FOR SALE0.38 ACRES
Listed by Mihwa Yi, eXp Realty of Southern Ca, Inc, (888) 294-1415
Local Information
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Description
Welcome to the exciting opportunity to invest in a prime 75-unit apartment construction project with entitlement in the vibrant city of Long Beach, California! Presenting a premium opportunity for developers to create a stunning 75-unit apartment complex on prime land in a highly sought-after location. Seller's motivated. Submit all offers with a Proof of funds. Property Highlights: 1. Prime Location: The property is conveniently located close to major transportation routes (only 6~7 minutes walk to the Anaheim station and the Fifth Street Station), shopping centers, entertainment, and employment centers, making it an attractive choice for renters. This location offers excellent connectivity to downtown Long Beach, neighboring cities and beyond. 2. Entitlements in Place: This development project comes with entitlements in place for 75 dwelling units, out of which 4 units are low-income units, saving you significant time and effort in obtaining other permits. This project contains 11 studio units, 53 One bedroom units, and 11 two bedroom units. 3. Approved Entitlement Description: New six-story residential building consisting 75 residential units with ground level and three levels of subterranean parking located on two separate lots in the Planned Development (PD-30) zoning district and High-Density Development Site. 4. This Project is within the scope of the previously-certified Downtown Plan Program Environmental Impact Report (PEIR). 5. Strong Market Demand: Long Beach is a thriving rental market with high demand for apartments. The city's diverse economy, job opportunities, and desirable location attract a diverse group of renters, including professionals, families, and students. The strong rental demand and limited supply in the area make this development project a promising investment opportunity. 6. With thoughtfully designed communal spaces, residents will enjoy a contemporary fitness center, a serene courtyard with outdoor seating and BBQ area, separate storage spaces, and ample parking for residents and guests. Don't miss out on this exceptional investment opportunity in Long Beach. With entitlements in place, a prime location, strong market demand, and a proven development team, this 75-unit multi-family apartment project has the potential to deliver significant returns on your investment.
Home Highlights
Parking
No Info
Outdoor
No Info
A/C
Contact Manager
HOA
None
Price/Sqft
No Info
Listed
180 days ago
Home Details for 923 Long Beach Blvd #2
Interior Features |
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View Has a ViewView: City Lights |
Exterior Features |
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Parking & Garage No Garage |
Frontage Not on Waterfront |
Surface & Elevation Elevation Units: Feet |
Days on Market |
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Days on Market: 180 |
Property Information |
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Property Type / Style Property Type: LandProperty Subtype: Unimproved Land |
Building Not a New ConstructionHas Additional Parcels |
Property Information Usage of Home: New Six-story Residential Building Consisting 75 Residential Units With Ground Level And Three Levels Of Subterranean Parking Located On Two Separa...Parcel Number: 7273012011Additional Parcels Description: 7273012017 |
Price & Status |
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Price List Price: $3,300,000 |
Status Change & Dates Off Market Date: Mon Dec 11 2023 |
Active Status |
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MLS Status: Active |
Location |
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Direction & Address City: Long BeachCommunity: Downtown (DT) |
Agent Information |
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Listing Agent Listing ID: PW23060481 |
Community |
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Community Features: UrbanNot Senior Community |
HOA |
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Association for this Listing: California Regional MLSNo HOAHOA Fee: No HOA Fee |
Lot Information |
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Lot Area: 0.38 acres |
Listing Info |
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Special Conditions: Standard |
Compensation |
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Buyer Agency Commission: 2Buyer Agency Commission Type: % |
Notes The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed |
Miscellaneous |
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Mls Number: PW23060481 |
Additional Information |
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Urban |
Last check for updates: about 20 hours ago
Listing Provided by: Mihwa Yi DRE #01987254
eXp Realty of Southern Ca, Inc
Originating MLS: California Regional MLS
Source: CRMLS, MLS#PW23060481
Price History for 923 Long Beach Blvd #2
| Date | Price | Event | Source |
|---|---|---|---|
| 02/05/2024 | $3,300,000 | PriceChange | CRMLS #PW23060481 |
| 12/12/2023 | $3,500,000 | Pending | CRMLS #PW23060481 |
| 11/27/2023 | $3,500,000 | Contingent | CRMLS #PW23060481 |
| 09/28/2023 | $3,500,000 | Pending | CRMLS #PW23060481 |
| 08/03/2023 | $3,500,000 | Contingent | CRMLS #PW23060481 |
| 05/18/2023 | $3,500,000 | PriceChange | CRMLS #PW23060481 |
| 04/12/2023 | $3,800,000 | Listed For Sale | CRMLS #PW23060481 |
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Comparable Sales for 923 Long Beach Blvd #2
Address | Distance | Property Type | Sold Price | Sold Date | Bed | Bath | Sqft |
|---|---|---|---|---|---|---|---|
0.71 | Lot/Land | $4,900,000 | 05/23/23 | - | - | ||
0.62 | Lot/Land | $170,000 | 04/22/24 | - | - | ||
1.50 | Lot/Land | $75,000 | 12/04/23 | - | - | ||
1.29 | Lot/Land | $220,000 | 03/12/24 | - | - | ||
1.43 | Lot/Land | $489,000 | 10/10/23 | - | - | ||
1.60 | Lot/Land | $170,000 | 04/22/24 | - | - | ||
1.99 | Lot/Land | $515,000 | 05/09/23 | - | - | ||
2.00 | Lot/Land | $515,000 | 05/09/23 | - | - | ||
2.04 | Lot/Land | $100,000 | 10/17/23 | - | - |
Neighborhood Overview
Neighborhood stats provided by third party data sources.
What Locals Say about Willmore City
- Trulia User
- Resident
- 1y ago
"homeless activity it hight here now. wish that was under control better. Parking is horrible, too populated "
- V.selene5
- Resident
- 3y ago
"It’s a nice neighborhood. But I absolutely hate like that there is no parking. Anywhere!!! They made too many apartments with not enough parking smh"
- Katherine E. W.
- Resident
- 4y ago
"Access to public transportation is good but A line needs better cleaning service and more security presence. Lots of sketchy opportunistic predators on certain stretches. Local transit is well maintained but schedules don't coordinate well with other lines. "
- Katherine E. W.
- Resident
- 4y ago
"The local bus service is not coordinated well with the train. The A line to Los Angeles is very unsafe with lots of sketchy characters who will steal your phone when you're not looking."
- Bridget H.
- Resident
- 4y ago
"Stray small dogs and poop often found around. There are a few dog walkers and they seem to take good care of the dogs."
- Arian M.
- Resident
- 4y ago
"we need more street lights or stop signs. too many car accidents are happening we also need more parking parking is really hard to find after 5 P.M"
- Bridget H.
- Resident
- 4y ago
"Aside of alcoholics and murderers nearby people often urinate and defecate in the alleys. This is not a safe area for kids... or even adults after dark. walk with pepper spray."
- Bret R.
- Resident
- 4y ago
"The blue line is a close walk. The 710 is a mile away. The area is easily accessible. I drive or take the train to compton which takes 15-20 minutes. "
- Marina D.
- Resident
- 4y ago
"Its pretty densely populated in this area, which means traffic very much depends on the day. Most the time it’s not too bad. I avoid the 710 at all costs and take 7th street always. "
- V.selene5
- Resident
- 4y ago
"It’s nice to live here. What sucks the most is the parking!! There is NEVER PARKING! People are selfish and the city of Long Beach does not care about the parking situation. That’s a huge issue in this city. Besides that it’s a good place to live in. "
- V.selene5
- Resident
- 4y ago
"Usually at the Drake park. Or like on Halloween the whole entire neighborhood is out enjoying the time. One thing I hate the most is when cars save parking for each other it’s not fair. Long Beach needs to make more parking!!!"
- Bridget H.
- Resident
- 4y ago
"Lots of homeless. Dont walk down most alleys past 7pm. It is dangerous. Lots of drunks. Urine in alleys and sometimes feces. I have lived here for 1 year."
- V.selene5
- Resident
- 4y ago
"They have special summer events at the park. Besides that it’s walking distance to downtown LongBeach and the beach also the The Pike Outlets. I love living here. "
- Sil_ramirez1
- Resident
- 5y ago
"Lived in this neighborhood for 2 years and there’s no parking, never! People are friendly and walk their dogs everyday. "
- Kjmitch39
- Resident
- 5y ago
"My neighborhood is quiet, friendly and diverse. It's close to everything, including the Metro train to LA, and the water."
- Kythompson52
- Resident
- 5y ago
"that we get along well and I know the grocery store people by first name base it's very friendly people who live in this neighborhood "
LGBTQ Local Legal Protections
LGBTQ Local Legal Protections
Mihwa Yi, eXp Realty of Southern Ca, Inc
The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. as of 2024-01-24 10:53:37 PST and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.
Based on information from California Regional Multiple Listing Service, Inc. as of 2024-01-24 10:53:37 PST and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.
923 Long Beach Blvd #2, Long Beach, CA 90813 is a lot/land. 923 Long Beach Blvd #2 is located in Willmore City, Long Beach. This property is currently available for sale and was listed by CRMLS on Apr 12, 2023. The MLS # for this home is MLS# PW23060481.