Property Detail

Description

Rare development opportunity in the heart of Long Beach. 1425 and 1429 Elm Avenue are two contiguous parcels being offered together and must be sold together. Both parcels are currently leased and occupied by the Long Beach Unified School District and are being sold as land only. Portable classroom/building structures currently located on the properties are tenant-owned personal property and are not included in the sale. Adding to the opportunity, 1403 Elm Avenue is also being offered for sale by the same owner as a separate transaction, creating the potential to acquire three parcels along the same street. Opportunities to assemble multiple parcels in an established Long Beach neighborhood are increasingly rare and can take years to put together. Whether 1425 and 1429 Elm are acquired for income with the existing tenancy or combined with the separately offered 1403 Elm Avenue as part of a larger assemblage for future redevelopment, this offering presents compelling long-term potential. Buyer to verify zoning, development possibilities, lease terms, parcel configurations, and all intended uses with the City of Long Beach.