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300 ALAMITOS Avenue $5,250,000

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    300 ALAMITOS Avenue Long Beach, CA 90802

    • 0.59 Acres
    • Land
    • MLS# 22136247
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    Views: 151 Days On Market: 257

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    Property Details

    We are pleased to present 300 Alamitos Avenue in Downtown Long Beach, California. The Offering is fully entitled for a 71 unit multifamily building in Prime Alamitos Beach. The mid-rise development will comprise of 89,662 SF of rentable area consisting of Studio, 1 Bed and 2 Bed units. Community amenities include a garden, fitness center, rooftop deck, bike kitchen, incredible views of the ocean, etc. The 0.59 acre site has excellent frontage on Alamitos Avenue and is approximately 4 blocks from the sand and ocean of Alamitos Beach.The Offering is well located within Downtown Long Beach's core which is undergoing a major urban revival with public and private investment. The Site boasts a Walk Score of 97 and is proximate to many popular restaurants, nightlife, entertainment, waterfront activities, etc. Long Beach has been experiencing a boom in major developments, attracting new investors and tenants. There's over $3.5 billion new construction projects throughout the city. This level of development has created approximately 9,000 new jobs. The Downtown Plan (PD-30) has become the driving force of this revitalization.The Offerings fully entitled status offers investors and developers a quick path to this booming market with the ability to break ground shortly after close of escrow.

    • General Features
      • Buyer Compensation 2.000 %
      • County Or Parish Los Angeles
    • Property Features
      • Lot Size Acres 0.59
      • View Error: ClassID in tblMLSFieldPropertyType is null.

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    Neighborhood

    90802 (Long Beach) Demographics

    36 Median Age
    2,621 Population Density (per sq. mile)
    49% College Educated
    $60,939 Estimated Median Income
    4,148 Estimated Total Home Owners
    16,693 Estimated Total Renters
    20% / 80% Estimated Owner / Renter Divide
    2 Estimated Average Household Size
    39,165 Total Population
    Community data courtesy of LiveBy, Inc.

    Market Last 30 Days In This Postal Code

    $455,000 Median Sales Price
    24 Homes Sold
    34 New On Market

    Average Days on Market

      Properties for Sale

        Calculations provided by Reliance Network

        Property History

        Date Event Price Percent Change
        -- Current Price Source: Multiple Listing Service New Value: $5,250,000
        3/14/2022 3:35:00 PM New in Database Source: Multiple Listing Service New Value: $5,250,000

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        ** Assumes 3.5% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information.
        Based on information from California Regional Multiple Listing Service, Inc. as of 11/26/2022 1:19:14 AM. This information 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. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

        Note: All room dimensions, including square footage data, are approximate and must be verified by the buyer. The information contained herein is furnished by the owner to the best of his/her knowledge but is subject to verification by the purchaser, and agent assumes no responsibility for the correctness thereof. The sale offering is made subject to errors, omissions, change of price, prior sale, or withdrawal without notice. In accordance with the Law, this property is offered without respect to race, color, creed, national origin, sex, familial status or disability. This is not intended to solicit property currently listed.