3061 Long Beach Blvd Long Beach, CA 90807

Listing agency Keystone Realty Group s***@keystonefirm.com Show Phone

Listed by Samir Rai · License #01868728 Show Phone

Source Exprealty

Added: May 19 Updated: Jul 21 at 8:54PM Checked: Jul 22 at 9:13AM

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Investment Insights

Based on property information with market context.

Located at 3061 Long Beach Blvd, this corner-lot multifamily development site is being offered with conditionally approved plans for a three-story apartment project totaling approximately 13,000 SF with 14 units, including 3 affordable units. The proposed design includes no on-site parking requirement, a factor that can reduce future construction scope and cost.

The property sits within a designated transit corridor along a major transit corridor in Long Beach. It is currently occupied by a cooperative month-to-month tenant who covers all day-to-day operational responsibilities, providing interim revenue while entitlement and permitting are underway.

Interim income is currently reported at $4,000 per month, and the tenant is described as willing to work with the new owner to update their lease terms or price.

Key Highlights

• Corner‑lot multifamily development site in Long Beach’s transit corridor
• Conditionally approved plans for a 3‑story, 14‑unit apartment project
• Planned project size: 13,000 SF

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FAQs

What type of property is this?

Apartment building - Corner-lot site with conditionally approved plans for a three-story, 14-unit apartment project.

Where is this apartment building located?

The property is located at 3061 Long Beach Blvd Long Beach, CA.

What is the asking price?

The asking price for this property is $749,000.

What are key features of this property?

This property features: Corner‑lot multifamily development site in Long Beach’s transit corridor; Conditionally approved plans for a 3‑story, 14‑unit apartment project; Planned project size: 13,000 SF