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937 Pine Ave, Long Beach, CA 90813
$7,200,000
937 Pine Ave, Long Beach, CA 90813View this property at 937 Pine Ave, Long Beach, CA 90813
937 Pine AveLong BeachCA90813
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Property Description
140-Unit Development Site in Prime Long Beach, Entitled at COE. Available for sale or joint venture, the offering consists of a forthcoming entitlement for a140-unit multifamily project on .516 acres of land situated on the corner of Pine Ave. and 10th St. Located just north of Downtown Long Beach and around the corner from the Pacific Ave. Blue Line light rail, the three-parcel site is subject to attractive high density zoning ideal for multifamily development. 937-947 Pine Ave. offers an incredible, walkable amenity base and transit connectivity. Ownership is in the process of obtaining an entitlement for a140-unit, woodframe over concrete podium, 8-story, at-grade apartment project with 15 restricted affordable units and approximately 2000 square feet of ground floor retail/amenity space. New construction apartments in Downtown Long Beach and the surrounding area achieve rents surpassing $4 per square foot, well above the submarket and County averages. As part of a state-mandated housing planning process to relieve the current housing shortage, the city of Long Beach is tasked with adding over 26,000 new homes to its housing stock by 2029. Housing permits have decreased significantly since over 1000 units were permitted in 2021 suggesting a lack of new supply once 937-947 Pine is expected to deliver.
Full Property Details
Full Property Details for 937 Pine Ave
General
- Price: $7,200,000
- Status: Active
- Type: Lots/Land
- MLS ID: 24-373895
- Updated: 3/28/2024
- Added to Site: 53 day(s) ago
Location
- Area: Downtown Area, Alamitos Beach
- County: Los Angeles
- Driving Directions: Southwest corner of Pine Ave. & W. 10th St.
Utilities
- Gas: On Site
- Sewer: In Street
- Water: Meter on Property, In Street
- Telecomm.: In Street
Lot Features
- Property View: Harbor, Bay, Bridge, Coastline, City Lights, City
- Lot Size (Acres): 0.516
- Lot Size: 22500
- Lot Size Source: Assessor
- Lot Dimensions: 150 x 150
- Topography: Flat
- Lot Features: Corner Lot
- Zoning: PD-30
Disclosures and Reports
- Disclosures/Reports: None
- APN: 7273-014-008
Listed by CB Richard Ellis, Inc., Adam Peterson
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Schools
Schools serving 937 Pine Ave
School District:Long Beach Unified School District
Rating | Name | Grades | Distance |
---|---|---|---|
700 Locust Ave, Long Beach, CA 90813 | PK-5 | 0.2 mi | |
1450 Cedar Ave, Long Beach, CA 90813 | 6-8 | 0.5 mi | |
1600 Atlantic Ave, Long Beach, CA 90813 | 9-12 | 0.7 mi |
Disclaimer: School ratings provided by
GreatSchools. Ratings are on a scale of 1-10.
Learn more about GreatSchools ratings.
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 937 Pine Ave
Date
Details
Price
Change
Source
3/28/2024
Listed
$7,200,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 937 Pine Ave
Year
Property Taxes
Change
Tax Assessment
Change
2023
$22,257
6%
$1,691,342
2%
2022
$20,901
2%
$1,658,180
2%
2021
$20,469
378%
$1,625,668
513%
2020
$4,284
1%
$265,351
2%
2019
$4,239
6%
$260,149
2%
2018
$3,993
1%
$255,049
2%
2017
$3,954
9%
$250,049
2%
2016
$3,623
4%
$245,147
2%
2015
$3,498
—
$241,466
2%
2014
$3,504
3%
$236,737
—
2013
$3,411
—
$235,668
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 937 Pine Ave
937 Pine Ave, Long Beach, CA 90813 (MLS# 24-373895) is a Lots/Land property with a lot size of 0.5160 acres. 937 Pine Ave is currently listed for $7,200,000 and was received on March 28, 2024. Want to learn more about 937 Pine Ave? Do you have questions about finding other Lots/Land real estate for sale in Long Beach? You can browse all Long Beach real estate or contact a Coldwell Banker agent to request more information.