrepreneur to unlock its value. While the property is not yet turnkey, that is exactly where the money is made. If you have dreamed of owning apartments, this property could grow into that with versatility in use and space. Mix use gives the option to live in one, run a business out of the rest. Why act now? Because this is a limited-time, owner-assisted renovation opportunity. You bring the vision (Call Center, Warehouse, Residential Living Facility, or Apartments), and they bring the capital to make it happen. The Canvas: · Structure: Solid triplex with gated parking ready for immediate renovation. Unit A 2/1 Unit B 2/1 both with street and parking access, Unit C To be Determined- · Zoning: LBCNR - MFR allowing for 5x density residential units up to 11 units or use existing building and convert to 5-7 units, Subtype Storefront, Retail, Residential with 96 feet on South St plus Signage, built in 1959, Renovated 2018 Offering 5500 Sq FR, 6 Parking Spaces, . The list of potentials include Church, Ministry, Residential Living, Skilled Nursing, Apartments 8-11 units (Can be built up to 2 story), Call Center, Warehouse, Retail, etc. Buyer to check intended purpose with City. · Expansion: Two-story potential to double your space. How It Works: You secure the property via lease or purchase (financing available), submit your design plans, and the landlord gets to work. You get a brand-new, custom-built space without the construction headache. This is not a drill. The landlord is motivated and ready to make this happen either for lease or sale. Contact for more information or a private showing
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 0.0 | 0.0 | 50% |
| Baths | 0.0 | 0.0 | 50% |
| Square foot | 5,500 | 1,535.5 | 94% |
| Lot Size | 8,241 | 4,768.5 | 89% |
| Price | $1.50M | $820.8K | 94% |
| Price per sq ft | $273 | $536 | 6% |
| Built year | 1959 | 1952 | 72% |
| HOA | $0 | $0 | 50% |
| Days on market | 78 | 226 | 11% |
Mar 20, 2026
$1,499,999
Initial Listing
Dec 6, 2024
$1,100,000
Public Record
Oct 18, 2017
$635,000
Public Record
Jul 11, 2012
$275,000
Public Record