Address
228 Elm Avenue Long Beach, CA
Price
$ 3,995,000
Property Attributes
  • MLS#20636036
  • TypeLand
  • CountyLOS ANGELES
  • CityLong Beach
  • AreaDowntown Area - Alamitos Beach
  • Zip90802
  • Style
  • Price$ 3,995,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Lot Size11,761 SqFt
Listing Provided Courtesy Of:
Dario Svidler with Compass.
Property Description

Deep in Downtown Long Beach, we present for sale a double-lot with tremendous potential. Take advantage of Long Beach's recent Downtown Plan which takes the PD-30 Zoning and turns it upside down, giving you the potential to be part of the high-rise LB Downtown community! The Sellers are offering a Conceptual Design for 51 residential units with one level of subterranean parking and one parking level on grade (for a total of 48 parking spots). The Conceptual Design includes a mix of Studios, Ones and Twos, utilizing some aspects of the new Long Beach Micro Unit Pilot Program (which hopes to add 500 micro-units to the LB Central Downtown Core). This tremendous opportunity is in the thick of things, surrounded by everything, right by the Convention & Entertainment Center and well under a mile from the beach! Options are practically endless for this Opportunity Zone site in the booming Long Beach market! Sale includes residential and parking income. 2 APNs: 7281-016-009 & 7281-016-052.

Price History
9/22/2020 Listed $3,995,000

General Features

Directions Between Long Beach Boulevard and Atlantic Ave. - Betweeen 3rd Street and Broadway. Just north of the Beach and just East of the Los Angeles River and 710 Freeways.
Listagentaor Beverly Hills/Greater LA
Listing Agent Dario Svidler - BRE#01884474
Listing Agent State License 01884474
MLS Area 4 - Downtown Area, Alamitos Beach
Price Per Square Foot 330.85
Source System CRMLS
Special Listing Conditions Standard
Zoning LBPD30

Exterior Features

Improvements 3 unit Building, SFR and Parking Lot.
Lot Dimensions 80x150
Lot Size Acres 0.2700
Lot Size Area 12075.0000
Lot Size Source Assessor
Lot Size Square Feet 12075.00
Lot Size Units Square Feet

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Zip Code Average in 90802

Price
AVG $3.37M
$4M
Visits
AVG 28
41
Walkscore
AVG 97
97
Data Provided by Walkscore ® not using MLS data

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