Property Detail

Description

Rare development opportunity in the heart of Long Beach. These two contiguous parcels are being offered together and present a unique investment opportunity in an established urban neighborhood. Currently leased and occupied by the Long Beach Unified School District, the property is being sold as land only. Portable classroom/building structures currently located on site are tenant-owned personal property and are not included in the sale. These parcels may also be purchased as part of a rare 5-parcel assemblage offering more than 27,000 square feet of combined lot areawell over one-half acre of prime urban infill land. Opportunities of this scale and flexibility are exceptionally rare, especially where assembling multiple adjacent parcels can take years. Whether acquired for income with existing tenancy or as part of the larger assemblage for thoughtful, profitable redevelopment, this offering presents compelling long-term potential. Buyer to verify zoning, development possibilities, lease terms, and all intended uses with the City of Long Beach. Additional addresses for sale by same owner include 1403, 1425 and 1429 Elm. See private remarks for more information regarding additional contiguous parcels.