1757 Long Beach Blvd Long Beach, CA 90813
Washington School NeighborhoodEstimated payment $13,688/month
Highlights
- 0.2 Acre Lot
- 3-minute walk to Pacific Coast Highway Station
- Laundry Room
- Long Beach Polytechnic High School Rated A
About This Home
Value add mixed use property for sale in Long Beach along with separately parceled parking lot in rear on apartments. Total land size of 15,431 SF between both lots. Long terms owners and tenants with two retail units, 7 apartments units, and an excess of parking on Long Beach Blvd. A new owner has the opportunity to convert the two retail units out front into ADU's as well as build additional housing in the separate parking lot in the rear of the property. Owner only pays water and property taxes, separately metered for gas and electric. 1757 Long Beach Blvd, Long Beach, CA 90813, falls within the Midtown Specific Plan (SP-1) zoning area. This zoning allows for a variety of mixed-use developments, focusing on pedestrian-friendly commercial and residential project. With 4 stories and a Floor Area Ratio (FAR) of 2.0 (assumed based on typical mixed-use zoning), the total buildable area is 17,482 square feet. This can be spread across four stories, giving you 4,370.5 square feet per story (17,482 sq ft / 4 stories). You can build structures that combine retail spaces, offices, or residential units, such as apartments or condominiums, in mid- to high-density formats. A new owner could build up to 32 units of 500 square feet each under an FAR of 2.0 in a height of 4 stories or you could fit around 20 units (5 units/story * 4 stories) if each unit is 800 square feet. The subject property is located just outside the $6 Billion of development flooding into Downtown Long Beach, including the Long Beach Civic Center, Long Beach Aquarium, OceanAire Project, CSULB Downtown Village, Broadway Block, The Pacific and Queen Mary Island.
Listing Agent
Realty One Group United Brokerage Phone: 562-537-7496 License #01986298 Listed on: 10/21/2024
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $5,831
Year Built
- Built in 1936
Lot Details
- 8,741 Sq Ft Lot
- Two or More Common Walls
- Density is up to 1 Unit/Acre
- 7269-019-018
Parking
- 10 Open Parking Spaces
- 9 Car Garage
Home Design
- Property Attached
- Entry on the 1st floor
Interior Spaces
- 7,108 Sq Ft Home
- 2-Story Property
- Laundry Room
Bedrooms and Bathrooms
- 1 Bedroom
- 3 Bathrooms
Location
- Urban Location
Listing and Financial Details
- Tax Lot 2
- Tax Tract Number 575
- Assessor Parcel Number 7269019006
- $1,186 per year additional tax assessments
Community Details
Overview
- 3 Buildings
- 9 Units
Building Details
- Rent Control
- 9 Separate Electric Meters
- 9 Separate Gas Meters
- 1 Separate Water Meter
- Insurance Expense $21,000
- Water Sewer Expense $5,598
- New Taxes Expense $36,600
- Operating Expense $63,198
- Gross Income $129,180
- Net Operating Income $65,982
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $5,831 | $380,187 | $146,044 | $234,143 |
| 2024 | $5,831 | $372,733 | $143,181 | $229,552 |
| 2023 | $5,732 | $365,425 | $140,374 | $225,051 |
| 2022 | $5,416 | $358,261 | $137,622 | $220,639 |
| 2021 | $5,271 | $351,237 | $134,924 | $216,313 |
| 2019 | $5,198 | $340,821 | $130,923 | $209,898 |
| 2018 | $4,920 | $334,139 | $128,356 | $205,783 |
| 2016 | $4,493 | $321,167 | $123,373 | $197,794 |
| 2015 | $4,331 | $316,343 | $121,520 | $194,823 |
| 2014 | $4,323 | $310,147 | $119,140 | $191,007 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 02/08/2025 02/08/25 | Price Changed | $2,500,000 | +25.0% | $352 / Sq Ft |
| 02/01/2025 02/01/25 | Price Changed | $2,000,000 | -20.0% | $281 / Sq Ft |
| 11/16/2024 11/16/24 | Price Changed | $2,500,000 | -16.7% | $352 / Sq Ft |
| 10/21/2024 10/21/24 | For Sale | $3,000,000 | -- | $422 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Interfamily Deed Transfer | -- | None Available | |
| Interfamily Deed Transfer | -- | None Available | |
| Interfamily Deed Transfer | -- | None Available | |
| Interfamily Deed Transfer | -- | None Available |
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: PW24211879
APN: 7269-019-006
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The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
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