3040 Pasadena Avenue, Long Beach CA, 90807

Active

3040 Pasadena Avenue

Long Beach CA, 90807

$995,000

$38.27 per sqft

Active

0.6 Acres

Land

Listed by Ian Hand with Coldwell Banker Realty 562-682-6780

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 two decades ago. 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.
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.
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.

PW24237327

MLSⓇ ID

November 20, 2024

Listed

December 15, 2024

Updated

Map

3040 Pasadena Avenue
Long Beach CA, 90807

Exterior/Building Features

Lot Size: 0.6 Acres
Lot Features: Gentle Sloping, Rectangular Lot, Trees
Sewer: Unknown

Other Property Details

Area Name: 9 - Poly High
Days on Market: 25
Garage: No
View: Yes
View Description: Neighborhood
County: Los Angeles
Water Source: Public
Pool: No
Zoning: LBR1N

Listing Contact: 562-494-4600

Based on information from the California Regional Multiple Listing Service (CRMLS) as of 12/15/2024. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.

Data last updated on 12/15/2024 at 10:59 PM UTC