228 Elm Ave, Long Beach, CA 90802

$3,995,000
List Price
$3,995,000
MLS#
20-636036
Lot Size
12,075
Property Type
Land

Property Description

Deep in Downtown Long Beach, we present for sale a double-lot with tremendous potential. Take advantage of Long Beach's recent Downtown Plan which takes the PD-30 Zoning and turns it upside down, giving you the potential to be part of the high-rise LB Downtown community! The Sellers are offering a Conceptual Design for 51 residential units with one level of subterranean parking and one parking level on grade (for a total of 48 parking spots). The Conceptual Design includes a mix of Studios, Ones and Twos, utilizing some aspects of the new Long Beach Micro Unit Pilot Program (which hopes to add 500 micro-units to the LB Central Downtown Core). This tremendous opportunity is in the thick of things, surrounded by everything, right by the Convention & Entertainment Center and well under a mile from the beach! Options are practically endless for this Opportunity Zone site in the booming Long Beach market! Sale includes residential and parking income. 2 APNs: 7281-016-009 & 7281-016-052.

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Courtesy of , Dario Svidler.

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