3626 E 1st St, Long Beach, CA 90803

Property Description

5-Unit Townhome Site - Belmont Heights location. Beach adjacent townhome site on 1st Street in the highly desirable neighborhood of Belmont Heights. This property offers builders an opportunity to construct up to 5 townhome units situated 1 1/2 blocks from the sand. The site is within walking and biking distance of the Belmont Shore and its retail corridor with over 50 dining establishments and numerous local and national retail businesses. Design a 5-unit townhome development with subterranean parking or a 4-unit townhome site with ground level garages. Topographical survey available. Adjacent to Bluff Park Historical Zone but not in the Historical Zone. The neighborhood has a high demand and low supply of for-sale housing. The property has a 2,800 SF duplex with both units 3 bedrooms and 1 1/2 baths. The upstairs unit partially remodeled. 6 garages are on the property with site access from 1st Street and rear alley with ingress and egress off Loma Street. No tenants occupy the units. The city of Long Beach has seen over $4 billion in private and public investment in the last several years. Creating one of the most exciting and vibrant revitalizations in all Southern California. Long Beach has been designated "Space Beach" attracting industry-leading aerospace companies to the City. In the last 2 years Long Beach has seen aerospace companies Vast, Odys, Space X, and Relativity lease over 1.5 million square feet of satellite and engineering space in the city. Bringing employees with average salaries in six figures and creating one of the country’s most powerful magnets, attracting a well-educated, affluent, and youthful employment base to the city. Long Beach is one of the most pro-business and diverse economies in Southern California.