Long Beach, CA 90807,3040 Pasadena AVE
Long Beach, CA 90807,3040 Pasadena AVE
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$ 995,000
Est. payment | /mo

0.6 Acres Lot


$ 995,000
Est. payment | /mo

0.6 Acres Lot

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.

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

California Regional MLS (CRMLS)
Listed by Ian Hand • Coldwell Banker Realty • 562-682-6780
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9336 Chippewa Trail, Kelseyville, California, 95451, USA

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3040 Pasadena AVE