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Multi-Family

300 Alamitos

300 Alamitos Ave, Long Beach, CA 90802

Listing Price: $5,250,000

Lot Size
0.59 acres
Price/Acre
$8,898,444
Land Type
Land
Buildable Square Feet
89,662

Investment Overview

Marcus & Millichap is pleased to present 300 Alamitos Avenue in Downtown Long Beach, California. The Offering is fully entitled for a 71 unit multifamily building in Prime Alamitos Beach. The mid-rise development will comprise of 89,662 SF of rentable area consisting of Studio, 1 Bed and 2 Bed units. Community amenities include a garden, fitness center, rooftop deck, bike kitchen, incredible views of the ocean, etc. The 0.59 acre site has excellent frontage on Alamitos Avenue and is approximately 4 blocks from the sand and ocean of Alamitos Beach. The Offering is well located within Downtown Long Beach's core which is undergoing a major urban revival with public and private investment. The Site boasts a Walk Score of 97 and is proximate to many popular restaurants, nightlife, entertainment, waterfront activities, etc. Long Beach has been experiencing a boom in major developments, attracting new investors and tenants. There's over $3.5 billion new construction projects throughout the city. This level of development has created approximately 9,000 new jobs. The Downtown Plan (PD-30) has become the driving force of this revitalization. The Offerings fully entitled status offers investors and developers a quick path to this booming market with the ability to break ground shortly after close of escrow.

Investment Highlights

  • Fully Entitled for 71 Units
  • Prime Coastal In-fill Location
  • Rare 25,700 SF Double Lot
  • Walking Distance to Beach
  • Corners on 3rd and 4th Street
  • 97 Walk Score

Exclusively Listed By

Financing By

Multi-Family

300 Alamitos

Listing Price: $5,250,000

Lot Size
0.59 acres
Price/Acre
$8,898,444
Land Type
Land
Buildable Square Feet
89,662

Investment Highlights

  • Fully Entitled for 71 Units
  • Prime Coastal In-fill Location
  • Rare 25,700 SF Double Lot
  • Walking Distance to Beach
  • Corners on 3rd and 4th Street
  • 97 Walk Score

Investment Overview

Marcus & Millichap is pleased to present 300 Alamitos Avenue in Downtown Long Beach, California. The Offering is fully entitled for a 71 unit multifamily building in Prime Alamitos Beach. The mid-rise development will comprise of 89,662 SF of rentable area consisting of Studio, 1 Bed and 2 Bed units. Community amenities include a garden, fitness center, rooftop deck, bike kitchen, incredible views of the ocean, etc. The 0.59 acre site has excellent frontage on Alamitos Avenue and is approximately 4 blocks from the sand and ocean of Alamitos Beach. The Offering is well located within Downtown Long Beach's core which is undergoing a major urban revival with public and private investment. The Site boasts a Walk Score of 97 and is proximate to many popular restaurants, nightlife, entertainment, waterfront activities, etc. Long Beach has been experiencing a boom in major developments, attracting new investors and tenants. There's over $3.5 billion new construction projects throughout the city. This level of development has created approximately 9,000 new jobs. The Downtown Plan (PD-30) has become the driving force of this revitalization. The Offerings fully entitled status offers investors and developers a quick path to this booming market with the ability to break ground shortly after close of escrow.

Exclusively Listed By

Financing By

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