FOR SALE0.52 ACRES
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Description
140-Unit Development Site in Prime Long Beach, Entitled at COE. Available for sale or joint venture, the offering consists of a forthcoming entitlement for a140-unit multifamily project on .516 acres of land situated on the corner of Pine Ave. and 10th St. Located just north of Downtown Long Beach and around the corner from the Pacific Ave. Blue Line light rail, the three-parcel site is subject to attractive high density zoning ideal for multifamily development. 937-947 Pine Ave. offers an incredible, walkable amenity base and transit connectivity. Ownership is in the process of obtaining an entitlement for a140-unit, woodframe over concrete podium, 8-story, at-grade apartment project with 15 restricted affordable units and approximately 2000 square feet of ground floor retail/amenity space. New construction apartments in Downtown Long Beach and the surrounding area achieve rents surpassing $4 per square foot, well above the submarket and County averages. As part of a state-mandated housing planning process to relieve the current housing shortage, the city of Long Beach is tasked with adding over 26,000 new homes to its housing stock by 2029. Housing permits have decreased significantly since over 1000 units were permitted in 2021 suggesting a lack of new supply once 937-947 Pine is expected to deliver.
Home Highlights
Parking
No Info
Outdoor
No Info
A/C
Contact Manager
HOA
None
Price/Sqft
No Info
Listed
29 days ago
Home Details for 937 Pine Ave
Interior Features |
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Appliances & Utilities Utilities: Electricity Connected, Natural Gas ConnectedTelephone: In Street |
Gas & Electric Gas: On SiteHas Electric on Property |
View Has a ViewView: Harbor, Bay, Bridge, Coastline, City Lights, City |
Exterior Features |
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Water & Sewer Sewer: In Street |
Surface & Elevation Topography: Flat |
Days on Market |
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Days on Market: 29 |
Property Information |
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Property Type / Style Property Type: LandProperty Subtype: Unimproved Land |
Building Has Additional Parcels |
Price & Status |
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Price List Price: $7,200,000 |
Active Status |
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MLS Status: Active |
Location |
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Direction & Address City: Long Beach |
Agent Information |
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Listing Agent Listing ID: 24-373895 |
Lot Information |
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Lot Area: 0.52 acres |
Listing Info |
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Special Conditions: Standard |
Compensation |
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Buyer Agency Commission: 2.500Buyer 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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Last check for updates: about 4 hours ago
Listing courtesy of Adam Peterson DRE # 01815802, (310) 954-7031
CB Richard Ellis, Inc.
Source: CLAW, MLS#24-373895
Price History for 937 Pine Ave
| Date | Price | Event | Source |
|---|---|---|---|
| 03/28/2024 | $7,200,000 | Listed For Sale | CLAW #24-373895 |
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Comparable Sales for 937 Pine Ave
Address | Distance | Property Type | Sold Price | Sold Date | Bed | Bath | Sqft |
|---|---|---|---|---|---|---|---|
0.84 | Lot/Land | $4,900,000 | 05/23/23 | - | - | ||
0.59 | Lot/Land | $170,000 | 04/22/24 | - | - | ||
1.44 | Lot/Land | $489,000 | 10/10/23 | - | - | ||
1.63 | Lot/Land | $75,000 | 12/04/23 | - | - | ||
1.46 | Lot/Land | $170,000 | 04/22/24 | - | - | ||
1.45 | Lot/Land | $220,000 | 03/12/24 | - | - | ||
2.12 | Lot/Land | $515,000 | 05/09/23 | - | - | ||
2.13 | Lot/Land | $515,000 | 05/09/23 | - | - | ||
2.17 | 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
Adam Peterson, CB Richard Ellis, Inc.
© 2024 The MLS™ - Combined L.A. Westside MLS (CLAW). All rights reserved. Based on information from The MLS™ - Combined L.A. Westside MLS (CLAW as of 2024-01-24 14:45:40 PST. 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.
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Information is deemed reliable but not guaranteed.
The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.
The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.
937 Pine Ave, Long Beach, CA 90813 is a lot/land. 937 Pine Ave is located in Willmore City, Long Beach. This property is currently available for sale and was listed by CLAW on Mar 28, 2024. The MLS # for this home is MLS# 24-373895.