917 Pine AveLong Beach, CA 90813
- Healthcare properties
- 3,026 SF
Property Details for 917 Pine Ave
- Year built
- 1954
- Construction
- WOOD
- Lot size
- 0.17 AC
- Property size (Sq ft)
- 3,026 SF
- Zone code
- LBR4N
- Property type
- Healthcare properties
- Property subtype
- Medical offices
- APN
- 7273-014-013
- APU
- 7273014013
Description
This exceptional 0.17-acre development opportunity is situated at 917 Pine Avenue in the vibrant North Pine area of Downtown Long Beach, California (APN 7273-014-013). The property is offered fee simple and zoned PD30, allowing for high-density and mixed-use development. This zoning designation actively promotes transit-oriented development, walkability, and job creation, aligning with the city's vision for sustainable urban growth. The site's potential is further enhanced by its proximity to the adjacent parcel at 909 Pine Avenue, which is slated for the construction of a 49-unit micro-apartment building, including six affordable units. This neighboring development underscores the area's strong demand for residential housing and its suitability for high-density projects. The asking price for this exceptional land parcel is $1,399,000. This presents a unique chance to capitalize on the burgeoning growth and revitalization of Downtown Long Beach, creating a significant return on investment in a thriving urban environment. The property's location in Los Angeles County, zip code 90813, offers easy access to major transportation arteries and a wealth of amenities. This is a rare opportunity to acquire a strategically located parcel in a rapidly developing area of Long Beach.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $718,158
- 6.5%
- $662,915
- 7%
- $615,564
-
Comparable approach
- Method
- Valuation
- Relative Method
- $965,234
- Geo Method
- $965,234
-
Alternative Use
- Use
- Valuation
- Residential
- $822,014
- Hospitality
- $752,961
- Educational
- $626,454
- Medical
- $647,999
- Retail
- $974,485
Location Insight
- City
- Long Beach
- County
- Los Angeles
- State
- California
- Latitude
- 33.7782
- Longitude
- -118.193
- CBSA code
- 31080
- CBSA name
- LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
FAQs
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