228 Elm Ave
Long Beach, CA 90802
LB Downtown - Opportunity Zone - 12,000+ SF · Land For Sale
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0.27 AC
Investment Highlights
- Downtown Long Beach!
- Under 1/2 mile to LB Convention & Entertainment. Center
- Under one mile to the beach
- Street to Alley Lot
- 0.1 Mile to the Metro Blue Line Rail Station
- In the middle of Downtown’s Hustle & Bustle with Easy Access to the 710 and PCH freeways
Property Facts
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! With this transaction 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! Transaction includes Two APNs: 7281-016-009 & 7281-016-052
Property Taxes
| Parcel Numbers | Improvements Assessment | $10,612 | |
| Land Assessment | $5,136,246 | Total Assessment | $5,146,858 |
Property Taxes
