3061 Long Beach, Long Beach, CA 90807
Commercial property
Sold October 2026
Listing Agent: Samir Rai (DRE #01868728) · Listing Office: Keystone Realty Group · Contact: 909-994-9090 · Bought with: Samir Rai · Keystone Realty Group · MLS #TR26109242 · Source: CRMLS
How this sale compares
3061 Long Beach sold for $640,000 in October 2026, 15% under its $749,000 list price, after 49 days on the market. It was first listed at $799,000.
Figures are MLS-reported closed sales (CRMLS). Nalren does not estimate values.
Description
Exceptional opportunity to acquire a prime corner-lot multifamily development site located in one of Long Beach’s most sought-after transit corridors. Offered at a newly reduced price of $749,900, the property features conditionally approved plans for a ±13,000 SF, three-story apartment project consisting of 14 units (including 3 affordable units). Designed for maximum efficiency, the project carries no on-site parking requirement, significantly reducing future construction costs and maximizing net rentable square footage. For investors seeking immediate cash flow during the entitlement and permitting process, the property is currently occupied by a cooperative month-to-month tenant who covers all day-to-day operational responsibilities. This provides a steady interim revenue stream with no maintenance burden to the owner. Investment Highlights: Currently generating $4000/month, tenant on MTM, and willing to work with the new owner to update their lease terms/price. This other bonus is this an Exceptional opportunity to acquire a potential 14-unit multifamily development site located in one of Long Beach’s most sought-after development zones and within a designated transit corridor.
Listing description from the October 2026 sale, as reported to CRMLS.
Sale history