20707 Pioneer Blvd, Lakewood, CA 90715

This is a redevelopment opportunity in Lakewood, CA, featuring five contiguous residential parcels totaling 81,051 square feet (1.86 acres). The property is zoned MFR (Multifamily Residential) and designated as medium/high density residential under the City of Lakewood's General Plan. The city is updating development standards for the MFR zone, with changes anticipated by mid-year, driven by higher density requirements outlined in the City’s Housing Element. The new standards will include minimum and maximum density requirements, which will vary based on whether parcels are developed individually or combined into a single project. Situated on a corner lot along Pioneer Boulevard, the property spans half of two residential blocks (207th & 208th Streets), nestled between Del Amo Boulevard and Centralia Street. It has 241 feet of frontage along Pioneer Boulevard. The property is near major employment hubs in Long Beach and the surrounding areas, shopping centers, schools, parks, and public transportation. The majority of single-family homes on the property are rented on month-to-month leases, providing interim rental income. Zoning supports affordable housing, townhome condominiums, or multifamily units. The property consists of the following parcels located in the City of Lakewood, CA: 20707 Pioneer Boulevard, 11738 & 11748 207th Street, 11733 208th Street, 11734 207th Street, and 11728 207th Street.