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Property profile & analytics
OFF-MARKET
Parking lots & garages

675 Wardlow Rd Long Beach, CA 90807

21,000 SF 0.48 ac lot Built 1969
Entity Owned 5-yr Hold Absentee Owner Free & Clear
Property ID
US09-7024491
Property summary
AI-generated overview

This exceptional development opportunity encompasses a sizable 28,870 square foot rectangular lot situated at 675 E Wardlow Rd, Long Beach, CA 90807. Located in the desirable Bixby Knolls/Cal Heights neighborhood, north of the 405 freeway, this property boasts a prime location on a busy corner, offering excellent visibility and accessibility. The lot features 140 feet of frontage on Wardlow Road and 206 feet of frontage on Lime Avenue, providing ample space for a variety of development projects. The property consists of two parcels with APNs 7145-019-018 and 7145-019-020. Currently zoned LBCCA (14,870 sq ft) and LBR-1-N (14,000 sq ft), a proposed zoning update to MU (Enhanced Density Ordinance-HQ Transit) is under consideration, presenting significant potential for increased density. This presents a unique chance to capitalize on the strong local demographics and create a high-impact development in a thriving Long Beach community. The asking price for this remarkable property is $3,899,999. The property offers convenient ingress and egress from both Wardlow Road and Lime Avenue.

Property profile
Verified
Property type Parking lots & garages
Use group PARKING LOT
Year built 1969
Total area 21,000 SF
Lot 0.48 ac (21,000 SF)
Zoning code LBR1N
APN 7145-019-018
UPID US09-7024491
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Comparable Approach Comparable
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Owner & transaction history
Wardiow Funding LLC · 5 yrs held
Wardiow Funding LLC
since 2021
7 recorded transactions
2021
$1.2M
2006
Price N/A
1996
Price N/A
1994
Price N/A
1994
Price N/A
1994
Price N/A
1992
Price N/A
Zoning & alternative use
LBR1N · Long Beach, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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