Long Beach, CA 90813 923 Long Beach Boulevard
$3,300,000
11 more
Presented By: Mihwa Yi with eXp Realty of Southern Ca, Inc;
Home Details
Welcome to the exciting opportunity to invest in a prime 75-unit apartment construction project with entitlement in the vibrant city of Long Beach, California! Presenting a premium opportunity for developers to create a stunning 75-unit apartment complex on prime land in a highly sought-after location. Seller's motivated. Submit all offers with a Proof of funds.
Property Highlights:
1. Prime Location: The property is conveniently located close to major transportation routes (only 6~7 minutes walk to the Anaheim station and the Fifth Street Station), shopping centers, entertainment, and employment centers, making it an attractive choice for renters. This location offers excellent connectivity to downtown Long Beach, neighboring cities and beyond.
2. Entitlements in Place: This development project comes with entitlements in place for 75 dwelling units, out of which 4 units are low-income units, saving you significant time and effort in obtaining other permits. This project contains 11 studio units, 53 One bedroom units, and 11 two bedroom units.
3. Approved Entitlement Description: New six-story residential building consisting 75 residential units with ground level and three levels of subterranean parking located on two separate lots in the Planned Development (PD-30) zoning district and High-Density Development Site.
4. This Project is within the scope of the previously-certified Downtown Plan Program Environmental Impact Report (PEIR).
5. Strong Market Demand: Long Beach is a thriving rental market with high demand for apartments. The city's diverse economy, job opportunities, and desirable location attract a diverse group of renters, including professionals, families, and students. The strong rental demand and limited supply in the area make this development project a promising investment opportunity.
6. With thoughtfully designed communal spaces, residents will enjoy a contemporary fitness center, a serene courtyard with outdoor seating and BBQ area, separate storage spaces, and ample parking for residents and guests.
Don't miss out on this exceptional investment opportunity in Long Beach. With entitlements in place, a prime location, strong market demand, and a proven development team, this 75-unit multi-family apartment project has the potential to deliver significant returns on your investment.
Presented By: Mihwa Yi with eXp Realty of Southern Ca, Inc;
Interior Features for 923 Long Beach Boulevard
Other Interior Features
Air Conditioning Y/NNo
Basement (Y/N)No
Electric On Property Y/NNo
Fireplace Y/NNo
Heating Y/NNo
Street SuffixBoulevard
General for 923 Long Beach Boulevard
Additional Parcels Description7273012017
Additional Parcels Y/NYes
Attached Garage No
Carport Y/NNo
CityLong Beach
Community FeaturesUrban
CountyLos Angeles
Days on Market147
DirectionsLong Beach Blvd+9th St
Garage Y/NNo
HOA0.0
HOA / Comm AssnNo
Home Warranty Y/NNo
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
Listing TermsCash, CashtoNewLoan, Conventional, Item1031Exchange
Lot Size Square Feet16500.0
MLS Area4 - Downtown Area, Alamitos Beach
MobileHomeRemainsYNNo
New ConstructionNo
Private PoolNo
Property Attached Y/NNo
Property TypeLand
Rent Control Y/NNo
Senior Community Y/NNo
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Street NameLong Beach
Subdivision NameDowntown (DT)
Tax Lot2
ViewCityLights
View Y/NYes
Waterfront Y/NNo
ZoningLBPD29
Exterior for 923 Long Beach Boulevard
Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot Size Acres0.3788
Lot Size Area16500.0
Lot Size SourceAssessor
Lot Size UnitsSquareFeet
Open Parking Y/NNo
SpaNo
Water SourcePublic
Additional Details
Price History
Stephen Pliaconis
Pliaconis Realty Group REALTOR® DRE 02015480