3040 Pasadena AVE Active

Long Beach,CA 90807

$ 995000

- Bed

- Bath

- SqFt


Key Details

Property Type Vacant Land

Sub Type Other Residential Land

Listing Status Active

Purchase Type For Sale

MLS Listing ID CRPW24237327

Originating Board California Regional MLS

Lot Size 0.597 Acres

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.

Location

State CA

County Los Angeles

Area 9 - Poly High

Zoning GSL,LY,LSR,TRE

Exterior

Fence Chain Link

Utilities Available Electricity - On Site

View Local/Neighborhood

Building

Lot Description Trees,Grade - Gently Sloped

Water District - Public

Others

Tax ID 7207020022

Special Listing Condition Not Applicable

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