List Search

335 Pacific Ave
Long Beach, CA 90802 Downtown Long Beach

Price Upon Request

Hotel For Sale  •  9,726 SF

Property Details

  • Property Type Hotel
  • Total Building Size 9,726 SF
  • Lot Size 0.34 AC
  • Building Class B
  • Year Built 1929
  • Tenancy Multiple
  • Zoning PD30, Long Beach
75 Transit Score
97 Walk Score

Highlights

Option to Re-Entitle: Prime candidate for re-entitlement into affordable or market rate housing.
Current Entitlements: 141 total units with 110 micro units.
High In-Place Cash Flow: Near 7% in place Cap Rate, perfect for offsetting holding costs.
Prime Location: Amenity rich area of downtown Long Beach + easily accessible with walking distance to mass transit.
Proven Multifamily Market: High justifiable rents for market-rate housing + excellent track record for Affordable Housing.

Amenities

  • Business Center
  • High Speed Internet Access
  • Boutique/Lifestyle Hotel
  • Public Access Wifi
  • Smoke-Free

Public Transportation

Transit/SubwayDriveWalkDistance
Pacific Station (Blue Line - Los Angeles County Metropolitan Transportation Authority (Metro)) 1 min 2 min 0.1 mi
Long Beach Transit Mall (Blue Line - Los Angeles County Metropolitan Transportation Authority (Metro)) 1 min 6 min 0.3 mi
1st Street Station (Blue Line - Los Angeles County Metropolitan Transportation Authority (Metro)) 2 min 8 min 0.4 mi
5th Street Station (Blue Line - Los Angeles County Metropolitan Transportation Authority (Metro)) 2 min 9 min 0.5 mi
Anaheim Station (Blue Line - Los Angeles County Metropolitan Transportation Authority (Metro)) 4 min 20 min 1.0 mi
AirportDriveWalkDistance
Long Beach (Daugherty Field) 14 min - 7.6 mi
John Wayne/Orange County 34 min - 21.8 mi
Los Angeles International 32 min - 21.9 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 42
Type: Surface
Included in Rent: Yes