120 East Third Street
Jewel Box in Downtown Long Beach
Marketing description
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. A 5-ton dual-zone 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.
An owner-user opportunity in one of Southern California's fastest-densifying downtowns.
Investment 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
- Parking-exempt lot per Downtown Plan (sub-6,000 SF) — abundant street and city-lot parking adjacent
- Owner-user or investment — original co-work deed restriction has expired, full use flexibility
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