338 Chestnut Ave Long Beach, CA 90802

Agent Remarks: 338 Chestnut Avenue, a unique opportunity to acquire over 5,600 square feet of land located within the Downtown Plan PD-30 in Long Beach, California. The site is suitable for the development of high-density residential units. This zoning may allow for up to 3 unit development with a height limit of 80' by right. 338 Chestnut Avenue is located within the City of Long Beach Downtown Plan – PD 30. It is not located in the Coastal Zone. The residential square footage of the new development project is not subject to affordable housing linkage fees. The site is currently improved with surface parking for 17 cars and generates $15,300 annually in rent. This prime Downtown Long Beach location is steps from the George Deukmejian Courthouse, the new Long Beach Civic Center, walking distance to shopping, restaurants and the beach. Long Beach’s central location provides easy access to Downtown Los Angeles, West Los Angeles and Orange County. Situated between the I-710, I-605, I-405, I-5 and I-105 freeways and with the Ports of Long Beach and Los Angeles anchoring the southwest border of the city, this highly accessible area serves as a critical gateway to Southern California and is a hub of international trade and commerce.

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