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129 W 5Th St, Long Beach, CA 90802
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129 W 5Th St Long Beach, CA 90802

$3,195,000
  • -- Beds
  • -- Baths
  • 10,000 Sq.Ft.
For Sale
$3,195,000 Get Pre-Qualified
Map preview of 129 W 5Th St, Long Beach, CA 90802

Property Overview: 129 W 5Th St Long Beach, CA has -- bedrooms, -- bathrooms, 10,000 living square feet and 5,297 square feet lot size. Call an Ardent Real Estate Group agent to verify current availability of this home or with any questions you may have.

Agent Remarks: This +10,000 SF two-story commercial space with a large 5,000 SF basement (not included in the square footage) is located in the heart of downtown Long Beach. The property is situated just a few parcels away from Pacific Ave that has the Metro A- Line Station and is a major North / South artery through the City. It is also walking distance to all the retail on Pine Avenue and 1.2 miles to the Aquarium of the Pacific. The building was the first home of Licorice Pizza, founded in 1969, and has been meticulously maintained and updated. The space is currently being used as an event center and Coworking space: www.thegpc.space The building was originally constructed in 1942 and on a 5,295 sq. ft. lot. On the first floor there is lobby entrance that leads to a front desk and three large rooms. There are also three restrooms towards the rear of the building and a music room. On the 2nd Floor there is a large open kitchen, private sitting area, three restrooms, meditation room, and open office space with three private, window lined rooms. This turnkey piece of real estate offers an owner/user the opportunity to move into an incredible location in Downtown Long Beach that offers easy access to public transportation, retail amenities, and much more.

Listed by David Kaufman | BRE #01217537 | David Ballin Kaufman
Last checked: 9 minutes ago | Last updated: August 12th, 2024 | Source CRMLS | DOM: 34
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Home details

Lot Sq. Ft
5,297
HOA Dues
$0/mo
Year built
1942
Garage
--
Property Type:
Other
Status
Active
MLS#
24426045
City
Long Beach
County
Los Angeles
Time on Site
37 days
Property Unit Breakdown
Unit Mix Summary
  • Total # of Units: --
  • Total # of Buildings: --
Property Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: --
  • Net Operating Income: --
  • Gross Operating Income: --
Annual Expense Breakdown
  • Total Operating Expense: --

Open Houses for 129 W 5Th St

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Property Details for 129 W 5Th St

Lot Details / Garage and Parking
Property Information
  • Parcel Number: 7280004007
Location / Neighborhood
Location Information
  • Directions: North of E 4th St, South of W 6th St; East of Pacific Ave, West of Long Beach Blvd
View more facts & features

Local Long Beach Agent

Sale History for 129 W 5Th St

Last sold on October 8th, 2004

  • August, 2024

  • Aug 12, 2024

    Date

    Active

    CRMLS: 24426703

    $174,000

    Price

  • Listing provided courtesy of CRMLS

    For Sale or Lease. This +10,000 SF two-story commercial space with a large 5,000 SF basement (not included in the square footage) is located in the heart of downtown Long Beach. The property is situated just a few parcels away from Pacific Ave that has the Metro A- Line Station and is a major North / South artery through the City. It is also walking distance to all the retail on Pine Avenue and 1.2 miles to the Aquarium of the Pacific. The building was the first home of Licorice Pizza, founded in 1969, and has been meticulously maintained and updated. The space is currently being used as an event center and Coworking space: www.thegpc.space The building was originally constructed in 1942 and on a 5,295 sq. ft. lot. On the first floor there is lobby entrance that leads to a front desk and three large rooms. There are also three restrooms towards the rear of the building and a music room. On the 2nd Floor there is a large open kitchen, private sitting area, three restrooms, meditation room, and open office space with three private, window lined rooms. This turnkey piece of real estate offers an owner/user the opportunity to move into an incredible location in Downtown Long Beach that offers easy access to public transportation, retail amenities, and much more.

  • August, 2024

  • Aug 12, 2024

    Date

    Active

    CRMLS: 24426045

    $3,195,000

    Price

  • October, 2004

  • Oct 8, 2004

    Date

    Sold (Public Records)

    Public Records

    --

    Price

Show More

Tax History for 129 W 5Th St

Assessed Value (2020): $112,031
Year Land Value Improved Value Assessed Value
2020 $92,332 $19,699 $112,031

Home Value Compared to the Market

This property vs the competition

129 W 5Th St is listed 309.62% higher than the median list price for the city of Long Beach which has a median list price of $780,000. The median price per/sqft for Long Beach is $646 and this home is listed at $319.5 per/sqft which puts the price per square foot 50.54% lower than the median price per square foot for the city of Long Beach.

About 129 W 5Th St

Detailed summary of property

129 W 5Th St is a other located in Long Beach, CA 90802 and is currently for sale. This property offers -- bedrooms, -- bathrooms, roughly 10,000 living square feet, and sits on an approximately 5,297 square foot lot. 129 W 5Th St was first listed on ArdentRealEstateGroup.com on August 12, 2024. The homeowner is currently asking $3,195,000. The median priced home in Long Beach is $780,000 with a median price per square foot of $646. Based on Ardent Real Estate Group's Long Beach Market Data, this home is listed 309.62% higher than the median priced home. Local competing homes currently for sale include 731 W 80th, 2107 W Manchester Ave and 5975 S Broadway. While the average home in Long Beach, CA is selling in 62 days, 129 W 5Th St has a days on market of 34 days. There are currently 778 homes for sale in the Long Beach real estate market and 416 of them are single family homes while 337 of them are condos and 23 are townhomes. For more information on this home for sale at 129 W 5Th St Long Beach, CA 90802 contact Ardent Real Estate Group and we will put you in touch with one of our Long Beach agents.

Public Facts for 129 W 5Th St

Public county record property details
Beds
--
Baths
--
Year built
1942
Sq. Ft.
5,050
Lot Size
5,295
Stories
2
Type
Retail Stores ( Personal Services, Photography, Travel)
Pool
No
Spa
No
County
Los Angeles
Lot#
20,21
APN
7280-004-007

The source for these homes facts are from public records.

90802 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$569,000
Median List Price/Sq.Ft.
$660
Median Sold Price
$515,000
Median Sold Price/Sq.Ft.
$619
Total Inventory
173
Median Sale to List Price %
100.39%
Avg Days on Market
43
Loan Type
Conventional (60.71%), FHA (7.14%), VA (0%), Cash (14.29%), Other (17.86%)

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Based on information from California Regional Multiple Listing Service, Inc. as of 2019. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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