300 ALAMITOS Avenue, Long Beach, CA 90802

About this property

We are pleased to present 300 Alamitos Avenue in Downtown Long Beach, California. The Offering is fully entitled for a 71 unit multifamily building in Prime Alamitos Beach. The mid-rise development will comprise of 89,662 SF of rentable area consisting of Studio, 1 Bed and 2 Bed units. Community amenities include a garden, fitness center, rooftop deck, bike kitchen, incredible views of the ocean, etc. The 0.59 acre site has excellent frontage on Alamitos Avenue and is approximately 4 blocks from the sand and ocean of Alamitos Beach.The Offering is well located within Downtown Long Beach's core which is undergoing a major urban revival with public and private investment. The Site boasts a Walk Score of 97 and is proximate to many popular restaurants, nightlife, entertainment, waterfront activities, etc. Long Beach has been experiencing a boom in major developments, attracting new investors and tenants. There's over $3.5 billion new construction projects throughout the city. This level of development has created approximately 9,000 new jobs. The Downtown Plan (PD-30) has become the driving force of this revitalization.The Offerings fully entitled status offers investors and developers a quick path to this booming market with the ability to break ground shortly after close of escrow.

Listing description from the May 2023 sale, as reported to CRMLS.

Sale history

$4,900,000

Sold May 2023 · listed $5,250,000, on market March 2022 · MLS #22136247 · Source: CRMLS

Listing Agent: Filip Niculete · Listing Office: Marcus & Millichap · Contact: 818-212-2700 · Bought with: Filip Niculete · Marcus & Millichap

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