201 Pacific Coast, Long Beach CA 90806 | $26,000,000

  • bedrooms
  • bathrooms
  • 0 Sq Ft
  • 69000 Lot Sq Ft
  • Type: Lots/Land
  • Stories:
  • Year Built:
  • MLS#: 305009909
  • Community:

Listing provided courtesy of Kelvin Ho of Golden Mortgages & Associates Inc. Last updated 2021-11-15 10:16:23.000000. Listing information © 2021 SANDICOR.

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, lo

More Details

1.58 Acres

Vicki Podwell

Call or Text: 760.473.2082