1127 Olive AveLong Beach, CA 90813

Property Details for 1127 Olive Ave

Year built

1921

Property size (Sq ft)

6,308 SF

Property type

Other commercial real estate

Property subtype

Other land

Description

This exceptional 6,527 square foot commercial land parcel, located at 1127 Olive Ave in Long Beach, CA 90813, presents a compelling investment opportunity. The property, zoned LBR4, offers significant potential for development. With a total of 6,308 square feet of net rentable space spread across three buildings, this site boasts nine units built in 1921. The asking price is $600,000, translating to $95.12 per square foot, with a 2.68% cap rate. Its strategic location between Atlantic and Martin Luther King Jr. avenues provides proximity to local amenities and cultural centers. Convenient access to public transportation and major freeways (710, 110, and 405) enhances its appeal. Situated in the historic Cambodia Town neighborhood, this property offers a blend of convenience, walkability, and accessibility, making it an attractive investment prospect for developers seeking a value-add opportunity in a vibrant and well-connected area of Long Beach. The property's current vacant status allows for immediate development plans. This is a rare chance to acquire a well-positioned commercial lot with significant upside potential in a thriving Los Angeles County location.

Location Insight

City

Long Beach

County

Los Angeles

State

California

Latitude

33.7813

Longitude

-118.183

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