421 Pacific Ave Long Beach, CA 90802-2341
This exceptional 51,668 square foot commercial land parcel, located at 421 Pacific Avenue in the heart of Downtown Long Beach, California (zip code 90802), presents a unique redevelopment opportunity. Situated in Los Angeles County, this property boasts a strategic location within walking distance of popular city attractions. The lot is zoned LBPD30, permitting high-density residential or mixed-use development, offering significant potential for a variety of projects. The existing structure, approximately 23,000 square feet of retail space, could be incorporated into a larger development plan or removed to maximize the buildable area. This substantial land holding provides developers with a rare chance to create a landmark project in a thriving urban environment. The property's prime location and flexible zoning make it an ideal investment for those seeking to capitalize on the growing demand for residential and mixed-use developments in Downtown Long Beach. Detailed site plans and zoning information are available upon request. This is a truly exceptional opportunity to acquire a significant piece of Long Beach real estate.
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Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2024Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
LBPD30 · Long Beach, CALong Beach. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.