1,392 sqft

$749,000

3061 Long Beach, Long Beach CA, 90807

Price per sqft$538.07

Built in1964

Property size1,392 sqft

Property typeCommercial

Listed by Samir Rai CA DRE# 01868728 with Keystone Realty Group 909-994-9090

Overview

Under contract

Active Under Contract

Listed May 19, 2026

Updated Aug 25

Exceptional opportunity to acquire a prime corner-lot multifamily development site located in one of Long Beach’s most sought-after transit corridors. Offered at a newly reduced price of $749,900, the property features conditionally approved plans for a ±13,000 SF, three-story apartment project consisting of 14 units (including 3 affordable units). Designed for maximum efficiency, the project carries no on-site parking requirement, significantly reducing future construction costs and maximizing net rentable square footage. For investors seeking immediate cash flow during the entitlement and permitting process, the property is currently occupied by a cooperative month-to-month tenant who covers all day-to-day operational responsibilities. This provides a steady interim revenue stream with no maintenance burden to the owner. Investment Highlights: Currently generating $4000/month, tenant on MTM, and willing to work with the new owner to update their lease terms/price. This other bonus is this an Exceptional opportunity to acquire a potential 14-unit multifamily development site located in one of Long Beach’s most sought-after development zones and within a designated transit corridor.

Additional information

MLS^® ID: TR26109242

Interior Features

Basement: No

Exterior Features

Lot Size: 0.16 Acres

Listed by Samir Rai CA DRE# 01868728 with Keystone Realty Group 909-994-9090

Based on information from the California Regional Multiple Listing Service (CRMLS) as of 8/25/2026. 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 8/25/2026 at 1:43 AM UTC Last Checked: 1:43 AM UTC