335 Pacific Ave | Long Beach, CA 90802
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- LoopNet Team
335 Pacific Ave
Long Beach, CA 90802
The Varden Hotel · Hospitality Property For Sale
·
9,726 SF
INVESTMENT HIGHLIGHTS
- Option to Re-Entitle: Prime candidate for re-entitlement into affordable or market rate housing.
- High In-Place Cash Flow: Near 7% in place Cap Rate, perfect for offsetting holding costs.
- Proven Multifamily Market: High justifiable rents for market-rate housing + excellent track record for Affordable Housing.
- Current Entitlements: 141 total units with 110 micro units.
- Prime Location: Amenity rich area of downtown Long Beach + easily accessible with walking distance to mass transit.
PROPERTY FACTS
| Property Type | Hospitality | No. Stories | 3 |
| Property Subtype | Hotel | Year Built | 1929 |
| Building Class | B | Parking Ratio | 4.32/1,000 SF |
| Lot Size | 0.34 AC | Corridor | Interior |
| Building Size | 9,726 SF | ||
| Zoning | PD30, Long Beach | ||
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | B |
| Lot Size | 0.34 AC |
| Building Size | 9,726 SF |
| No. Stories | 3 |
| Year Built | 1929 |
| Parking Ratio | 4.32/1,000 SF |
| Corridor | Interior |
| Zoning | PD30, Long Beach |
AMENITIES
- Business Center
- High Speed Internet Access
- Boutique/Lifestyle Hotel
- Public Access Wifi
- Smoke-Free
PROPERTY TAXES
| Parcel Number | 7280-015-097 | Improvements Assessment | $824,499 |
| Land Assessment | $9,231,446 | Total Assessment | $10,055,945 |
PROPERTY TAXES
Parcel Number
7280-015-097
Land Assessment
$9,231,446
Improvements Assessment
$824,499
Total Assessment
$10,055,945
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