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$995,000
Est. payment /mo
0.6 Acres Lot
UPDATED:
12/15/2024 10:26 PM
Key Details
Property Type Vacant Land
Listing Status Active
Purchase Type For Sale
Subdivision Memorial Heights (Mh)
MLS Listing ID PW24237327
HOA Y/N No
Lot Size 0.597 Acres
Lot Dimensions Survey
Property Description
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.
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.
Location
State CA
County Los Angeles
Area 9 - Poly High
Zoning LBR1N
Interior
Fireplace No
Exterior
Fence Chain Link
Community Features Suburban
Utilities Available Electricity Available, Natural Gas Available, Sewer Available, Water Available
View Y/N Yes
View Neighborhood
Building
Lot Description Gentle Sloping, Rectangular Lot, Trees
Sewer Unknown
Water Public
New Construction No
Others
Senior Community No
Tax ID 7207020022
Acceptable Financing Cash to New Loan
Listing Terms Cash to New Loan
Special Listing Condition Standard, Trust
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Listed by Ian Hand • Coldwell Banker Realty • 562-682-6780