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Key Details
Sold Price $810,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Subdivision Other (Othr)
MLS Listing ID PW19154049
Sold Date 11/15/19
HOA Y/N No
Year Built 1929
Lot Size 0.280 Acres
Acres 0.28
Property Description
RESIDENTIAL and/or COMMERICAL: GREAT MIXED-USE DEVELOPMEMT OPPORTUNITY on a VERY LARGE and RARE 12,325 sq. ft. LOT* at 1722 Locust Avenue near Long Beach Blvd and Pacific Coast Highway. This Property is Located in a Prime High-Demand Business and Residential Area that is ALSO near Public Transportation (Bus and Blue Line) and LBUSD Schools. Recently Re-Zoned for Commercial and/or Residential Use, this Unique Parcel has the Potential for 20+ Units. The Property Currently has a Duplex (which is likely a Tear-Down) that Collects $2400 in Monthly Rent (with Upside Potential) and can Provide Cash Flow while Submitting Plans to the City of Long Beach Planning Department.
(Buyer to Check and Verify All Information and Use with City - DETAILS: Check City of LB website for MIDTOWN SPECIFIC PLAN (6/14/2016) Transit Node District).
Also Listed as Land PW19154028
* SEE MAP OF LOT DIMENSIONS IN PHOTOS
Location
State CA
County Los Angeles
Area 5 - Wrigley Area
Zoning LBPD29
Rooms
Ensuite Laundry None
Interior
Laundry Location None
Fireplace No
Laundry None
Exterior
Pool None
Community Features Curbs, Gutter(s), Street Lights, Sidewalks
Private Pool No
Building
Story Two
Entry Level Two
Sewer Sewer Tap Paid
Water Private
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 7269019037
Acceptable Financing Cash, Conventional, 1031 Exchange
Listing Terms Cash, Conventional, 1031 Exchange
Financing Cash to New Loan
Special Listing Condition Standard
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Bought with Pat Swanson • Pat Swanson
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