$3,850,000
FOR SALEActive154 Elm Avenue
Long Beach CA 90802
7,500
SF
Commercial
Type
1921
Built
$513/SF
Cost/SF
Listing Agent
Elena Tarasova
Listing Agent
DRE #: 01718015
(424) 203-1800Brokerage: Douglas Elliman of California, Inc.
Location Analysis
About This Property
Premier Downtown Long Beach redevelopment and investment opportunity in the heart of the East Village Arts District, surrounded by new residential growth and a thriving mix of dining, retail, and entertainment. Just minutes from the Long Beach Convention Center, Queen Mary, Metro transit, waterfront, and beaches, with convenient access to the cruise terminal, Belmont Shore, The Pike Outlets, Seal Beach, and Huntington Beach. Long Beach's signature annual events, including the Grand Prix and Pride, further contribute to the area's year-round activity and destination appeal.A rare grandfathered hotel entitlement creates exceptional flexibility and adds a valuable dimension to the site's future potential. Envision a landmark multilevel mixed-use development with ground-floor retail and residential above, a multilevel residential community, or a hotel/hospitality-driven concept capitalizing on this exceptional location and existing entitlement.As Downtown Long Beach continues to attract significant investment and residential growth, sites offering this combination of location, flexibility, and entitlement are increasingly scarce. An exceptional opportunity to create a signature project and help shape the next chapter of one of Southern California's most dynamic urban districts!
Property Information
Property Overview
Commercial
Property Type
Active
Status
LBPD30
Zoning
0.0854 acres
Lot Size
18
Total Units
7,500 SF
Square Footage
$513.33/SF
Price per SF
1,921
Year Built
2
Stories
Property Highlights
N/A Property
Prime Location with High Visibility
Location Analysis
Building Details
Zoning & Use
Investment Metrics
Data not available.
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CRMLS
MLS# 26897143
Listed:
Nalren refreshed:
Last updated
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Listed by: Douglas Elliman of California, Inc.
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