Value add mixed use property for sale in Long Beach. Long terms

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Home For Sale

1757 Long Beach Boulevard

Long Beach, California 90813

Los Angeles County

Community: 

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$3,000,000 1 br, 3.0 bath 7108 sq. ft. 0.201 acres

Value add mixed use property for sale in Long Beach. Long terms owners and tenants with two retail units, 7 apartments units, and an excess of parking on Long Beach Blvd. A new owner has the opportunity to convert the two retail units out front into ADU's as well as build additional housing in the separate parking lot in the rear of the property. Owner only pays water and property taxes, separately metered for gas and electric. 1757 Long Beach Blvd, Long Beach, CA 90813, falls within the Midtown Specific Plan (SP-1) zoning area. This zoning allows for a variety of mixed-use developments, focusing on pedestrian-friendly commercial and residential project. With 4 stories and a Floor Area Ratio (FAR) of 2.0 (assumed based on typical mixed-use zoning), the total buildable area is 17,482 square feet. This can be spread across four stories, giving you 4,370.5 square feet per story (17,482 sq ft / 4 stories). You can build structures that combine retail spaces, offices, or residential units, such as apartments or condominiums, in mid- to high-density formats. A new owner could build up to 32 units of 500 square feet each under an FAR of 2.0 in a height of 4 stories or you could fit around 20 units (5 units/story * 4 stories) if each unit is 800 square feet. The subject property is located just outside the $6 Billion of development flooding into Downtown Long Beach, including the Long Beach Civic Center, Long Beach Aquarium, OceanAire Project, CSULB Downtown Village, Broadway Block, The Pacific and Queen Mary Island.

Interior:
  • Bedrooms: 1
  • Baths: 3.0
  • Sq Ft: 7108
  • Year Built: 1936
  • Utilities: 
  • Fireplaces: 
  • Stories: 2
  • Heat/AC: 
  • Garage: 
Exterior:
  • Lot Size: 0.201 acre
  • Lot Dimensions: 
  • View Types: 
  • Yard: 
  • Siding: 
  • Roof: 
  • MLS #: PW24211879
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Contact Information:
Beach Home For Sale in Long Beach, California
Listing Agent: Austin Carr, Realty ONE Group United, 562-537-7496, 310-356-0940 Listing Site, Listing Status: Active
Copyright © 2024 California Regional Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Ad Number: 5482635
Viewed 10 times.
Updated: Oct 23, 2024

This property is a Home located at 1757 Long Beach Boulevard, Long Beach, California 90813, and is currently For Sale at $3,000,000. This Home has 1 bedrooms, 3.0 baths, 7108 sq ft.

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