Downtown Area, Alamitos Beach (4) Land for Sale

Welcome to the vibrant and dynamic Downtown Area of Long Beach, California, where urban living meets coastal charm! Nestled in the heart of Los Angeles County, this thriving neighborhood is not just a place to live; it’s a lifestyle. With its stunning waterfront views, eclectic dining options, and a rich tapestry of culture and entertainment, Downtown Long Beach offers an unparalleled urban experience.

Just a stone's throw away, you’ll find the picturesque Alamitos Beach. Known for its golden sands and inviting waves, this area is perfect for those who appreciate the beauty of coastal life. Picture yourself enjoying sunny afternoons at the beach, strolling along the scenic shoreline, or indulging in a beachside café. Alamitos Beach is not just a destination; it’s a community where neighbors become friends and memories are made.

For those looking to invest in this remarkable region, we have an exciting opportunity: land for sale in Downtown Long Beach. This prime real estate offers the perfect canvas for your vision, whether you’re considering a residential development, a trendy boutique, or a charming café. With its proximity to the beach and the bustling energy of downtown, this land is a rare find in a rapidly growing market.

Seize the chance to be part of this thriving community where the sun shines brightly, and the possibilities are endless. Your dream project awaits in Long Beach—come explore the potential today!

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

$1,799,000

PW26190004 MLS ⋅ Active Under Contract 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.