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414 Linden Avenue, Long Beach, California 90802, Long Beach, 90802 - 1 bed, 1 bath

414 Linden Avenue, Long Beach, California 90802 home-pic-0
ACTIVE$950,000
414 Linden Avenue, Long Beach, California 90802
1Bed
1Bath
674Sqft
6,364Lot
Year Built
1903
Close
-
List price
$950K
Original List price
$1.2M
Price/Sqft
$1,409
HOA
-
Days on market
-
Sold On
-
MLS number
PW25087505
Home ConditionTear down
Features
Good View: Neighborhood
ViewNeighborhood

About this home

We found 3 Cons,5 Pros. Rank: price - $950.0K(20th), sqft - 674(20th), beds - 1(80th), baths - 1(80th).

Exceptional Development Opportunity in the Long Beach Arts District – PD-30 Zoning Unlock the full potential of this rare offering in the heart of Downtown Long Beach’s thriving Arts District. This unique investment includes two adjoining lots (address 414 & 416 Linden) totaling approximately 6,364 square feet, and is zoned under PD-30, which may allow for the development of up to 30+ units (buyer to verify with the City of Long Beach). Primary Lot: 2,968 SF with an existing Single-Family Residence. Adjoining Vacant Lot: 3,396 SF Located just steps from the best of Southern California coastal living—beaches, vibrant shopping, renowned restaurants, coffee shops, and cultural hotspots. Public transportation is easily accessible, making this location ideal for both residents and commuters. Whether you’re looking to develop a multi-unit residential complex, a mixed-use project, or a stylish urban retreat, this offering is bursting with possibilities. Opportunities like this in the Long Beach Arts District are rare—don’t miss out!

Nearby schools

7/10
Stevenson Elementary School
Public,•K-5•0.2mi
6/10
Chavez Elementary School
Public,•K-5•0.2mi
7/10
International Elementary School
Public,•K-5•0.4mi
7/10
Lincoln Elementary School
Public,•K-5•0.8mi
5/10
Edison Elementary School
Public,•K-5•0.8mi
7/10
Roosevelt Elementary School
Public,•K-5•1.0mi
6/10
Franklin Classical Middle School
Public,•6-8•0.5mi
6/10
Washington Middle School
Public,•6-8•1.0mi
6/10
Polytechnic High School
Public,•9-12•1.0mi
3/10
Cabrillo High School
Public,•9-12•2.3mi
Condition Rating
Tear down
The property was built in 1903, making it over 120 years old. The MLS description explicitly markets it as an 'Exceptional Development Opportunity' with the value based on the land's potential for multi-unit development, rather than the existing 674 sqft single-family residence. There are no interior images, and the exterior appears very old and worn, with no indication of major renovations in the past 50 years. This aligns perfectly with the 'tear-down' criteria where the structure is likely beyond repair and the property's value is solely based on the land and its potential for redevelopment.
Pros & Cons

Pros

Exceptional Development Opportunity: The property boasts PD-30 zoning, potentially allowing for the development of 30+ units, making it highly attractive for multi-unit residential or mixed-use projects.
Prime Arts District Location: Situated in the heart of Downtown Long Beach's thriving Arts District, offering unparalleled proximity to beaches, vibrant shopping, renowned restaurants, and cultural hotspots.
Generous Dual Lot Offering: Comprising two adjoining lots totaling approximately 6,364 square feet, providing a substantial and rare footprint for significant development in a dense urban area.
Versatile Mixed-Use Potential: Designated as 'Mixed Use,' the property offers flexibility for various development types, including residential complexes, commercial spaces, or a combination.
Excellent Accessibility: The location offers easy access to public transportation, enhancing its appeal for future residents and commuters within the Long Beach area.

Cons

Aged Existing Structure: The existing single-family residence, built in 1903, is likely a tear-down, which will incur demolition costs and potentially environmental assessment requirements for developers.
Development Potential Verification Required: The stated potential for 30+ units is subject to 'buyer to verify with the City of Long Beach,' introducing an element of uncertainty and requiring extensive due diligence.
Significant Price Reduction: The list price has been reduced from $1.2M to $950K, which might suggest initial overpricing or a lack of market interest at the higher price point, potentially raising questions for some buyers.

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