120 E 3rd St - Loft/Creative Space FOR SALE


Long Beach, CA 90802- Downtown Long Beach
$1,750,000 USD
310-350-6505
120 E 3rd St, Long Beach, CA for Sale
$1,750,000 USD
Loft/Creative Space - FOR SALE
1/11
null | Request Cap Rate

NEW


120 E 3rd St
Long Beach, CA 90802
Downtown Long Beach


HIGHLIGHTS

  • Fully renovated 2018 — taken down to the studs with new mechanical, electrical, plumbing, and seismic upgrades.
  • Distinctive 1914 character — exposed brick, original masonry, soaring storefront windows, sealed concrete floors.
  • Two-story floor plan with eighteen demised offices, conference rooms, kitchenette, and two restrooms.
  • Walk Score 98 · Transit Score 86 — among the most walkable blocks in all of Downtown Long Beach.
  • PD-30 zoning, Legal/Conforming — permits creative office, retail, showroom, gallery, or boutique professional use.
  • Owner-user or investment — original co-work deed restriction has expired, full use flexibility.

OVERVIEW

Darvishian Real Estate Investment Services is pleased to present 120 East 3rd Street — a two-story brick-and-masonry office building in the heart of Downtown Long Beach. Originally constructed in 1914, the property was taken down to its studs and fully renovated in 2018 with new mechanical, electrical, plumbing, and seismic bracing. The property currently operates as P3 Office Lofts, a co-work space featuring eighteen demised office stations across two floors, complete with conference rooms, a kitchenette, two restrooms, and a private call booth. Two- 5-ton dualzone HVAC system, exposed brick interiors, sealed concrete floors, skylights, and industrial track lighting give the space a distinctive creative-loft character. With the original co-work deed restriction having expired, the next owner has full flexibility — continue an existing operation, occupy as a single-tenant creative office HQ, or reposition for retail, showroom, gallery, or boutique professional use.

FOR SALE DETAILS

PRICE

$1,750,000 USD

PRICE/SF

$700 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Jewel Box in Downtown

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Loft/Creative Space

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

B

YEAR BUILT

1924

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.03 AC

LAND SF

1,307 SF

ZONING

PD30, Long Beach

APN/PARCEL ID

7280-020-032

ASK ABOUT THIS PROPERTY

Pasha DarvishianDarvishian Investment GroupMore Info
310-350-6505

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Pasha DarvishianDarvishian Investment GroupMore Info
310-350-6505

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.