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3061 Long Beach
For Sale $799,000
$799,000
- 1 Units
- Unknown Sq Ft
- 6,770 Sq Ft
- Unknown Cap Rate
Description
14-Unit Multifamily Development Opportunity in Prime Long Beach Transit Corridor or keep this is a high cap rate income property. Currently generating $4000/month, tenant on MTM, and willing to work with the new owner to update their lease terms. This other bonus is this an Exceptional opportunity to acquire a potential 14-unit multifamily development site located in one of Long Beach’s most sought-after development zones and within a designated transit corridor. This corner-lot property has conditionally approved plans for a ±13,000 SF, three-story apartment project featuring 14 units, including three affordable units. The thoughtfully designed development includes modern amenities such as in-unit washer/dryers, dishwashers, elevator access, and a rooftop community space. The project also benefits from no on-site parking requirement, creating significant savings in both construction cost and design efficiency. This is a rare chance multifamily development in a high demand, transit-oriented Long Beach location with multiple avenues for future value creation. Highlights: Potential land assemblage (adjacent owner owns four contiguous parcels totaling an additional 28,588 sqft) Located in a highly desired development zone and identified transit corridor. Additional soil testing required by Regional Waterboard (first round of testing already submitted) with an estimated cost of $40-50k, sellers will provide all documentation to hand over on the transition.
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Amenities
Garage
Pool
Garden
Security System
Internet
Telephone
Heating
Fireplace
Balcony & Patio
TV / Cable
Laundry
Hardwood Floors
Spa
Air Conditioning
Solar Power
Floor Plan
Great Views
Natural Light
Quiet
Water View
Elevator
Guest Unit(s)
Furnished
220 Volt
Property Details
| List Price | $799,000 |
| Property Type | Flex Space |
| Usable Sqft | Unknown |
| Number of Stories | 1 stories |
| Parking Spots | 0 spots |
| Year Built | 1964 |
| Last Sold | Unknown |
| Sold Price | Unknown |
| APN # | 7206011031 |
| MLS # | TR26109242 |
| Property ID | 322861234 |
| Lot Sqft | 6,770 |
| Zoning | Unknown |
| Total Units | 1 |
| Days on Market | 51 |
| Original List Price | $799,000 |
| Date Updated | May 19, 2026 |
| Date Created | May 01, 2026 |
Financials not available online. Please inquire with your agent for more details.
Listing Provided By
Samir Rai an agent of . Lic #01868728
© 2026 CRMLS. All rights reserved. Some listings on this website are from CRMLS as of May 19, 2026 The information being provided is for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Robert Crawford
REAL ESTATE AGENT