$5,250,000 - 228 Elm Avenue, Long Beach

  • 0Beds
  • Baths
  • SQ. Feet
  • 0.28Acres

Deep in Downtown Long Beach, we present for sale a double-lot with tremendous potential. Take advantage of Long Beach's recent Downtown Plan which takes the PD- 30 Zoning and turns it upside down, giving you the potential to be part of the high-rise LB Downtown community!Want a 240 foot height limit? You have it. Want to build even higher? How's 500 feet? With reasonable requirements, 500 feet is within reach! Want to build over 200 units? Sure. Or better yet, build a hotel, which requires just one half a parking space per hotel room! Or mix it up and build condos with hotel rooms and some commercial.This tremendous opportunity is in the thick of things, surrounded by everything, right by the Convention & Entertainment Center and well under a mile from the beach! Sale includes two APNs plus vacated Alley - 7281-016-009 & 7281-016-052.

Sales Agent

Sam SmithBeach Cities Real EstatePhone: 562-355-8228 Cell: 562-355-8228 Contact Agent Now

Essential Information

  • MLS® #:18416408
  • Price:$5,250,000
  • Acres:0.28
  • Type:Lot-Land
  • Sub-Type:Lots and Land
  • Status:Active

Community Information

  • Address:228 Elm Avenue
  • Area:Downtown Area, Alamitos Beach (4)
  • City:Long Beach
  • County:Los Angeles
  • State:CA
  • Zip Code:90802

Amenities

  • View:See Remarks

Additional Information

  • Date Listed:December 18th, 2018
  • Days on Market:31
  • Zoning:Downtown LB Plan
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Provided By: Dario Svidler(01884474), Compass.

Based on information from California Regional Multiple Listing Service, Inc. as of January 18th, 2019 at 10:52pm CST. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.