923 Long Beach Boulevard
923 Long Beach Boulevard
Description
1. Prime Location: The property is conveniently located close to major transportation routes (only 6~7 minutes walk...Welcome to the exciting opportunity to invest in a prime 75-unit apartment construction project with entitlement in the vibrant city of Long Beach, California! Presenting a premium opportunity for developers to create a stunning 75-unit apartment complex on prime land in a highly sought-after location. Seller's motivated. Submit all offers with a Proof of funds. Property Highlights:
1. Prime Location: The property is conveniently located close to major transportation routes (only 6~7 minutes walk to the Anaheim station and the Fifth Street Station), shopping centers, entertainment, and employment centers, making it an attractive choice for renters. This location offers excellent connectivity to downtown Long Beach, neighboring cities and beyond.
2. Entitlements in Place: This development project comes with entitlements in place for 75 dwelling units, out of which 4 units are low-income units, saving you significant time and effort in obtaining other permits. This project contains 11 studio units, 53 One bedroom units, and 11 two bedroom units.
3. Approved Entitlement Description: New six-story residential building consisting 75 residential units with ground level and three levels of subterranean parking located on two separate lots in the Planned Development (PD-30) zoning district and High-Density Development Site.
4. This Project is within the scope of the previously-certified Downtown Plan Program Environmental Impact Report (PEIR).
5. Strong Market Demand: Long Beach is a thriving rental market with high demand for apartments. The city's diverse economy, job opportunities, and desirable location attract a diverse group of renters, including professionals, families, and students. The strong rental demand and limited supply in the area make this development project a promising investment opportunity.
6. With thoughtfully designed communal spaces, residents will enjoy a contemporary fitness center, a serene courtyard with outdoor seating and BBQ area, separate storage spaces, and ample parking for residents and guests. Don't miss out on this exceptional investment opportunity in Long Beach. With entitlements in place, a prime location, strong market demand, and a proven development team, this 75-unit multi-family apartment project has the potential to deliver significant returns on your investment.
- Listed by Mihwa Yi • DRE #01987254 • Brokerage DRE #02187306 • eXp Realty of Southern Ca, Inc
Property Details for 923 Long Beach Boulevard
Location
Property Details for 923 Long Beach Boulevard
| Status | Active |
|---|---|
| MLS # | PW23060481 |
| Days on Market | 184 |
| Taxes | - |
| HOA Fees | - |
| Condo/Co-op Fees | - |
| Compass Type | Land |
| MLS Type | Lot/Land |
| Year Built | - |
| Lot Size | 0.38 AC |
| County | Los Angeles County |
Location
Building Information for 923 Long Beach Boulevard
Payment Calculator
$18,340 per month
30 year fixed, 7.25% Interest
$18,009
$331
$0
Property Information for 923 Long Beach Boulevard
- Tax Block: 7
- Tax Census Tract: 5763.01
- CFD/Mello-Roos Fee: $67
- Tax Lot: 2
- Community Features: Urban
- View Description: City Lights
- Distance To Water: Public
- Additional Parcels Description: 7273012017
- Lot Features: Lot 10000-19999 Sqft
- Current Use Comments: Empty lots
- Possible Use Comments: New six-story residential building consisting 75 residential units with ground level and three levels of subterranean parking located on two separa...
- Land Lease: No
- Land Lease Type: Fee
- Water: Public
- Water Source: Public
- Carport Spaces: 0
- Builders Tract Name: Downtown
- Builders Tract Code: Downtown (DT)
Property History for 923 Long Beach Boulevard
| Date | Event & Source | Price | Appreciation |
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| Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 923 Long Beach Boulevard
Schools near 923 Long Beach Boulevard
Rating | School | Type | Grades | Distance |
|---|---|---|---|---|
| Public - | K to 5 | |||
| Public - | 6 to 8 | |||
| Public - | 9 to 12 | |||
| Public - | 9 to 12 |
Rating | School | Distance |
|---|---|---|
International Elementary School PublicK to 5 | ||
Washington Middle School Public6 to 8 | ||
Polytechnic High School Public9 to 12 | ||
Renaissance High School For The Arts Public9 to 12 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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Listing Courtesy of eXp Realty of Southern Ca, Inc, Mihwa Yi, DRE #01987254
Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.