5
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$599,000
Est. payment /mo
0.31 Acres Lot
Active
1425 Elm Long Beach, CA 90813
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Key Details
Property Type Vacant Land
Listing Status Active
Purchase Type For Sale
Subdivision Poly High (Ph)
MLS Listing ID DW26117410
HOA Y/N No
Lot Size 0.311 Acres
Property Description
Rare development opportunity in the heart of Long Beach. 1425 and 1429 Elm Avenue are two contiguous parcels being offered together and must be sold together. Both parcels are currently leased and occupied by the Long Beach Unified School District and are being sold as land only. Portable classroom/building structures currently located on the properties are tenant-owned personal property and are not included in the sale.
Adding to the opportunity, 1403 Elm Avenue is also being offered for sale by the same owner as a separate transaction, creating the potential to acquire three parcels along the same street.
Opportunities to assemble multiple parcels in an established Long Beach neighborhood are increasingly rare and can take years to put together. Whether 1425 and 1429 Elm are acquired for income with the existing tenancy or combined with the separately offered 1403 Elm Avenue as part of a larger assemblage for future redevelopment, this offering presents compelling long-term potential.
Buyer to verify zoning, development possibilities, lease terms, parcel configurations, and all intended uses with the City of Long Beach.
Adding to the opportunity, 1403 Elm Avenue is also being offered for sale by the same owner as a separate transaction, creating the potential to acquire three parcels along the same street.
Opportunities to assemble multiple parcels in an established Long Beach neighborhood are increasingly rare and can take years to put together. Whether 1425 and 1429 Elm are acquired for income with the existing tenancy or combined with the separately offered 1403 Elm Avenue as part of a larger assemblage for future redevelopment, this offering presents compelling long-term potential.
Buyer to verify zoning, development possibilities, lease terms, parcel configurations, and all intended uses with the City of Long Beach.
Location
State CA
County Los Angeles
Area 9 - Poly High
Zoning unknown
Interior
Fireplace No
Exterior
Community Features Urban
Utilities Available Electricity Connected
View Y/N No
View None
Building
Lot Description Yard
Water Public
New Construction No
Others
Senior Community No
Tax ID 7269026034
Acceptable Financing Cash, Cash to New Loan, 1031 Exchange
Listing Terms Cash, Cash to New Loan, 1031 Exchange
Special Listing Condition Standard
Listed by Amy Brick Brick & Co Real Estate 562-335-5269, DRE #01358129
NEARBY SCHOOL & BUSINESS
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