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.
Property Details
Property Features
Listing Office:
Office Name: eXp Realty of Southern Ca, Inc
Office Phone: (888) 294-1415
Listing Agent: Mihwa Yi
Exterior Features
Exterior Information:
View: City Lights
Lot Features
Lot Information:
Lot Size: 0.38 Acres
Other
Directions Information:
Directions: Long Beach Blvd+9th St
Price Information
Listing Price Info
Price Summary:
List Price: $3,300,000
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Housing Market Comparison
See how this home compares to others in Long Beach, CA.
This property is $2.5M more than the Median Sold Price in Long Beach, CA.
Based on homes sold in the last 12 months
MLS Details
MLS Information:
MLS Name: CRMLS
MLS Number: #PW23060481
Listing Office:
Office Name: eXp Realty of Southern Ca, Inc
Office Phone: (888) 294-1415
Listing Agent: Mihwa Yi
Based on information from California Regional Multiple Listing Service, Inc. 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. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by IHR Technology Services. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available. Data displayed may be a portion of, and not a complete set of all listings published in the MLS. Last updated on: 4/30/2024, 2:25:18 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Property Sales & Tax
Listing History
DATE
EVENT
PRICE
May 08, 2014
May 08, 2014Home Sold
$420,000
History based on county public records data.
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Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
We're sorry, we currently don't have assigned school data for this listing.
Nearby Schools
5
/10
International Elementary School
700 Locust Ave
Distance between this listing and this school0.24 miles
Public District Grades KG-5
4
/10
Stevenson Elementary School
515 Lime Ave
Distance between this listing and this school0.41 miles
Public District Grades KG-5
6
/10
Lincoln Elementary School
1175 E 11th St
Distance between this listing and this school0.72 miles
Public District Grades KG-5
Nearby Schools
3
/10
Washington Middle School
1450 Cedar Ave
Distance between this listing and this school0.57 miles
Public District Grades 6-8
6
/10
Franklin Classical Middle School
540 Cerritos Ave
Distance between this listing and this school0.70 miles
Public District Grades 6-8
4
/10
Jessie Nelson Academy
1951 Cherry Ave
Distance between this listing and this school1.53 miles
Public District Grades 6-8
Nearby Schools
4
/10
Renaissance High School For The Arts
235 E 8th St
Distance between this listing and this school0.14 miles
Public Magnet Grades 9-12
5
/10
Polytechnic High School
1600 Atlantic Ave
Distance between this listing and this school0.66 miles
Public Magnet Grades 9-12
2
/10
Cabrillo High School
2001 Santa Fe Ave
Distance between this listing and this school1.91 miles
The neighbors living near this home have an average income of $49,291. Typical income of Long Beach, CA residents is between $35k-100k annually. The majority of families are single, no kids. Most residents in this area have post secondary degree education.
All data provided by Home Junction and Claritas
Frequently Asked Questions About 923 Long Beach Blvd
What is the listing price of this property?
The listing price of 923 Long Beach Blvd property is $3,300,000.
What type of property is this?
The property 923 Long Beach Blvd is land located in Long Beach, California, 90813.
Is this property for sale now?
Active Listing: 923 Long Beach Blvd is For Sale (Active/New) which means the seller is accepting offers.
When was this property sold last time and for how much?
The last sale was on May 8, 2014 for $420,000. (source: MLS/tax record).
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This home is located at 923 Long Beach Blvd in Long Beach, CA and zip code 90813 in the The Harbor neighborhood. This home sits on a 0.38 acre lot. It has been listed on Rocket Homes since April 12, 2023 and is currently priced at $3,300,000.
Long Beach, CA housing market in March 2024 saw over 76 listings sold above listed price, more than 39 sold at listed price and over 59 sold below. The number of listings in Long Beach, CA increased by 1.8% between February 2024 and March 2024. The median list price of listings available in March 2024 was $790,000, while the average time on the real estate market was 31 days.
From Rocket Homes Real Estate and based on county public records data.