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    615 E Ocean Blvd

    Long Beach, CA 90802
    • $6,250,000
    • STATUS: Active
    • ON SITE: 33 days
    • MLS #: 21-719284
    $6,250,000
    • 0
      BEDS
    • 0.42
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Type:
    Vacant Land / Lots
    County:

    School Ratings & Info

    Description

    Rare opportunity to acquire a Class A, mixed-use development site in the heart of prime Downtown Long Beach with high visibility and excellent walkability. The Property is located in the highly sought-after neighborhood of the East Village Arts District, a hip, urban and rapidly developing neighborhood in DTLB. Totaling approximately 18,233 square feet of land, with 100 feet of frontage on Ocean Blvd, this opportunity is one of the few remaining underutilized development sites along E Ocean Blvd. Located in the Downtown Plan development district and is zoned LB PD-30, which is the highest density zoning in all of DTLB, allowing a maximum FAR of 8.0:1 and height limit of 240 FT, and when utilizing incentives and bonuses, the site allows for an increased maximum FAR of 11.0:1 and height limit of 500 FT. Existing improvements include a vacant 3,852 square foot retail building, which will remain vacant to the Close of Escrow, and the remainder of the property is a parking lot. The Property is surrounded by countless amenities including an array of restaurants, shops, trendy bars, hotels, beaches, and cultural and entertainment venues. his is a per fect opportunity for an investor looking to acquire a trophy development site that boasts countless nearby amenities, high visibility, strong market fundamentals, and upward trending demographics.

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    Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-05-17T23:42:36.31. 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. Properties may or may not be listed by the office/agent presenting the information.
    www.haciendagroupinc.com/homes/116121272
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    615 E Ocean Blvd Long Beach, CA 90802

    • Price: $6,250,000
    • Status: Active
    • MLS #: 21-719284
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.42
    Acres
    Neighborhood:
    Downtown Area, Alamitos Beach
    County:
    Los Angeles
    Area:
    Downtown Area, Alamitos Beach
    Property Description
    Rare opportunity to acquire a Class A, mixed-use development site in the heart of prime Downtown Long Beach with high visibility and excellent walkability. The Property is located in the highly sought-after neighborhood of the East Village Arts District, a hip, urban and rapidly developing neighborhood in DTLB. Totaling approximately 18,233 square feet of land, with 100 feet of frontage on Ocean Blvd, this opportunity is one of the few remaining underutilized development sites along E Ocean Blvd. Located in the Downtown Plan development district and is zoned LB PD-30, which is the highest density zoning in all of DTLB, allowing a maximum FAR of 8.0:1 and height limit of 240 FT, and when utilizing incentives and bonuses, the site allows for an increased maximum FAR of 11.0:1 and height limit of 500 FT. Existing improvements include a vacant 3,852 square foot retail building, which will remain vacant to the Close of Escrow, and the remainder of the property is a parking lot. The Property is surrounded by countless amenities including an array of restaurants, shops, trendy bars, hotels, beaches, and cultural and entertainment venues. his is a per fect opportunity for an investor looking to acquire a trophy development site that boasts countless nearby amenities, high visibility, strong market fundamentals, and upward trending demographics.
    Exterior Features

    Lot Size Area 18233 View Description Water View YN Yes

    Property Features

    Cable YN Yes Sale Type Standard Source Lot Size Area Vendor Enhanced Zoning Lbpd30

    Listing provided courtesy of Janet Neman DRE#01069127 of Kidder Mathews Of California, Inc..


    Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-05-17T23:42:36.31. 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. Properties may or may not be listed by the office/agent presenting the information.
     
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    Hacienda Agency Inc
    77935 Calle Tampico # 201
    La Quinta CA, 92253