Downtown Area, Alamitos Beach (4) Land for Sale

Welcome to the vibrant Downtown Area of Long Beach, California, where urban charm meets coastal allure! Nestled in the heart of Los Angeles County, this dynamic region is a thriving hub of culture, commerce, and community. Just a stone's throw from the stunning Alamitos Beach, residents enjoy the perfect blend of city living and seaside relaxation.

Downtown Long Beach boasts an eclectic mix of trendy restaurants, boutique shops, and lively entertainment venues, making it a hotspot for both locals and visitors. Whether you're indulging in a culinary adventure at a waterfront eatery or exploring the rich history of the area through its museums and art galleries, there's never a dull moment here. The bustling Pike Outlets and the iconic Long Beach Convention Center are just a few highlights that showcase the area's vibrant spirit.

For those dreaming of a coastal lifestyle, the nearby Alamitos Beach offers sun-soaked shores and picturesque views of the Pacific Ocean. Imagine waking up to the sound of waves and enjoying leisurely strolls along the sandy shoreline. This beautiful stretch of beach is perfect for swimming, sunbathing, and engaging in water sports, making it an ideal retreat for outdoor enthusiasts and families alike.

Now is the perfect time to invest in land for sale in this sought-after region. With its prime location and growing community, Downtown Long Beach presents a unique opportunity to create your dream home or develop a thriving business. Embrace the coastal lifestyle and vibrant culture of Long Beach—your future awaits!

Newest Downtown Area, Alamitos Beach (4) Land for Sale

$1,799,000

PW26190004 MLS ⋅ Active Status

317 Elm Avenue presents a rare opportunity to acquire a truly hands-off, income-producing asset in the heart of Downtown Long Beach. Located directly across the alley from a major United States Postal Service facility, the 7,512-square-foot parking lot is leased to the USPS for truck parking. Beginning February 1, 2027, the property will generate $9,895.83 per month—or $118,750 annually—under a new five-year lease. The USPS is responsible for all property maintenance, providing the owner with predictable income and minimal day-to-day management. Competitively priced at a 5.19% cap rate, the property offers investors an attractive combination of reliable income, exceptional credit tenancy and minimal operating responsibility. Notably, with no viable alternative parking for their vehicles in the area, the USPS operates as a captive tenant—a dynamic that strengthens the likelihood of lease renewal and creates a compelling opportunity to negotiate extended terms beyond the initial five-year period if desired. Beyond its strong current cash flow, the property offers compelling long-term development potential. The parcel is located within Downtown Long Beach’s PD-30 zoning district, positioning it for a variety of future development possibilities. The five-year lease runway gives an investor time to evaluate, design and pursue entitlements for a future project while continuing to collect substantial rental income.

317 Elm, Long Beach

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Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.