Los Angeles, Residential Income – 1405 Lewis Ave, Long Beach, CA 90813, USA -001-11-30T00:00:00-08:00
This is a once in a Lifetime opportunity to own a solid concrete, built like a bomb shelter and anchored with a 400 Square foot bank vault, 8 foot wide by 16 foot long freight elevator converting to a 4 story Artist Loft building. Built in the early 20’s, no
1405 Lewis Ave, Long Beach, CA 90813, USA
$7,800,000 USD
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Address1405 Lewis Avenue, Long Beach
Price$7,800,000
Year Built1920
Bedrooms Total0
Living Area34,000 ft2
Lot Size (Sq.Ft.)17,496
Listing IDSW17217063
StatusActive
Parcel Number7268014001
ZoningLBR1N
Special ConditionsStandard
Days on Market32

Detailed Description: This is a once in a Lifetime opportunity to own a solid concrete, built like a bomb shelter and anchored with a 400 Square foot bank vault, 8 foot wide by 16 foot long freight elevator converting to a 4 story Artist Loft building. Built in the early 20’s, no expense was spared in building this Fireproof Storage Warehouse. Even the wide open deck of the 5 level rooftop is solid concrete and can accommodate loads. The rooftop is 7000 sq.ft. Each unit is also built to commercial fire code. The interior separation walls are either red brick, concrete or steel studs with double 5/8″ fire rated walls. This is a trophy property and your chance to make a difference in the artist community. All units are subject to the Administrative Use Permit. Tenants will have a license in the world of fine arts. All Tenants. There is a 6000 sq.ft INDOOR LOADING DOCK! Used for parking, it has direct access to the freight elevator and to a 1400 sq.ft bonus room. The owners unit / office is 3500 sq.ft, is 3 levels, and includes the bank vault as part of the layout. It has a giant original fireplace, massive 17 foot ceilings and so much more! Power includes a new 3 Phase 800A service with 200A 3 Phase on each floor!

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Address Information
Address1405 Lewis Avenue, Long Beach
Street SuffixAvenue
Subdivision NamePoly High (PH)
CityLong Beach
Location (MLS Area)9 – Poly High
County Or ParishLos Angeles
CountryUS
Financial Information
Price per Square Foot$229.41
Price per Lot Square Foot$445.82
Tenant PaysCable TV, Electricity, HVAC Maintenance, Insurance
Special ConditionsStandard
Total Expenses$50,000
Professional Management Expense$1,500
Operating Expense$8,000
Insurance Expense$3,000
Electric Expense$2,400
Water Sewer Expense$1,200
Trash Expense$1,200
Gross Income$420,000
Gross Scheduled Income$35,000
Net Operating Income$27,000
Tax Year2017
Tax Lot1,234
New Taxes Expense$8,000
Full Descriptions
Parcel Number7268014001
Detailed DescriptionThis is a once in a Lifetime opportunity to own a solid concrete, built like a bomb shelter and anchored with a 400 Square foot bank vault, 8 foot wide by 16 foot long freight elevator converting to a 4 story Artist Loft building. Built in the early 20’s, no expense was spared in building this Fireproof Storage Warehouse. Even the wide open deck of the 5 level rooftop is solid concrete and can accommodate loads. The rooftop is 7000 sq.ft. Each unit is also built to commercial fire code. The interior separation walls are either red brick, concrete or steel studs with double 5/8″ fire rated walls. This is a trophy property and your chance to make a difference in the artist community. All units are subject to the Administrative Use Permit. Tenants will have a license in the world of fine arts. All Tenants. There is a 6000 sq.ft INDOOR LOADING DOCK! Used for parking, it has direct access to the freight elevator and to a 1400 sq.ft bonus room. The owners unit / office is 3500 sq.ft, is 3 levels, and includes the bank vault as part of the layout. It has a giant original fireplace, massive 17 foot ceilings and so much more! Power includes a new 3 Phase 800A service with 200A 3 Phase on each floor!
Lot Features16-20 Units / Acre, Lot 10000-19999 Sqft, Sprinkler System
Community FeaturesCurbs, Sidewalks, Street Lighting
Room TypeLoft
Water SourcePublic
Roof DescriptionConcrete
Laundry FeaturesCommunity, Gas and Electric Dryer Hookup, Inside, On Upper Level, Stackable, Washer Included
Sewer DescriptionSewer Paid
Pool FeaturesNone
Green Energy EfficientLighting, Water Heater
Green SustainabilityRecycled Materials
Property parameters
Year Built1920
Living Area (Sq.Ft.)34,000 ft2
Lot Size (Sq.Ft.)17,496
Lot Size (Acres)0.4
Lot Size SourceAssessor
Number of Buildings1
Number of Units Total20
ZoningLBR1N
Entry LocationNew York
Stories Total4
Parking Spaces20
Garage Spaces9
Uncovered Spaces11
LevelsThree Or More
Water SourcePublic
Units Total20
Year Built SourceAssessor
Average Studio Area1,200 ft2
Number of Separate Electric Meters20
Number of Separate Gas Meters1
Number of Separate Water Meters1
Listed withRoark Merrill (Signature Real Estate, Inc.)