615 E Ocean Blvd - Entitled 203-Unit Oceanview High-Rise- LBC 0.42 Acres of Residential Land Offered at $25,126,561 CAD in Long Beach, CA 90802

Kidder Mathews is pleased to present the exclusive opportunity to acquire 615 E Ocean Blvd, a fully entitled high-rise development site located in the heart of Downtown Long Beach. Positioned along the iconic Ocean Boulevard corridor, the property is just steps from the beach and within walking distance to an array of restaurants, cafes, nightlife, and cultural institutions.
With approximately 100 feet of prime frontage and constant foot and vehicle traffic, the site offers extraordinary visibility and panoramic views of the Pacific Ocean, marina, and city skyline, making it one of the most compelling development opportunities on the Southern California coast.
The project is entitled for a striking 21-story residential tower consisting of 203 units, including 13 units reserved for Very Low Income households under the city’s Inclusionary Housing Ordinance. The approved plans include 261 parking spaces in a fully automated structure, three loading bays, and 41 bicycle parking stalls. Through the use of one on-menu and two off-menu regulatory concessions under the Enhanced Density Bonus program, the project benefits from an 80% increase in allowable floor area ratio. A height exception has also been granted, allowing for a maximum building height of 257.5 feet, which is well above the standard 240-foot limit for the area, provided the project achieves LEED certification.
Downtown Long Beach continues to attract significant investment from both institutional and private developers, spurred by its coastal location, expanding residential population, and pro-growth city policies. The surrounding neighborhood features a dynamic mix of high-rise and mid-rise multifamily buildings, boutique hotels, office towers, and adaptive reuse projects. Residents are minutes from the Long Beach Convention and Entertainment Center, Shoreline Village, Aquarium of the Pacific, The Pike and Rainbow Harbor Waterfront, the Marina, and the Promenade. Other notable destinations include Pine Avenue, the Queen Mary, the Port of Los Angeles, and the nearby coastal neighborhood of Alamitos Beach.
The property is surrounded by major employers and offers excellent regional connectivity via the 710 and 405 Freeways. It is also located just a few blocks from the Metro A Line, providing direct transit access to Downtown Los Angeles and the greater LA region. As the city’s economic hub and cultural core, Downtown Long Beach offers a unique live-work-play environment with high barriers to entry and sustained demand for new housing.