1757 Long Bch Long Beach, CA 90813

This mixed-use property in Long Beach presents a value-add opportunity, featuring a separately parceled parking lot to the rear of the apartments. The combined land size of both lots totals 15,431 square feet. The property includes two retail units and seven apartment units. The property is located on Long Beach Blvd and offers ample parking. A new owner has the opportunity to convert the two retail units into ADUs and construct additional housing on the separate parking lot at the rear of the property. The owner is responsible for water and property taxes, while gas and electric are separately metered. Located at 1757 Long Beach Blvd, Long Beach, CA 90813, the property falls within the Midtown Specific Plan (SP-1) zoning area, which supports pedestrian-friendly commercial and residential projects. The zoning allows for mixed-use developments with a Floor Area Ratio (FAR) of 2.0, potentially allowing a total buildable area of 17,482 square feet across four stories, or 4,370.5 square feet per story. Structures can combine retail spaces, offices, or residential units in mid- to high-density formats. A new owner could potentially build up to 32 units of 500 square feet each or around 20 units of 800 square feet each. The subject property is located just outside the $6 Billion of development flooding into Downtown Long Beach, including the Long Beach Civic Center, Long Beach Aquarium, OceanAire Project, CSULB Downtown Village, Broadway Block, The Pacific and Queen Mary Island.