Land — 317 Elm, Long Beach, CA

About this property

317 Elm Avenue presents a rare opportunity to acquire a truly hands-off, income-producing asset in the heart of Downtown Long Beach. Located directly across the alley from a major United States Postal Service facility, the 7,512-square-foot parking lot is leased to the USPS for truck parking. Beginning February 1, 2027, the property will generate $9,895.83 per month—or $118,750 annually—under a new five-year lease. The USPS is responsible for all property maintenance, providing the owner with predictable income and minimal day-to-day management. Competitively priced at a 5.19% cap rate, the property offers investors an attractive combination of reliable income, exceptional credit tenancy and minimal operating responsibility. Notably, with no viable alternative parking for their vehicles in the area, the USPS operates as a captive tenant—a dynamic that strengthens the likelihood of lease renewal and creates a compelling opportunity to negotiate extended terms beyond the initial five-year period if desired. Beyond its strong current cash flow, the property offers compelling long-term development potential. The parcel is located within Downtown Long Beach’s PD-30 zoning district, positioning it for a variety of future development possibilities. The five-year lease runway gives an investor time to evaluate, design and pursue entitlements for a future project while continuing to collect substantial rental income.

Property details

Location

317 Elm • Long Beach, CA 90802

More homes for sale and rent in Long Beach, CA →

Listed by

Cody Charnell · Sage Real Estate Group, Inc.

Nearby listings in Long Beach, CA

• 2075 E Appleton Street 27, Long Beach, CA · $349,999
• 615 E Broadway 203, Long Beach, CA · $2,100/mo
• 1200 E Ocean 57, Long Beach, CA · $525,000
• 6020 Ocean Boulevard, Long Beach, CA · $3,440,000
• 7890 E Spring Street 17P, Long Beach, CA · $429,750
• 707 W 4th 7, Long Beach, CA · $385,000
• 801 Alamitos Avenue, Long Beach, CA · $1,599,000
• 2332 E 17th 101, Long Beach, CA · $379,999
• 4409 E 10th Street, Long Beach, CA · $1,125,000
• 3565 Linden 237, Long Beach, CA · $339,999
• 811 Ohio, Long Beach, CA · $1,850,000
• 1067 N Norman Court, Long Beach, CA · $799,000

See all homes in Long Beach, CA