Description

Value-add opportunity. 1434 E Broadway is located at within the Imperial Beach neighborhood of Long Beach. The property was originally built in 1917. This offering is an opportunity for an investor or owner/user to design and construct a dream space in this bustling neighborhood. Currently, the property’s interior was completely gutted to the studs and ready for improvements to be constructed.

No parking requirements for this property. In September 2022, the Governor signed Assembly Bill (AB) 2097, which prohibits a public agency from imposing or enforcing minimum vehicle parking requirements on any residential, commercial, or other development project that is within one-half mile of a Major Transit Stop, with some minor exceptions. The City of Long Beach has identified Metro A Line stations, as well as bus stops along Anaheim Street, PCH, Cherry Avenue, and Atlantic Avenue as major transit stops within the City Core plan area. Because these areas overlap with parking impacted communities, the City of Long Beach will monitor potential negative local impacts on parking as a result of the new policy, and invest in the active transportation and transit projects described previously to lessen the demand for parking.