1701 Long Beach Boulevard
Long Beach, CA 90813

Tenants are not aware of the sale, please do not talk to tenants. This an excellent development, investment, or owner use opportunity. 1701 Long Beach Blvd is a prime development parcel situated on the Specific Plan Districts (SP-1-CDR, former PD 29). The Midtown Specific Plan provides a framework for the development and improvement of a 369-acre corridor along Long Beach Boulevard in the City of Long Beach. The Specific Plan is intended to be more flexible than conventional zoning to encourage new investment and development along the corridor. The Corridor District is applied to properties along Long Beach Boulevard between Blue Line stations and the 405 Freeway. It is intended to provide housing options and neighborhood-serving uses within walking distance of a transit node. Multifamily residential and mixed-use projects are in two- to four-story buildings. Single-use, neighborhood-serving uses occupy buildings between one and three stories. 4% Stabilized Cap Rate with current rent & New Tax. Current rent is below the market rate. Low land price / SF of only $91.46. Heavy traffic volume, minutes to Metro Blue Line stations, close to freeways and beach, excellent exposure for business and easy access from Long Beach Blvd and Palmer Ct.