| Property Type | Land |
| Property Subtype | Commercial |
| Total Lot Size | 0.43 AC |
CBRE, Inc. as exclusive advisor is pleased to present “The Residences at Linden,” a unique opportunity to acquire an entitled 82-unit apartment development site with over 4,000 square feet of retail space located in the East Village Arts District of Long Beach, California. The property is just five blocks from the Pacific Ocean and four blocks to the Metro Blue Line 1st Street Station. It is walking distance to numerous restaurants, bars, retail shops and tourist attractions that encompass the core of Downtown Long Beach. It enjoys a Walk Score of 97 and a Bike Score of 86. Regarded as one of the last affordable beach cities in Southern California, the City of Long Beach is undergoing a dramatic renaissance. Over $2.5 billion is currently being spent on new construction in the City, including a new Civic Center, the proposed Second & PCH project, the Queen Mary Island project, and the new Cal State Long Beach project on the “Acres of Books” site. Unemployment in the area stands at 4.7% and approximately 9,000 new jobs are being introduced into the market. The City is booming. The Residences at Linden is fully entitled to build a mix of one bedroom and two bedroom units, some with lofts. It is not subject to the new Affordable Housing Linkage Fee and does not fall into the Coastal Zone. The property is offered to the market on an unpriced basis.
| Parcel Numbers | 7281-019-047, 7281-019-048 | Improvements Assessment | $0 |
| Land Assessment | $5,584,153 | Total Assessment | $5,584,153 |
125-135 Linden Ave_Costar1_Page_04
125-135 Linden Ave_Costar1_Page_02
The LoopNet service and information provided therein, while believed to be accurate, are provided "as is". LoopNet disclaims any and all representations, warranties, or guarantees of any kind.