1160 Locust Avenue

    Long Beach, CA 90813
    • $775,000
    • STATUS: Active
    • ON SITE: 223 days
    • ID#: OC18073939
    UPDATED: 60 min ago
    $775,000
    • 0
      BEDS
    • 0.11
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 1,850
      SQFT
    • $419
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1910
    County:

    School Ratings & Info

    Description

    DEVELOPERS AND INVESTORS! Do not miss this opportunity to acquire the perfect CORNER LOT featuring ZERO SETBACKS and the ability to build a MUTLI-STORY, MULTI-FAMILY OR COMMERCIAL/OFFICE USE BUILDING UP TO 150 FT IN HEIGHT. This area is adjacent to Pine St. and has a number of EXCELLENT CONSUMER MEDICAL AND RETAIL ANCHORS in the immediate area. HEAVY CONSUMER DEMAND IN THIS AREA FOR HOUSING makes this the perfect lot to develop. LOT IS ZONED PD30 and is close walking distance to the Blue Line and Downtown Long Beach. Current property on the lot is a single family residence featuring 5 bedrooms and a loft space WITH AN ENORMOUS AREA FOR PARKING - 8 SPACES POSSIBLE. Owners originally purchased to develop themselves and had received preliminary approvals for developing the lot.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-11-12T18:32:06.423. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. Licensed in the State of California, USA.
    www.mainstreetgroup.com/homes/82203331

    1160 Locust Avenue Long Beach, CA 90813

    • Price: $775,000
    • Status: Active
    • Updated: 60 min ago
    • ID#: OC18073939
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.11
    Acres
    1,850
    SQFT
    $419
    $/SQFT
    1910
    Built
    Neighborhood:
    Willmore District (Wm)
    County:
    Los Angeles
    Area:
    4 - Downtown Area, Alamitos Beach
    Property Description
    DEVELOPERS AND INVESTORS! Do not miss this opportunity to acquire the perfect CORNER LOT featuring ZERO SETBACKS and the ability to build a MUTLI-STORY, MULTI-FAMILY OR COMMERCIAL/OFFICE USE BUILDING UP TO 150 FT IN HEIGHT. This area is adjacent to Pine St. and has a number of EXCELLENT CONSUMER MEDICAL AND RETAIL ANCHORS in the immediate area. HEAVY CONSUMER DEMAND IN THIS AREA FOR HOUSING makes this the perfect lot to develop. LOT IS ZONED PD30 and is close walking distance to the Blue Line and Downtown Long Beach. Current property on the lot is a single family residence featuring 5 bedrooms and a loft space WITH AN ENORMOUS AREA FOR PARKING - 8 SPACES POSSIBLE. Owners originally purchased to develop themselves and had received preliminary approvals for developing the lot.
    Exterior Features

    Garage Spaces 0.00 Lot Features Corner LotLevel With StreetNear Public Transit Lot Size Dimensions 98 X 50 Lot Size Source Assessor Lot Size Units Square Feet Parking Features Driveway - Concrete Parking Total 8.00 Parking YN Yes Pool Features None Pool Private YN No Property Attached YN No

    Interior Features

    Average Studio Area Units Square Feet Average1 Bed Area Units Square Feet Average2 Bed Area Units Square Feet Average3 Bed Area Units Square Feet Common Walls No Common Walls Fireplace Features Kitchen Fireplace YN Yes Heating Wall Heater Heating YN Yes Laundry Features Gas & Electric Dryer Hookup Levels Two

    Property Features

    Additional Parcels YN No Association Fee 0.00 Association YN No Building Area Units Square Feet Community Features SidewalksStreet LightingUrban Country Us Electric Expense 1200.00 Elevation Units Feet Exclusions Seller's Personal Property Fuel Expense 600.00 Gross Income 27600.00 Gross Scheduled Income 27600.00 Insurance Expense 400.00 Land Lease YN No Laundry YN Yes Lot Dimensions Source Assessor Maintenance Expense 550.00 Net Operating Income 21600.00 New Construction YN No New Taxes Expense 2250.00 Number Of Separate Electric Meters 1 Number Of Separate Gas Meters 1 Number Of Separate Water Meters 1 Operating Expense 6000.00 Rent Control YN No Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Subdivision Name Other Willmore District (Wm) Total Expenses 6000.00 Trash Expense 500.00 Utilities Cable AvailableElectricity ConnectedNatural Gas ConnectedPhone ConnectedSewer ConnectedWater Connected Water Sewer Expense 500.00 Water Source Public Year Built Source Assessor Zoning Lbpd29

    Listing provided courtesy of Serena Goss of Homesmart, Evergreen Realty.


    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-11-12T18:32:06.423. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. Licensed in the State of California, USA.
     
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