1757 Long Beach Boulevard

Long Beach, CA 90813

$2,500,000
Price
1
Beds
9
Baths
7,108 Sq. Ft.
$352 / Sq. Ft.
7,108
Sq. Ft.
$352
per Sq. Ft.

Description

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,...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.
  1. Listed by Austin Carr • DRE #01986298 • Brokerage DRE #01978196 • Realty One Group United • 562-537-7496

Property Details for 1757 Long Beach Boulevard

Parking Spaces Total
19
Private Pool
No
Total Units
9.0
Building Type
Attached
Lot Size Source
Assessor
Living Area
7108
Assessor Parcel Number
7269-019-006
Property Attached YN
true
LISTING UPDATED: 11/16/2024 06:36 AM

Property Details for 1757 Long Beach Boulevard

StatusActive
MLS #PW24211879
Days on Market27
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMixed Use
MLS TypeResidential Income
Year Built1936
Lot Size0.20 AC / 8,741 SF
CountyLos Angeles County

Building Information for 1757 Long Beach Boulevard

Stories2Residences-Year Built1936Building Size-Lot Size0.20 AC / 8,741 SF

Property Information for 1757 Long Beach Boulevard

Rental Info
Rental Info
  • Tenant Pays: Electricity, Gas, Parking Fee
Income / Expense / Tax Details
Income Details
  • Gross Income: $129,180
  • Gross Scheduled Income: $129,180
  • Net Operating Income: $65,982
Expense Details
  • Operating Expense: $0
  • New Taxes Expense: $36,600
  • Fuel Expense: $0
  • Electric Expense: $0
  • Insurance Expense: $21,000
  • Professional Management Expense: $0
  • Trash Expense: $0
  • Water Sewer Expense: $5,598
  • Total Expenses: $63,198
Tax / Assessment Info
  • Tax Tract Number: 575...
  • Tax Census Tract: 5754.02
  • Tax Lot: 2
Community / Development
Community / Development
  • Community Features: Urban
Property / Structure Info
Interior Features
  • Laundry: Yes
  • Laundry Features: Inside
Exterior Features
  • Entry Location: 1
  • Pool Features: None
  • Pool Description: None
Land/Lot Info
  • Additional Parcels Description: 7269-019-018
  • Lot Features: 0-1 Unit/Acre
  • Number Of Units: 9
  • Land Lease: No
  • Land Lease Type: Fee
  • Levels: Two
  • Water: Public
  • Sewer: Public Sewer
  • Water Source: Public
Parking Info
  • Garage Spaces: 9
  • Uncovered Spaces: 10
  • Open Other Spaces Total: 10
  • Parking Garage Spaces: 9
  • Carport Spaces: 0
Unit Information
Unit 1
  • Unit Type Units Total: 2
  • Unit Type Beds Total: 0
  • Unit Type Baths Total: 1
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 5
  • Unit Type Beds Total: 0
  • Unit Type Baths Total: 1
  • Unit Type Type: 2
Unit 3
  • Unit Type Units Total: 2
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Type: 3
Unit Information
  • Rent Controlled: Yes
  • Number Of Buildings: 3
  • Number Of Separate Electric Meters: 9
  • Number Of Separate Gas Meters: 9
  • Number Of Separate Water Meters: 1

Property History for 1757 Long Beach Boulevard

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 1757 Long Beach Boulevard

Taxable ValueLand$143,181Additions$229,552Total$372,733
Tax Record2024$5,831 ($486 / month)
Home Facts
Total Finished SqFt6,058 SqFtAbove Grade Finished SqFt6,058 SqFtStories1Lot Size8,785 SqFtStyleOffice BuildingYear Built1936ZoningLBPD29CountyLOS ANGELESAPN7269-019-006

Schools near 1757 Long Beach Boulevard

This home is within Long Beach Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
Roosevelt Elementary School
PublicK to 5

Washington Middle School
Public6 to 8

Polytechnic High School
Public9 to 12

Educational Partnership High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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1757 Long Beach Boulevard is a mixed use property for sale in Long Beach, CA 90813. This property was listed for sale on October 21, 2024 by Realty One Group United, it's currently listed at $2,500,000. This listing's school district is Long Beach Unified School District. Nearby schools include Roosevelt Elementary School, Washington Middle School and Polytechnic High School. 1757 Long Beach Boulevard is a 1-bed, 9-bath, 7,108 sqft mixed use property built in 1936.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Realty One Group United, Austin Carr, DRE #01986298

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.