317 Elm Ave Long Beach, CA 90802
East Village NeighborhoodEstimated payment $10,817/month
Highlights
- 0.17 Acre Lot
- 4-minute walk to 1St Street Station
- Rectangular Lot
- Long Beach Polytechnic High School Rated A
- No HOA
- 4-minute walk to Harvey Milk Promenade Park
About This Lot
317 Elm Avenue presents a rare opportunity to acquire a truly hands-off, income-producing asset in the heart of Downtown Long Beach. Located directly across the alley from a major United States Postal Service facility, the 7,512-square-foot parking lot is leased to the USPS for truck parking. Beginning February 1, 2027, the property will generate $9,895.83 per month—or $118,750 annually—under a new five-year lease. The USPS is responsible for all property maintenance, providing the owner with predictable income and minimal day-to-day management. Competitively priced at a 5.3% cap rate, the property offers investors an attractive combination of reliable income, exceptional credit tenancy and minimal operating responsibility. Notably, with no viable alternative parking for their vehicles in the area, the USPS operates as a captive tenant—a dynamic that strengthens the likelihood of lease renewal and creates a compelling opportunity to negotiate extended terms beyond the initial five-year period if desired. Beyond its strong current cash flow, the property offers compelling long-term development potential. The parcel is located within Downtown Long Beach’s PD-30 zoning district, positioning it for a variety of future development possibilities. The five-year lease runway gives an investor time to evaluate, design and pursue entitlements for a future project while continuing to collect substantial rental income.
Listing Agent
Sage Real Estate Group, Inc. Brokerage Phone: 562-896-3851 License #01950585 Listed on: 08/31/2026
Property Details
Property Type
- Land
Lot Details
- 7,512 Sq Ft Lot
- Chain Link Fence
- Rectangular Lot
- Property is zoned PD30
Location
- Urban Location
Community Details
- No Home Owners Association
- Downtown Subdivision
Listing and Financial Details
- Legal Lot and Block 23 / 78
- Assessor Parcel Number 7281009009
- $1,735 per year additional tax assessments
Map
Home Values in the Area
Average Home Value in this Area
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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 |
|---|---|---|---|---|
| 2026 | $11,253 | $765,000 | $765,000 | |
| 2025 | $11,253 | $750,000 | $750,000 | |
| 2024 | $7,935 | $505,618 | $491,962 | $13,656 |
| 2023 | $7,772 | $495,705 | $482,316 | $13,389 |
| 2022 | $7,327 | $485,986 | $472,859 | $13,127 |
| 2021 | $6,982 | $476,458 | $463,588 | $12,870 |
| 2019 | $6,842 | $462,329 | $449,839 | $12,490 |
| 2018 | $6,506 | $453,265 | $441,019 | $12,246 |
| 2016 | $6,011 | $435,666 | $423,895 | $11,771 |
| 2015 | $5,775 | $429,123 | $417,528 | $11,595 |
| 2014 | $5,719 | $420,718 | $409,350 | $11,368 |
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 08/31/2026 08/31/26 | For Sale | $1,799,000 | -- | -- |
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: PW26190004
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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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