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923 Long Beach Blvd
Long Beach, CA 90813 Downtown Long Beach

$3,500,000 USD

Land For Sale  •  0.38 AC

Property Details

  • Property Type Land
  • Lot Size 0.38 AC
  • Zoning LBPD30 - Downtown Plan
80 Transit Score
90 Walk Score

Description 

Zoned under the Downtown Plan PD-30 Height Incentive
Area, the site allows for a maximum Floor Area Ratio (FAR) of
5.0 and a height limit of 150 feet, making it ideal for a highdensity residential development. Preliminary studies suggest
the potential for a 9-story, 108 unit affordable housing
project, with rents set at or below 80% of Area Median
Income (AMI).
The site benefits from its proximity to a diversified employment
base, including St. Mary Medical Center, Long Beach
Unified School District, the Port of Long Beach, and Long
Beach City College, among others. These major employers
provide a stable workforce and drive demand for affordable
housing in the area. Additionally, Long Beach's strong
apartment fundamental further reinforce the viability of this
development.
This offering represents a unique opportunity to invest in a
high-potential development site in a thriving urban area with
strong market fundamentals, significant public and private
investment, and a growing demand for affordable housing

Highlights

A variety of employment opportunities are available nearby
Exceptional rail access for an infill apartment site
Supportive downtown apartment fundamentals
The need for affordable housing is supported by local wage levels in sectors such as health care, education, hospitality, transportation, etc...

Public Transportation

Transit/SubwayDriveWalkDistance
Anaheim Station (Blue Line - Los Angeles County Metropolitan Transportation Authority (Metro)) 2 min 5 min 0.3 mi
5Th Street Station (Blue Line - Los Angeles County Metropolitan Transportation Authority (Metro)) 1 min 6 min 0.3 mi
Pacific Station (Blue Line - Los Angeles County Metropolitan Transportation Authority (Metro)) 2 min 12 min 0.6 mi
1St Street Station (Blue Line - Los Angeles County Metropolitan Transportation Authority (Metro)) 2 min 13 min 0.7 mi
Long Beach Transit Mall (Blue Line - Los Angeles County Metropolitan Transportation Authority (Metro)) 2 min 17 min 0.9 mi
AirportDriveWalkDistance
Long Beach (Daugherty Field) 11 min - 4.8 mi
John Wayne/Orange County 32 min - 21.3 mi
Los Angeles International 32 min - 22.1 mi
Tommy Yates 415-408-1019 Northmarq
Tommy Yates 415-408-1019 Northmarq