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- LoopNet Team
201 W Pacific Coast Hwy
Long Beach, CA 90806
201-231-245 W Pacific Coast Highway · Land For Sale
·
1.11 AC
INVESTMENT HIGHLIGHTS
- • Size: 1.13 acres of flat, buildable land • Location: Situated in the vibrant and growing city of Long Beach, California •
PROPERTY FACTS
| Property Type | Land | Total Lot Size | 1.11 AC |
| Property Subtype | Commercial | No. Stories | 1 |
| Proposed Use | |||
| Zoning | CHW and SP-1-TN - Mixed use land. Multifamily, retail, and commercial developments. | ||
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | |
| Total Lot Size | 1.11 AC |
| No. Stories | 1 |
| Zoning | CHW and SP-1-TN - Mixed use land. Multifamily, retail, and commercial developments. |
DESCRIPTION
201 PCH project contains of three parcels of land. One of them is currently a local market. The market land area is about 16,000 SF (APN: 7209-022-027). The parking lot area is 13,000SF (APN: 7209-022-023), and the adjacent vacant land area is 20,343 (APN: 7209-022-028). Total land SF is about 49,000 SF, 1.13 AC. Additionally, the project is located in an Opportunity Zone designation, a new tax saving strategy for long term real estate investors and developers. It allows the investors to defer capital gain tax and eventually eliminates capital gains tax.
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $1,405,576 | |
| Land Assessment | $3,383,387 | Total Assessment | $4,788,963 |
PROPERTY TAXES
