Long Beach Multifamily Development 6819 Cherry Ave Lot | Résidentiel | 0,2 ha | À vendre | 2 023 491 € | Long Beach, CA 90805

NAI Capital, as exclusive advisors to ownership, is proud to present for development two adjacent parcels located at 6819 Cherry Avenue (0.35 Acres) and 1901 East 68th Street
(0.15 Acres). This is an opportunity to develop high density multi-family residential along one of the most rapidly evolving corridors of Long Beach. Comprising of approximately 0.50 Acres total, the L-shaped lot offers direct access from both Cherry Avenue and East 68th Street.
Re-zoned in 2024 to RMU4A (Residential Mixed-Use 4, ASeries), 6819 Cherry Ave benefits from the City’s "Zone In" initiative, which was enacted to streamline high-density
residential and mixed-use projects to meet housing demands. This site offers a range of development possibilities including multifamily, mixed-use, and senior housing. Utilizing California’s State Density Bonus, the ±22,125 SF lot will allow a developer to achieve approx. 18 to 20 residential units + ground floor commercial (buyer to verify with the city).
Located adjacent to Target, Food 4 Less + Fuel, Taco Bell, Wingstop, Subway, and more. Over 20,000+ vehicles travel down Cherry Avenue daily. Close proximity to 91, 710, 105,
605, and 405 Freeways, as well as Long Beach Airport, Downtown Los Angeles, and Orange County.
Utilities already in Place.
Four-Story Development Height Limit
RMU-4A Zone - High Density Development Area
Eligible for State Density Bonus and Affordable Housing Programs
Located Within a High-Demand Infill Corridor
Expansive 0.50 Acre L-Shaped Development Parcel
Demographics Support Rental and Senior Housing Demand
Over 20,000+ Vehicles Per Day on Cherry Avenue
Strategic Access To 91, 710, 105, 605, and 405 Freeways
Proximity To Major Hubs Including the Port of Long Beach, Long Beach Airport, Downtown Los Angeles, Orange County