Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    1827 Pacific Ave Long Beach, CA 90806

    For Sale
    $1,027,000

    Prime Long Beach development land

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    Exceptional 0.37-acre commercial land parcel located at 1827 Pacific Ave, Long Beach, CA 90806, is offered for sale at $1,027,000. This property, with Assessor Parcel Number 7209-022-900, presents a unique opportunity for development within the Midtown Specific Plan Transit Node (SP-1-TN) zoning. The lot size is approximately 15,928 square feet, although a 2-foot alley dedication will be required, resulting in a net buildable area of roughly 15,800 square feet. The General Plan designates this area as Transit Oriented Development Low Density/7 Stories, allowing for significant development potential. The property's zoning allows for a range of uses, including residential development. However, a Residential Development Covenant mandates that if ten or more residential units are built, at least 15% must be sold or rented as affordable housing. The Specific Plan suggests a typical density of 30 to 60 dwelling units per acre, while the General Plan allows up to 44 units per acre for residential projects. Non-residential development is also possible, with a Floor Area Ratio (FAR) of 1.5 to 3.00. This prime location in Long Beach offers exceptional potential for investors seeking a high-return development opportunity in a thriving transit-oriented area. The seller is the City of Long Beach.

    Property Features for 1827 Pacific Ave

    General Information

    Property type
    Land
    Lot Size
    16,117 SF

    HighLights

    • Sale Price: $1,027,000
    • Owner: City of Long Beach
    • Assessor Parcel Number: 7209‑022‑900
    • Lot Size: Approximately 15,800 square feet (0.36 acres) after alley dedication
    • Zoning: Midtown Specific Plan Transit Node (SP‑1‑TN), allowing Transit Oriented Development (TOD)
    • Residential Development Covenant: At least 15% affordable housing units required for projects with 10+ units.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon Food Market Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Long Beach
    County
    Los Angeles
    State
    California
    Longitude
    -118.19416
    Latitude
    33.790495

    Nearby Similar for Sale

    • $3,999,000
      5,218 SF

      Renovated Quadplex Near Belmont Shore

      Extensively renovated quadplex near the beach and Belmont Shore.
      3626 E 1St St, Long Beach, CA 90803
      View Details
    • New
      $1,600,000
      1,763 SF

      Naples Duplex with Water View

      Beautiful duplex in the heart of Naples with excellent rental history.
      5653 E 2Nd St, Long Beach, CA 90803
      View Details
    • $1,550,000
      2,378 SF

      California Heights Duplex: Designer Sophistication

      Timeless California bungalows blending period architecture with refined, modern design.
      3580 Gundry Ave, Long Beach, CA 90807
      View Details
    • New
      $7,440,000
      56,690 SF

      Long Beach Multifamily Investment Opportunity

      Well-maintained 28-unit multifamily property near freeways and downtown Bixby.
      3430 Elm Ave, Long Beach, CA 90807
      View Details
    • $2,045,000
      4,600 SF

      Remodeled Long Beach Townhouse-Style Quadplex

      Fully remodeled 4-unit townhouse-style property in Long Beach, CA.
      1144 Stanley Ave, Long Beach, CA 90804
      View Details
    • $1,185,000
      1,536 SF

      Restored Craftsman Duplex in Long Beach

      Meticulously restored Craftsman duplex with modern amenities and investment potential.
      4027 E 11Th St, Long Beach, CA 90804
      View Details

    FAQs

    What type of property is this?
    Land - Prime Long Beach development land
    Where is this land located?
    The property is located at 1827 Pacific Ave Long Beach, CA.
    What is the asking price?
    The asking price for this property is $1,027,000.
    What are key features of this property?
    This property features: Sale Price: $1,027,000; Owner: City of Long Beach; Assessor Parcel Number: 7209-022-900
    Request Owner's contact information
    1827 Pacific Ave Long Beach, CA 90806
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1827 Pacific Ave
    Long Beach, CA 90806
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1827 Pacific Ave Long Beach, CA 90806
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.