1757 Long BeachLong Beach, CA 90813
Poly High (PH) · Los Angeles County
Description
Value add mixed use property for sale in Long Beach along with separately parceled parking lot in rear on apartments. Total land size of 15,431 SF between both lots. Long terms owners and tenants with two retail units, 7 apartments units, and an excess of parking on Long Beach Blvd. A new owner has the opportunity to convert the two retail units out front into ADU's as well as build additional housing in the separate parking lot in the rear of the property. Owner only pays water and property taxes, separately metered for gas and electric. 1757 Long Beach Blvd, Long Beach, CA 90813, falls within the Midtown Specific Plan (SP-1) zoning area. This zoning allows for a variety of mixed- use developments, focusing on pedestrian-friendly commercial and residential project. With 4 stories and a Floor Area Ratio (FAR) of 2.0 (assumed based on typical mixed-use zoning), the total buildable area is 17,482 square feet. This can be spread across four stories, giving you 4,370.5 square feet per story (17,482 sq ft / 4 stories). You can build structures that combine retail spaces, offices, or residential units, such as apartments or condominiums, in mid- to high-density formats. A new owner could build up to 32 units of 500 square feet each under an FAR of 2.0 in a height of 4 stories or you could fit around 20 units (5 units/story * 4 stories) if each unit is 800 square feet. The subject property is located just outside the $6 Billion of development flooding into Downtown Long Beach, including the Long Beach Civic Center, Long Beach Aquarium, OceanAire Project, CSULB Downtown Village, Broadway Block, The Pacific and Queen Mary Island.
Property Information
- Property type
- Residential Income
- Sub-type
- Mixed Use
- Year built
- 1936
- Stories
- 2
- Building area
- 7,100 Sq Ft
- Lot size
- 0.35 acres
- Garage spaces
- 9
- Parking spaces
- 29
- Days on market
- 317
- MLS® Listing#
- PW25256090
Property Features
- Pool
- None
- Laundry
- None
- Sewer
- Public Sewer
- Water source
- Public
- Parcel number
- 7269019006
Directions
Southwest corner of Long Beach Blvd and PCH
Listing Courtesy: Realty One Group United - 562-537-7496
Presented by: Austin Carr
Licensed in the state of California.
Long Beach Market Statistics
How this home compares to 818 active listings in Long Beach, CA
| Long Beach median | This listing | |
|---|---|---|
| Median listing price | $879,675 | $1,600,000 |
| Median days on market | 57 | 317 |
| Median Sq Ft | 1,404 | 7,100 |
| Median price / Sq Ft | $585 | $225 |
Market statistics compiled from active EXIT Realty® and MLS listings in Long Beach, CA.
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