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923 Long Beach Blvd - .38 Acre Transit-Oriented Development Site Lot • Résidentiel • 0,38 Acres • 4 761 785 $ CAD • Long Beach, CA 90813
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Faits saillants de l'investissement
- A variety of employment opportunities are available nearby
- Supportive downtown apartment fundamentals
- Exceptional rail access for an infill apartment site
- The need for affordable housing is supported by local wage levels in sectors such as health care, education, hospitality, transportation, etc...
Résumé de l'annonce
Zoned under the Downtown Plan PD-30 Height Incentive Area, the site allows for a maximum Floor Area Ratio (FAR) of 5.0 and a height limit of 150 feet, making it ideal for a high-density residential development. Preliminary studies suggest the potential for a 9-story, 108 unit affordable housing project, with rents set at or below 80% of Area Median Income (AMI).
The site benefits from its proximity to a diversified employment base, including St. Mary Medical Center, Long Beach Unified School District, the Port of Long Beach, and Long Beach City College, among others. These major employers provide a stable workforce and drive demand for affordable housing in the area. Additionally, Long Beach's strong apartment fundamental further reinforce the viability of this development.
This offering represents a unique opportunity to invest in a high-potential development site in a thriving urban area with strong market fundamentals, significant public and private investment, and a growing demand for affordable housing.
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Faits sur la propriété
1 Lot disponible
Lot
| Prix | 4 761 785 $ CAD | Taille du lot | 0,38 AC |
| Prix par AC | 12 531 013,08 $ CAD |
| Prix | 4 761 785 $ CAD |
| Prix par AC | 12 531 013,08 $ CAD |
| Taille du lot | 0,38 AC |
923 & 927 Long Beach Boulevard in Prime Long Beach is a .38 acre transit-oriented development site strategically positioned in the heart of Long Beach's vibrant downtown corridor. Zoned under the Downtown Plan PD-30 Height Incentive Area.
Description
Zoned under the Downtown Plan PD-30 Height Incentive Area, the site allows for a maximum Floor Area Ratio (FAR) of 5.0 and a height limit of 150 feet, making it ideal for a highdensity residential development. Preliminary studies suggest the potential for a 9-story, 108 unit affordable housing project, with rents set at or below 80% of Area Median Income (AMI). The site benefits from its proximity to a diversified employment base, including St. Mary Medical Center, Long Beach Unified School District, the Port of Long Beach, and Long Beach City College, among others. These major employers provide a stable workforce and drive demand for affordable housing in the area. Additionally, Long Beach's strong apartment fundamental further reinforce the viability of this development. This offering represents a unique opportunity to invest in a high-potential development site in a thriving urban area with strong market fundamentals, significant public and private investment, and a growing demand for affordable housing
Impôts fonciers
| Numéros de lot | Évaluation des bâtiments | 0 $ CAD | |
| Évaluation du terrain | 775 303 $ CAD | Évaluation totale | 775 303 $ CAD |
Impôts fonciers
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923 Long Beach Blvd - .38 Acre Transit-Oriented Development Site
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