3040 Pasadena Avenue, Long Beach, CA 90807 - Berkshire Hathaway HomeServices California Properties

3040 Pasadena Avenue, Long Beach, CA 90807

$995,000 Approx. USD 0 beds, 0 baths

Listing Agent


Ian Hand | Ian@IanHand.com
Lic#: 01453679
Broker: Courtesy of Coldwell Banker Realty

Agent Remarks

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.

Listing Details

Trust & Probate
Property type: (Lots/Land)
Status: Pending
MLS# PW24237327
Price: $995,000
HOA Fee is $0.00
Beds: 0
Baths: 0
0.60 acres
Lot size: 0.5969
Subdivision: Memorial Heights (MH)
County: Los Angeles
Zoning: LBR1N
Lot description: Gentle Sloping,Rectangular Lot,Trees
MLS area: 9 - Poly High

Last Updated: 3/10/2025

 Days On Market (DOM): 84

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This listing belongs to the 9 - Poly High MLS area

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Lat/Long: 33.812478, -118.186878.
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DISCLAIMER: There is NO WARRANTY, expressed or implied, for the accuracy of this information or its applicability to your financial situation. Please consult your financial and/or tax advisor. GET PRE-APPROVED The loan's interest rate will depend upon the specific characteristics of the loan transaction and credit profile up to the time of closing.

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