300 alamitos ave

LONG BEACH, CA

 
 
 
 
 

71

Buildable Units

25,700

Lot Size SF

89,662

Envelope SF

$204.28

Price/Land SF

$73,944

Price/Buildabl

LBPD30

Zoning

0.59

Lot Size Acres
 

The LAAA Team of 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.

 
 

Glen Scher

SENIOR VICE PRESIDENT

O: (818) 212-2808

M: (818) 667-6683

Email Now

Filip Niculete

SENIOR MANAGING DIRECTOR

O: (818) 212-2748

M: (818) 577-9893

Email Now