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Investment Highlights
- Inclusionary Housing Requirement
- Fence not property line; boundary extends beyond fence to parked cars
- Restrictive Covenant
Executive Summary
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
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 Facts
| Price | $315,000 | Property Subtype | Residential |
| Sale Type | Investment | Proposed Use | Apartment Units |
| No. Lots | 1 | Total Lot Size | 0.11 AC |
| Property Type | Land | ||
| Zoning | RMU3-A | ||
| Price | $315,000 |
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Residential |
| Proposed Use | Apartment Units |
| Total Lot Size | 0.11 AC |
| Zoning | RMU3-A |
1 Lot Available
Lot
| Price | $315,000 | Lot Size | 0.11 AC |
| Price Per AC | $2,982,926.30 |
| Price | $315,000 |
| Price Per AC | $2,982,926.30 |
| Lot Size | 0.11 AC |
Vacant lot of approximately 4,600 SF zoned RMU3-A. APN 7124-017-905.
1 1
Moderately walkable
60/100
Exceptionally drivable
100/100
Some public transit
40/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 7124-017-905 | Improvements Assessment | $0 |
| Land Assessment | $128,283 | Total Assessment | $128,283 |
Property Taxes
Parcel Number
7124-017-905
Land Assessment
$128,283
Improvements Assessment
$0
Total Assessment
$128,283
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5936 Atlantic Ave
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