3040 Pasadena Avenue new

Long Beach,CA 90807

$ 995000

- Bed

- Bath

26000 SqFt


Key Details

Property Type Vacant Land

Sub Type Unimproved Land

Listing Status Active

Purchase Type For Sale

Square Footage 26,000 sqft

Price per Sqft $38

MLS Listing ID CRPW24237327

HOA Y/N No

Originating Board Datashare California Regional

Lot Size 0.597 Acres

Property Description

FOUR R1 LOTS This is a parcel of four contiguous lots on Pasadena Avenue, (lots 4,5,6 and 7), each 50' wide x 130' deep; giving a total area of 26,000 sq ft. The parcel is located close to the burgeoning Long Beach Memorial Hospital campus, a Salvation Army sporting complex and has nearby public transport, retail and freeway access. Each lot is currently zoned R1N but the City of Long Beach may be amenable to a proposal to develop additional dwellings. While located in an area currently used for oil production, many homes in the area were built in 2000'. One lot contains an abandoned oil well which ceased operation in the 70s and was certified as abandoned in 2000. A recent methane test showed zero emission, and a prescribed barrier installed. Documentation is available to prospective buyers. The land has been owned by the family more than six decades and offers a unique moment for residential development in a largely built out city. A recent survey identified an easement twenty feet in width for a future alley, which may be available as an additional 1000 sq ft to each lot.

Location

State CA

County Los Angeles

Interior

Fireplace No

Exterior

View Other

Building

Water Public

View More
Favorite Go Tour