Homes for sale - 3040 Pasadena, Long Beach, CA 90807

Key Details

Property Type Vacant Land

Sub Type Lots/Land

Listing Status Active

Purchase Type For Sale

MLS Listing ID PW24237327

HOA Y/N No

Lot Size 0.597 Acres

Acres 0.5969

Lot Dimensions 200x130

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.
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 Long Beach (90807)

Others

Monthly Total Fees $1