1827 Pacific AveLong Beach, CA 90806

Property Details for 1827 Pacific Ave

Year built

1938

Lot size

0.37 AC

Zone code

LBCCA

Property type

Land

Property subtype

Commercial land

APN

7209-022-900

APU

7209022900

Description

Exceptional 0.37-acre commercial land parcel located at 1827 Pacific Ave, Long Beach, CA 90806, is offered for sale at $1,027,000. This property, with Assessor Parcel Number 7209-022-900, presents a unique opportunity for development within the Midtown Specific Plan Transit Node (SP-1-TN) zoning. The lot size is approximately 15,928 square feet, although a 2-foot alley dedication will be required, resulting in a net buildable area of roughly 15,800 square feet. The General Plan designates this area as Transit Oriented Development Low Density/7 Stories, allowing for significant development potential. The property's zoning allows for a range of uses, including residential development. However, a Residential Development Covenant mandates that if ten or more residential units are built, at least 15% must be sold or rented as affordable housing. The Specific Plan suggests a typical density of 30 to 60 dwelling units per acre, while the General Plan allows up to 44 units per acre for residential projects. Non-residential development is also possible, with a Floor Area Ratio (FAR) of 1.5 to 3.00. This prime location in Long Beach offers exceptional potential for investors seeking a high-return development opportunity in a thriving transit-oriented area. The seller is the City of Long Beach.

• Alternative Use

  Use

  Valuation

  Residential

  $4,512,508

  Hospitality

  $4,133,432

  Educational

  $3,438,967

  Medical

  $3,557,239

  Retail

  $5,349,504

Location Insight

City

Long Beach

County

Los Angeles

State

California

Latitude

33.7905

Longitude

-118.194

CBSA code

31080

CBSA name

LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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