Active
201 W Pacific Coast
Long Beach CA, 90806
$11,500,000
$5,750.00 per sqft
Active
2,000 sqft
Commercial
Built in 1969
Listed by Benny Huynh with Advance Estate Realty 714-894-4306
Welcome to 201-231-245 PCH, a premier real estate development project consists of 3 parcels combined strategically located in the thriving city of Long Beach. This meticulously planned mixed-use development offers investors and developers a rare opportunity to acquire a fully entitled project, eliminating entitlement risk and reducing carrying costs. Situated in an Opportunity Zone designation, 201-231-245 PCH provides significant tax advantages for long-term real estate investors, including the deferral and potential elimination of capital gains tax.
Key Features:
Existing supermarket on the first parcel and raw land for the 2 other parcels. Entitlements and Approved Plans: With entitlements secured and existing architectural plans in place, 201-231-245 PCH streamlines the development process, saving time and resources. Developers can seamlessly move forward with construction, maximizing efficiency and profitability.
Strategic Location: Nestled at the corner of Pacific Coast Hwy and Pacific Ave, 201-231-245 PCH enjoys prime visibility and accessibility in the heart of Long Beach. Spanning 1.59 acres across four parcels of land, the project offers ample space for residential and commercial development.
Mixed-Use Concept:
Boasting 182,000 sqft of residential and commercial spaces, 201-231-245 PCH features two/five-story multi-level mixed-use buildings. The residential component comprises 138 meticulously designed units, including a mix of studio, two-bedroom, and three-bedroom apartments, catering to diverse lifestyles and preferences.
Premium Amenities: Residents will enjoy an array of amenities, including a market & storage area, business center, fitness facilities, lobby, leasing office, and utility storage area. The project prioritizes convenience and quality of life, creating an exceptional living environment for tenants.
Parking Convenience: With four parking levels, including two levels of subterranean parking, 201-231-245 PCH offers ample parking spaces for residents and visitors. A total of 258 parking spaces, including provisions for electric vehicles and bicycle parking, enhance accessibility and sustainability.
Invest with Confident:
201-231-245 PCH presents a compelling investment opportunity for those seeking to capitalize on the booming real estate market in Long Beach. With entitlements secured, strategic location, and tax incentives within reach, this project promises long-term growth and profitability for investors.
OC24086803
MLSⓇ ID
April 30, 2024
Listed
May 15, 2024
Updated
Map
201 W Pacific Coast
Long Beach CA, 90806
Interior Features
Total Stories
1
Laundry Description
None
Fireplace
No
Cooling
No
Heating
No
Exterior/Building Features
Lot Size
1.59 Acres
Lot Features
0-1 Unit/Acre
Other Property Details
Area Name
7 - North Long Beach
Days on Market
14
Garage
No
View
No
County
Los Angeles
Water Source
Public
Pool
No
Listing Contact: 714-894-4306
Based on information from the California Regional Multiple Listing Service (CRMLS) as of 5/15/2024. 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 usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.
©2024 California Regional Multiple Listing Service (CRMLS) all rights reserved.
Data last updated on 5/15/2024 at 1:10 AM UTC