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5927-5941 Atlantic Ave 0.32 Acres of Commercial Land Offered at $940,000 in Long Beach, CA 90805
Investment Highlights
- Inclusionary Housing Requirement
- Restrictive Covenant
- Lot Merger
Executive Summary
Property Facts
| Price | $940,000 | Property Type | Land |
| Sale Type | Investment or Owner User | Property Subtype | Commercial |
| Sale Condition | Redevelopment Project | Proposed Use | Neighborhood Center |
| No. Lots | 1 | Total Lot Size | 0.32 AC |
| Zoning | RMU-3-A - Residential Mixed Use designed to facilitate higher-density residential environments integrated with commercial, office, and service uses. | ||
| Price | $940,000 |
| Sale Type | Investment or Owner User |
| Sale Condition | Redevelopment Project |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | Neighborhood Center |
| Total Lot Size | 0.32 AC |
| Zoning | RMU-3-A - Residential Mixed Use designed to facilitate higher-density residential environments integrated with commercial, office, and service uses. |
1 Lot Available
Lot
| Price | $940,000 | Lot Size | 0.32 AC |
| Price Per AC | $2,967,134.25 |
| Price | $940,000 |
| Price Per AC | $2,967,134.25 |
| Lot Size | 0.32 AC |
Vacant 13,800 SF development parcel on Atlantic Ave zoned RMU3-A. Larger site offering residential or mixed-use development potential in North Long Beach.
Description
The City of Long Beach is offering a portfolio of City-owned surplus properties located along the Atlantic Avenue Corridor between 55th and 60th Streets for sale. These sites represent a unique opportunity for developers, investors, and owner-users to acquire strategically positioned parcels throughout established corridors and urban neighborhoods. The City’s objective is to responsibly monetize surplus assets while supporting long-term economic activity and area revitalization. The portfolio includes a mix of improved and unimproved properties, strategically located between LA and OC, offering flexibility for a wide range of development strategies, from ground-up construction to adaptive reuse. The properties may be sold individually, in small groupings, or as part of a larger portfolio, allowing buyers to pursue projects that align with their specific investment goals and development expertise while also delivering activation that furthers City goals for the area. OVERALL GOALS • Activation • Neighborhood Servies Uses • Residential Development • Mix of Day and Evening Uses Contributing to a Thriving Corridor PORTFOLIO HIGHLIGHTS • Multiple sites across two City Council Districts • Flexible disposition structure • Mix of improved and unimproved properties • Opportunities for both development and owner-user acquisition
Property Taxes
| Parcel Number | 7125-034-904 | Improvements Assessment | $0 |
| Land Assessment | $262,145 | Total Assessment | $262,145 |
Property Taxes
Presented by
5927-5941 Atlantic Ave
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