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1757 Long Beach, Long Beach, California 90813, Long Beach, 90813 - bed, bath

1757 Long Beach, Long Beach, California 90813 home-pic-0
ACTIVE$2,500,000
1757 Long Beach, Long Beach, California 90813
0Bed
0Bath
7,100Sqft
15,431Lot
Year Built
1936
Close
-
List price
$2.5M
Original List price
$2.5M
Price/Sqft
$352
HOA
-
Days on market
-
Sold On
-
MLS number
PW25256090
Home ConditionPoor
Features
Patio
View-

About this home

We found 4 Cons,5 Pros. Rank: price - $2.50M(60th), sqft - 7100(60th), beds - undefined(50th), baths - undefined(50th).

Value add mixed use property for sale in Long Beach along with separately parceled parking lot in rear on apartments. Total land size of 15,431 SF between both lots. Long terms owners and tenants with two retail units, 7 apartments units, and an excess of parking on Long Beach Blvd. A new owner has the opportunity to convert the two retail units out front into ADU's as well as build additional housing in the separate parking lot in the rear of the property. Owner only pays water and property taxes, separately metered for gas and electric. 1757 Long Beach Blvd, Long Beach, CA 90813, falls within the Midtown Specific Plan (SP-1) zoning area. This zoning allows for a variety of mixed- use developments, focusing on pedestrian-friendly commercial and residential project. With 4 stories and a Floor Area Ratio (FAR) of 2.0 (assumed based on typical mixed-use zoning), the total buildable area is 17,482 square feet. This can be spread across four stories, giving you 4,370.5 square feet per story (17,482 sq ft / 4 stories). You can build structures that combine retail spaces, offices, or residential units, such as apartments or condominiums, in mid- to high-density formats. A new owner could build up to 32 units of 500 square feet each under an FAR of 2.0 in a height of 4 stories or you could fit around 20 units (5 units/story * 4 stories) if each unit is 800 square feet. The subject property is located just outside the $6 Billion of development flooding into Downtown Long Beach, including the Long Beach Civic Center, Long Beach Aquarium, OceanAire Project, CSULB Downtown Village, Broadway Block, The Pacific and Queen Mary Island.

Price History

Date
Event
Price
11/09/25
Listing
$2,500,000
Condition Rating
Poor
The property was built in 1936, making it 88 years old. The description explicitly states that the 'current buildings likely require substantial capital investment for modernization, repairs, and potential system upgrades to meet contemporary standards.' The exterior images show significant age, wear, and outdated features, such as weathered siding, old windows, and visible window AC units, indicating a lack of central cooling. There are no interior images, but given the age and the 'value-add' nature of the property, it's highly probable that the kitchens and bathrooms are severely outdated and in need of complete renovation. The overall condition suggests substantial repairs and rehabilitation are necessary, aligning with the 'poor' rating criteria.
Pros & Cons

Pros

Extensive Development Capacity: The property offers substantial development potential, with zoning allowing for up to 17,482 square feet of buildable area and the creation of up to 32 new residential units, including ADU conversions.
Strategic Location & Favorable Zoning: Situated within the Midtown Specific Plan (SP-1) zoning, permitting high-density mixed-use development, and benefiting from proximity to over $6 billion in ongoing Downtown Long Beach revitalization projects.
Established Income Stream: Features 7 existing apartment units and 2 retail spaces with long-term tenants, providing immediate and stable cash flow for a new owner.
Generous Land Area & Dedicated Parking: Comprises a significant 15,431 SF total land size across two parcels, including a separately parceled parking lot, a valuable asset for both current operations and future expansion.
Efficient Operating Expenses: The owner benefits from a favorable expense structure, being responsible only for water and property taxes, as gas and electric utilities are separately metered for tenants.

Cons

MLS Listing Discrepancy: Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =15431, other record lot size in square feet = 8785. Living area discrepancy between mls listing and other public or private record. mls listing living area = 7100, other record living area = 6058.
Age of Existing Structures: Built in 1936, the current buildings likely require substantial capital investment for modernization, repairs, and potential system upgrades to meet contemporary standards.
High Capital and Management Requirement: As a 'value-add' opportunity, realizing the property's full development and income potential necessitates significant financial investment, active project management, and expertise in construction and tenant relations.
Complexity of Multi-Phase Development: The project involves managing existing mixed-use operations while simultaneously planning and executing new construction and conversions, which can be complex and time-consuming.

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