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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

Property Facts

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
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.

Moderately walkable
60/100
Exceptionally drivable
100/100
Some public transit
40/100
Moderately bikeable
60/100

Property Taxes

Property Taxes

Parcel Number
7124-017-905
Land Assessment
$128,283
Improvements Assessment
$0
Total Assessment
$128,283
  • Listing ID: 39808653

  • Date on Market: 3/17/2026

  • Last Updated:

  • Address: 5936 Atlantic Ave, Long Beach, CA 90805

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