- $749k Price
- .16 Acres
- 108 DOM
3061 Long Beach
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.
Essential Information
- MLS® #TR26109242
- Price$749,000
- Bathrooms0.00
- Acres0.16
- Year Built1964
- TypeCommercial Sale
- Sub-TypeMixed Use
- StatusActive Under Contract
Community Information
- Address3061 Long Beach
- Area7 - North Long Beach
- CityLong Beach
- CountyLos Angeles
- Zip Code90807
Interior
- # of Stories1
Exterior
- Lot DescriptionZeroToOneUnitAcre
Additional Information
- Date ListedMay 1st, 2026
- Days on Market108
Listing Details
- AgentSamir Rai
- OfficeKeystone Realty Group
Price Change History for 3061 Long Beach, Long Beach, (MLS® #TR26109242)
| Date | Details | Change |
|---|---|---|
| Status Changed from Active to Active Under Contract | – | |
| Price Reduced from $799,000 to $749,000 |
Samir Rai, Keystone Realty Group.
Based on information from California Regional Multiple Listing Service, Inc. as of September 4th, 2026 at 4:51pm PDT. 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, 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.