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31847566
31847560

439 W Anaheim St, Long Beach, CA 90813

MP
CA 00861399
Marcus & Millichap - South Bay
Listed by Marcus & Millichap - South Bay
$795,000
41 days on market
Updated 41 days ago
Opportunity zone

439 W Anaheim St

Details
Property Type Land, Special Purpose
Sub Type Commercial, Residential (+1)
Square Footage 5,882
Net Rentable (SqFt) 5,882
Units 28
Tenancy Vacant
Price per SqFt $135
Class C
Year Built 1921
Buildings 1
Lot Size (SqFt) 9,024
Zoning LBCHW/CCA
Investment Type Redevelopment
Ground Lease No

Land | 9,024 SqFt

Marketing description

Marcus & Millichap is pleased to present an approximately 9,017 square-feet of land area with a 5,882 square-foot building, originally built as a church in 1921 and used as a variety of uses including a meeting hall and creative work environment. The property is currently zoned as LBCHW (church use), while being located in the Commercial Automobile Oriented District (CCA).

The Seller is seeking preliminary site plan approval from the City of Long Beach for a 100% Affordable Housing Multi-Housing Project. The planned project would include 28 units in a 33,521 square foot 5-Story wood framed structure including 21 parking spaces. Conceptual plans and specifications are available upon request. Seller can provide copies of the City of Long Beach's Development Services letter detailing comments from their Pre-Application Review. Buyers shall be responsible for their own due diligence regarding the redevelopment potential of the subject property.

The nearby Port of Long Beach acts as a major gateway for the United States and Asian trade, occupying 3,520 acres of land with 25 miles of waterfront in the City of Long Beach, including 10 piers and 80 berths. Each year, the Port handles more than 9 million 20-foot container units (TEUs) containing cargo valued at $200 billion.

The property is also located a few miles west of the Downtown Long Beach which includes the City Hall, the Long Beach Convention Center, Entertainment and Performing Arts Center, Rainbow Harbor, Shoreline Village, Aquarium of the Pacific, The Queen Mary and Carnival Cruise Port, as well as a burgeoning urban residential population.

Investment highlights

  • Great Opportunity for Owner/User Creative Office/Live-Work/Retail/Warehouse/Services Related Use
  • Potential for Affordable Multi-Family Housing Redevelopment
  • Easy access to Interstate (710) and (110) Freeways
  • Located in the California Opportunity Zone
  • Close proximity to the Ports of Los Angeles and Long Beach
  • Located a few miles west of Downtown Long Beach, a beachfront city that enjoys a burgeoning of urban living, as well as a variety of cultural, business and entertainment venues

Listing Contacts

MP
CA 00861399
Marcus & Millichap - South Bay
Listed by Marcus & Millichap - South Bay

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Additional Information

Name
Martin Porter
License
00861399
Brokerage
Marcus and Millichap
Title
Real Estate Broker
Brokerage Address
111 West Ocean Boulevard
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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