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$1,500,000
325 Days Online

425 Linden
Long Beach, CA 90802

For Sale|Land|Active
Subdivision:
null
County:
Los Angeles

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425 Linden Avenue, a unique opportunity to acquire over 8,277 square feet of land located in the prime East Village Arts District within the Downtown Plan PD-30 in Long Beach, California and in the OPPORTUNITY ZONE. The site is suitable for the development of high-density residential units. This zoning may allow for up to a 49 unit development with a height limit of 80' with a 4.0 Floor Area Ratio (FAR). Density is based on parking and the current parking standards for the Downtown Plan PD-30 is (1) parki 425 Linden Avenue, a unique opportunity to acquire over 8,277 square feet of land located in the prime East Village Arts District within the Downtown Plan PD-30 in Long Beach, California and in the OPPORTUNITY ZONE. The site is suitable for the development of high-density residential units. This zoning may allow for up to a 49 unit development with a height limit of 80' with a 4.0 Floor Area Ratio (FAR). Density is based on parking and the current parking standards for the Downtown Plan PD-30 is (1) parking space per (1) unit and (1) guest space per (4) units. Parking standards can be reduced since the property is transit oriented with nearby Blue Line and bus routes. Also, the city allows for some parking to be off-site at nearby parking spots. The property is NOT located in the Coastal Zone. The site is currently surface parking for 24 cars potential to generate $28,800 annually in rent with day and night parking passes. The property is located on the main East Village Arts District street (Linden) and is steps away from the heart of the East Village on Linden around Broadway and 1st Street. The property is walking distance to shopping, restaurants, and the beach. Recent nearby new developments include a new 49 Unit development at 434 4th Street on the corner of 4th and Linden called The Linden. Also, nearby is seeing a surge in new adaptive reuse projects at 440 Elm Ave. a planned Events Venue under development and at 456 Elm Ave. a planned Cloud Kitchen under development.

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Listing Snapshot
Price
$1,500,000
Days Online
325 Days
Bedrooms
N/A
Inside Area (SqFt)
N/A
Total Baths
N/A
Full Baths
N/A
Partial Baths
N/A
Lot Size
0.19 Acres
Year Built
N/A
MLS Number
OC20184245
Status
Active
Property Tax
N/A
HOA/Condo/Coop Fees
N/A
Sq Ft Source
N/A
Friends & Family
Recent Activity
3 months agoListing updated with changes from the MLS
3 months agoStatus changed to ACTIVE
3 months agoPrice changed to $1,500,000
11 months agoListing first seen online
General Features
Terms
CashExchange
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Exterior Features
Water
Meter on Property
View
N/K
Community Features
Miscellaneous
Value in Land
Neighborhood
Linden Avenue (LAV)
Listing courtesy of Engel & Voelkers

This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS®. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Copyright © 2018-present San Diego MLS®.

Neighborhood & Commute
Source: Walkscore
Community information and market data Powered by ATTOM Data Solutions. Copyright ©2019 ATTOM Data Solutions. Information is deemed reliable but not guaranteed.
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