Shovel Ready - 14 Unit Apartment Development 3061 Long Beach Blvd Local commercial 129 m² À vendre Long Beach, CA 90807 858 058 € (6 635,10 €/m²)

Prime Long Beach Development Opportunity – Entitled 14-Unit Multifamily Project
Located in one of Long Beach’s most sought-after development zones and within a designated transit corridor, this corner-lot property presents a fully entitled opportunity to build a ±13,000 SF, 14-unit apartment complex. The planned three-story project includes three affordable units and offers desirable amenities such as in-unit washer/dryers, dishwashers, a rooftop community space, and elevator access. Notably, the development requires no on-site parking, streamlining design and cost efficiency.
The site is currently occupied by a smog center operating on a month-to-month lease at $2,200/month, providing holding income during pre-development. Soil remediation and hazard clean-up are already underway, and the plans have been conditionally approved, allowing an incoming developer to move swiftly into construction.
Additional upside may be realized through potential land assemblage, as the adjacent owner controls four contiguous parcels totaling an additional 28,588 SF. There's also further income potential if the very-low and moderate-income units are leased through Section 8, offering attractive rental subsidies.
This is a rare chance to step into a shovel-ready multifamily development in a high-demand, transit-oriented Long Beach location with multiple avenues for future value creation.