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228 ELM Avenue $5,250,000

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228 ELM Avenue Long Beach, CA 90802

  • 0.00 Acres
  • Land
MLS# 18416408 | Active

$5,250,000

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Days On Market: 28 0 Views
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Property Details

Deep in Downtown Long Beach, we present for sale a double-lot with tremendous potential. Take advantage of Long Beach's recent Downtown Plan which takes the PD- 30 Zoning and turns it upside down, giving you the potential to be part of the high-rise LB Downtown community!Want a 240 foot height limit You have it. Want to build even higher How's 500 feet With reasonable requirements, 500 feet is within reach! Want to build over 200 units Sure. Or better yet, build a hotel, which requires just one half a parking space per hotel room! Or mix it up and build condos with hotel rooms and some commercial.This tremendous opportunity is in the thick of things, surrounded by everything, right by the Convention & Entertainment Center and well under a mile from the beach! Sale includes two APNs plus vacated Alley - 7281-016-009 & 7281-016-052.

  • General Features
    • Area Downtown Area, Alamitos Beach (4)
    • County Los Angeles
    • Senior Community No
    • Special Conditions Standard Sale
  • Property Features
    • Lot Size Sq Ft 12,000
    • Lot Size Source Public Records
    • View Other View

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Property History

Date Event Price Percent Change
-- Current Price Source New Value: $5,250,000
12/18/2018 12:46:00 PM New in Database Source

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