Marcus & Millichap REIS is pleased to present 402 E 1st Street located on the signalized southeast corner of E 1st Street and Elm Avenue in the East Village Arts District of Downtown Long Beach, CA. The property was originally known as the Hotel D’Artistes built in 1902 is approximately 6,856 gross sq. ft. of a 2-story mixed-use retail and residential building located on approximately 3,730 sq. ft. of land area. The ground floor consists of a café on the hard corner and 2 service-related businesses on either side. The second floor consists of 3 highly upgraded apartment units, including 2-1 Bedroom and 1 Bathroom and 1-2 Bedroom and 1 Bathroom. E 1st Street between Elm and Linden Avenue is the heart of the East Village Arts District which is the center of local arts and culture for the City. It has a collection of one-of-a-kind galleries, eclectic shops and diverse eateries and is a hub of pedestrian activity for the surrounding urban community with plenty of public street and covered parking opportunities. The property is in the Downtown Long Beach Business District which provides unique destinations, both historic and new, that attract over 23.9 million total visits in 2023. One of the city’s most revered attractions, The Queen Mary, arrived in Long Beach in 1967 and has since impressed visitors with its art deco interiors and glimpses into a bygone era. The Aquarium of the Pacific, on the other hand, provides an intimate look into the future of marine biology and sustainability. Hotels, restaurants, and other tourist-oriented venues including Shoreline Village, The Pike and Rainbow Harbor Waterfront surround the juggernaut that is the Long Beach Convention and Entertainment Center contains that brings in a staggering 1.6 million visitors per year in 2023-2024 with its year-round conventions and events and nearly $2.0 Billion in Economic Impact. Downtown Long Beach has 38 major projects totaling approximately 6,500 new housing units. It is an urban waterfront community covering approximately 1.28 square miles and a population of approximately 31,000. The City of Long Beach offers great coastal weather, access to several recreational activities and a reputation for being a big city with a small-town feel. At the center of Long Beach, a city of almost 490,000, they are the only large Downtown waterfront located between San Diego and San Francisco, retaining more affordable lease rates for office and retail space, as well as housing. - Motivated Seller. Will consider all serious offers!