$23,000,000 201 W Pacific Coast Long Beach, CA

MLS: OC21248618   Type: Land   County: Los Angeles   City: Long Beach   Area: Downtown Area - Alamitos Beach   Neighborhood: Downtown   Zip: 90806  

Mortgage $107,981 /mo



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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 ±69,000 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 9 units of 0bad/1bed, 89 units of 1bed/1bath, 32 units of 2bed/2bath, and 8 units of 3bed/2bath. 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, lobby, leasing office, and utility storage area. The complex will have all required parking spaces on four parking levels, with two levels of subterranean parking. The total square foot for garage area is 99,900 with a total of 258 parking spaces, including 25 spaces for electric vehicles and 78 spaces for bicycle parking.

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Price History

11/15/2021 Listed $26,000,000
12/17/2021 12% - $23,000,000

Additional Parcels Description 7209022900, 7209022023, 7209022027
Additional Parcels Y/N Yes
Association Y/N No
Community Features Suburban
Electric Electricity - On Property
HOA Fee 0
Land Lease Y/N No
Listing Agent Kelvin Ho - BRE#01513761
Listing Agent State License 01513761
Lot Size Square Feet 69000
MLS Area 4 - Downtown Area, Alamitos Beach
Property Type Land
Senior Community Y/N N
Special Listing Conditions Standard
Status Active
Subdivision Name Downtown (DT)
Terms Cash, Cash to New Loan
Utilities Electricity Available, Natural Gas Available, Underground Utilities, Water Available
View None
Zoning LBCH

Exterior Features

Fencing Barbed Wire
Lot Features Corner Lot, Near Public Transit
Lot Size Acres 1.58
Lot Size Area 69000
Lot Size Source Assessor
Lot Size Units Square Feet
View Y/N No
Water Source Public

Property Schools

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Property vs Zip Code Avg (90806)

Price 23.0M Avg 11.6M

Acres 1.58 Avg 0.85

Visits 202 Avg 109

Days on Site 73 Avg 61

Walkscore® 84 Avg 76

Data Provided by Walkscore ® not using MLS data

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Listing Provided Courtesy Of: Kelvin Ho with Golden Mortgages & Associates Inc - 7147153439

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Location & Address

Jackson Mosley - DRE#01128579
Corporate Office Location: 2603 Camino Ramon Suite 200
San Ramon, CA