$ 749,000
-
$749,000
Price -
0
Bed -
0
Bath -
1,392
SqFt
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About the Listing PB2246 - HRAISAM
Exceptional opportunity to acquire a prime corner-lot multifamily development site located in one of Long Beach’s most sought-after transit corridors. Offered at a newly reduced price of $749,900, the property features conditionally approved plans for a ±13,000 SF, three-story apartment project consisting of 14 units (including 3 affordable units). Designed for maximum efficiency, the project carries no on-site parking requirement, significantly reducing future construction costs and maximizing net rentable square footage. For investors seeking immediate cash flow during the entitlement and permitting process, the property is currently occupied by a cooperative month-to-month tenant who covers all day-to-day operational responsibilities. This provides a steady interim revenue stream with no maintenance burden to the owner. Investment Highlights: Currently generating $4000/month, tenant on MTM, and willing to work with the new owner to update their lease terms/price. This other bonus is this an Exceptional opportunity to acquire a potential 14-unit multifamily development site located in one of Long Beach’s most sought-after development zones and within a designated transit corridor.
Listing Highlights
Status
Active
Days on Site
47
Property Type
Commercial Sale
MLS ®
TR26109242
Year Built
1964
Total Square Footage
1,392
Lot/Acreage
0.16
County
Los Angeles
Area
7 - North Long Beach
Interior Details
- Bedrooms: 0
- Bathrooms: 0 Full
- Appliances:
- Air Cond:
- Heating:
- Fireplaces:
- Floor:
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement:
- Other:
- Water: Public
Exterior Details
- Lot Description: 0-1 Unit/Acre,No Land Lease
- Garage Capacity: N/A
- Roof:
- Others:
- Sewer:
Financial Details
- Tax Amount: N/A
- Taxes w/Assessments: N/A
- Tax/Property ID: 7206011031
- Tax Year: N/A
Payment Calculator
Monthly Payment
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Questions About..
3061 Long Beach Long Beach, CA 90807
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