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1160 Locust Ave
Long Beach, CA 90813
1160 Locust · Multifamily Property For Sale
·
1 Unit
PROPERTY FACTS
| No. Units | 1 | Average Occupancy | 100% |
| Property Type | No. Stories | 2 | |
| Apartment Style | Low-Rise | Year Built/Renovated | 1910/2015 |
| Lot Size | 0.11 AC | Parking Ratio | 1.6/1,000 SF |
| Building Size | 5,000 SF | ||
| Zoning | LBPD29 | ||
| No. Units | 1 |
| Property Type | |
| Apartment Style | Low-Rise |
| Lot Size | 0.11 AC |
| Building Size | 5,000 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built/Renovated | 1910/2015 |
| Parking Ratio | 1.6/1,000 SF |
| Zoning | LBPD29 |
AMENITIES
UNIT AMENITIES
- Crown Molding
- Yard
ABOUT 1160 LOCUST AVE , LONG BEACH, CA 90813
DEVELOPMENT OPPORTUNITY FOR 10 STORY BUILDING ON POTENTIALLY 15,000 SF! This 4896SF corner lot occupies one of the last available large corners in Subarea 5 of Long Beach PD29 zoning. This is a prime Area of Downtown Long Beach within reasonable proximity to the beach, public transportation and all amenities and perfect for a 10 story development. Current owners already had per-approval from the city for plans to build 8 units on the corner lot. The value proposition for this property relate to its location and zoning in LBPD29 Subarea 5. All the adjacent subareas (1 through 4) have height limitations from 50 to 100 feet and set backs between 5 to 7 feet. In Subarea 5, the building footprint can be maximized as the setbacks are 0’ and the height limitation is 150’ - the maximum height limit in the entire area. This corner lot is optimally positioned close to new construction, high end retail and medical commercial space and public transportation. The area has good foot traffic and heavy traffic volume. The City of Long Beach is heavily investing in this area and is encouraging mixed use, multi-family, and commercial consumer projects. Affordable Housing Grants through the City may be available. For more information on this opportunity please contact SERENA GOSS AT 714.875.6330.
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 5+2 | 1 | - | - |
