RESIDENTIAL and/or COMMERICAL: GREAT MIXED-USE DEVELOPMEMT OPPORTUNITY on a VERY LARGE and RARE 12,325 sq. ft. LOT* at 1722 Locust Avenue near Long Beach Blvd and Pacific Coast Highway. This Property is Located in a Prime High-Demand Business and Residential Area that is ALSO near Public Transportation (Bus and Blue Line) and LBUSD Schools. Recently Re-Zoned for Commercial and/or Residential Use, this Unique Parcel has the Potential for 20+ Units. The Property Currently has a Duplex (which is likely a Tear-Down) that Collects $2400 in Monthly Rent (with Upside Potential) and can Provide Cash Flow while Submitting Plans to the City of Long Beach Planning Department.
(Buyer to Check and Verify All Information and Use with City - DETAILS: Check City of LB website for MIDTOWN SPECIFIC PLAN (6/14/2016) Transit Node District).
Also Listed as Land PW19154028
* SEE MAP OF LOT DIMENSIONS IN PHOTOS