711 Pine Avenue

711 Pine Avenue, Long Beach, CA 90813

  • For Sale Request for Bid
  • Property Type VacantLand
  • Lot Size 0.27 Acre
  • Additional Rent Contact for pricing
  • Date Updated Nov 1, 2024
Downtown Long Beach is a highly sought after and walkable area, featuring the dining and entertainment amenities of Pine Avenue in addition to attractions like the Aquarium and Convention Center. There is a high demand for housing in Downtown Long Beach but the current supply is out dated and lacking amenities.YoungLewin is proud to present a fully entitled, 49-unit redevelopment opportunity located on Pine Avenue, available for purchase, or joint venture. Perfectly positioned in the path of progress, this urban infill residential development offers significant potential for growth while providing the option for in-place income from potential retail tenants to offset holding costs during the redevelopment process. This property is a walker’s paradise with a 97 Walk Score and is located in a Qualified Opportunity Zone (QOZ), with an active QOZ fund already engaged in the project—offering investors the benefits of this strategic tax incentive. The proposed development consists of 7 stories with 5-stories Type III construction over 2 stories of Type I. Lower level units range from 430 - 467 square feet and the top story mezzanine units range from 604 - 628 square feet. Property amenities for tenants include a modern lobby/lounge, coworking space, community rooms, a rooftop deck, and exclusive two-level mezzanine units. The site is transit-oriented and highly walkable, providing convenience for residents with grade-level parking that includes 8 surface spaces and 50 bicycle parking spots. Ownership is open to joint venture opportunities, making this an attractive option for investors looking to capitalize on a high-growth area with a competitive return on cost potential.

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Highlights

  • Seller is Open to a Joint Venture Agreement, LP, and OZ Investors
  • Fully Entitled 49 Unit Redevelopment Opportunity
  • Opportunity for In-Place Income from Retail Space to Offset Holding Costs Through RTI Permits
  • Located in the Path of Progress on Pine Ave with Numerous Amenities and a 97 Walk Score
  • Located in an Opportunity Zone with a Qualified Opportunity Zone Fund Active for the Project
  • Grade-Level Parking to Avoid High Cost Subterranean Parking

Contacts

broker

Shane Young

Young Lewin Advisors

Location

Getting Around

  • Walk Score ®

    97/100 Walker's Paradise
  • Transit Score ®

    74/100 Excellent Transit
  • Bike Score ®

    86/100 Very Bikeable
Powered by Walk Score ®
  • City Long Beach, CA
  • Neighborhood Willmore City
  • Zip Code 90813
  • Market Los Angeles

Points of Interest

  • 5th Street

    0.24 miles

  • Pacific Avenue

    0.24 miles

  • Anaheim Street

    0.47 miles

  • Pacific Coast Highway

    0.97 miles

  • Wardlow

    3.06 miles

  • Del Amo

    5.10 miles

  • 76

    0.33 miles

  • Chevron

    0.54 miles

  • Shell

    0.55 miles

  • USA gas

    0.70 miles

  • Speedway Express

    0.81 miles

  • Arco

    0.96 miles

  • eVgo

    2.31 miles

  • Blink Charging Station

    3.16 miles

  • ChargePoint

    4.82 miles

  • Blink

    5.97 miles

  • Parking structure

    0.32 miles

  • parking structure

    0.42 miles

  • Parking structure (for courthouse)

    0.61 miles

  • Public Parking

    0.96 miles

  • Lot 1

    1.42 miles

  • Long Beach Transit

    1.44 miles

  • Lot 2

    1.47 miles

  • Lot 3 Staff

    1.52 miles

  • Lot 7 staff

    1.53 miles

  • P2

    1.53 miles

  • The Varden Hotel

    0.32 miles

  • Bay Hotel

    0.44 miles

  • Hotel Royal

    0.53 miles

  • Hotel Mai

    0.53 miles

  • City Center Motel

    0.55 miles

  • Marriott Long Beach Downtown

    0.58 miles

  • The Inn of Long Beach

    0.62 miles

  • Westin

    0.62 miles

  • BEST WESTERN PLUS Hotel at the Convention Center

    0.63 miles

  • The Westin Long Beach

    0.63 miles

  • Sheila Baby Carryout

    0.02 miles

  • Mariscus Los Buchones

    0.17 miles

  • El Pollo Loco

    0.18 miles

  • Denny's

    0.18 miles

  • Japanese Fried Chicken

    0.20 miles

  • Carl's Jr.

    0.20 miles

  • Baja Cali

    0.21 miles

  • McDonald's

    0.21 miles

  • Subway

    0.22 miles

  • La Condesa De Oaxaca

    0.22 miles

  • Jenny Oropeza Elementary School

    0.10 miles

  • Renaissance High School For The Arts

    0.15 miles

  • First Lutheran School

    0.42 miles

  • Edison Elementary School

    0.49 miles

  • Stevenson Elementary School

    0.49 miles

  • St Anthony High School

    0.61 miles

  • Washington Middle School

    0.66 miles

  • PAAL

    0.77 miles

  • Roosevelt Elementary School

    0.84 miles

  • Franklin Middle School

    0.87 miles

  • Great Beginnings

    2.11 miles

  • A Village Child Care

    2.97 miles

  • Oak Wood Academy

    3.65 miles

  • Artesia Head Start

    6.54 miles

  • Tiny Heartz Daycare LLC

    6.62 miles

  • injoy life

    8.11 miles

  • The Learning Box Childcare & Enrichment Center Inc

    8.36 miles

  • YMCA After School Program

    9.08 miles

  • Little Stars

    9.68 miles

  • Coastal Kids Preschool

    9.73 miles

Frequently Asked Questions

How much does 711 Pine Avenue cost?

The sale price for 711 Pine Avenue is available upon request. Contact the listing broker for more information.

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Contact Listing Broker

broker

Shane Young

Young Lewin Advisors