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201 W Pacific Coast

Long Beach, CA 90806
  • $26,000,000
  • STATUS: Active
  • ON SITE: 22 Days
  • ID#: OC21248618
UPDATED: 13 min ago
$26,000,000
  • 0
    BEDS
  • 1.58
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Vacant Land / Lots
County:

School Ratings & Info

Listing Agent: Kelvin Ho of Golden Mortgages & Associates Inc


Description

We are proud to exclusively present for sale the 201 PCH mixed-use development project. It is one of the last few large corner lots available with 3 sides of street frontage and conveniently located within two miles from downtown Long Beach, California. 201 PCH ("the project), is a fully-entitled and permit ready development site. The project offers the investor/ developer an opportunity to acquire a shovel-ready project that eliminates any entitlement risk; thus, saving money by reducing carrying costs. Additionally, it is located in an Opportunity Zone designation, a new tax saving strategy for long term real estate investor. It allows the investor to defer capital gain tax and eventually eliminates capital gains tax.The 201 PCH mixed use project is sold with approved entitlements and existing architectural plans. This project has been approved and ready to have permits by the city of Long Beach. The project consists of 4 parcels of land totaling 1.59 acres, around 70,000 square foot, located at the corner of Pacific Coast Hwy and Pacific Ave in the city of Long Beach. The project will feature 182,000 sqft of residential and commercial space, divided into two/five story multi-level mixed use buildings. It consists of 138-unit apartments on 2nd floor to 5th floors, with a mixture of 89 units of 1-bedroom studio, 32 units of two-bedroom/two bath, and 8 units of three-bedroom/two bath. The total of residential rentable square foot is 115,000. The commercial square foot is 66,000 square foot, on the first level, including a market & storage area, business center, fitness, lobby, leasing office, and utility storage area. The complex will have all required parking spaces on four parking levels, with two levels of subterranean parking. The total square foot for garage area is 99,900 with a total of 258 parking spaces, including 25 spaces for electric vehicles and 78 spaces for bicycle parking.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2021-12-07T19:28:34.8. 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 or The Parsons Team | Keller Williams Realty. Licensed in the State of California, USA.
www.theparsonsrealestateteam.com/homes/123285623
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201 W Pacific Coast Long Beach, CA 90806

  • Price: $26,000,000
  • Status: Active
  • On Site: 22 Days
  • Updated: 13 min ago
  • ID#: OC21248618
0
Beds
0
Baths
0
½ Baths
1.58
Acres
Neighborhood:
Downtown (Dt)
County:
Los Angeles
Area:
4 - Downtown Area, Alamitos Beach
Property Description
We are proud to exclusively present for sale the 201 PCH mixed-use development project. It is one of the last few large corner lots available with 3 sides of street frontage and conveniently located within two miles from downtown Long Beach, California. 201 PCH ("the project), is a fully-entitled and permit ready development site. The project offers the investor/ developer an opportunity to acquire a shovel-ready project that eliminates any entitlement risk; thus, saving money by reducing carrying costs. Additionally, it is located in an Opportunity Zone designation, a new tax saving strategy for long term real estate investor. It allows the investor to defer capital gain tax and eventually eliminates capital gains tax.The 201 PCH mixed use project is sold with approved entitlements and existing architectural plans. This project has been approved and ready to have permits by the city of Long Beach. The project consists of 4 parcels of land totaling 1.59 acres, around 70,000 square foot, located at the corner of Pacific Coast Hwy and Pacific Ave in the city of Long Beach. The project will feature 182,000 sqft of residential and commercial space, divided into two/five story multi-level mixed use buildings. It consists of 138-unit apartments on 2nd floor to 5th floors, with a mixture of 89 units of 1-bedroom studio, 32 units of two-bedroom/two bath, and 8 units of three-bedroom/two bath. The total of residential rentable square foot is 115,000. The commercial square foot is 66,000 square foot, on the first level, including a market & storage area, business center, fitness, lobby, leasing office, and utility storage area. The complex will have all required parking spaces on four parking levels, with two levels of subterranean parking. The total square foot for garage area is 99,900 with a total of 258 parking spaces, including 25 spaces for electric vehicles and 78 spaces for bicycle parking.
Exterior Features

Fencing Barbed Wire Lot Features Corner LotNear Public Transit Sign On Property YN Yes View None View YN No

Property Features

Additional Parcels YN Yes Association Fee 0 Association YN No Common Interest None Community Features Suburban Current Financing ContractConventional Electric Electricity - On Property Land Lease YN No Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms CashCash To New Loan New Construction YN No Senior Community YN No Special Listing Conditions Standard Utilities Electricity AvailableNatural Gas AvailableUnderground UtilitiesWater Available Water Source Public Zoning Lbch



Based on information from California Regional Multiple Listing Service, Inc. as of 2021-12-07T19:28:34.8. 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 or The Parsons Team | Keller Williams Realty. Licensed in the State of California, USA.
 
https://bt-photos.global.ssl.fastly.net/socal/orig_boomver_1_367567199-1.jpg https://bt-photos.global.ssl.fastly.net/socal/orig_boomver_1_367567199-1.jpg https://bt-photos.global.ssl.fastly.net/socal/orig_boomver_1_367567199-1.jpg
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The Parsons Team | Keller Williams Realty
251 S. Lake Ave #150
Pasadena CA, 91101
Listing Agent: Kelvin Ho of Golden Mortgages & Associates Inc