Welcome to 201-231-245 PCH, a premier real estate development project consists of 3 parcels combined strategically located in the thriving city of Long Beach. This meticulously planned mixed-use development offers investors and developers a rare opportunity to acquire a fully entitled project, eliminating entitlement risk and reducing carrying costs. Situated in an Opportunity Zone designation, 201-231-245 PCH provides significant tax advantages for long-term real estate investors, including the deferral and potential elimination of capital gains tax.rrnrrnKey Features:rrnrrnExisting supermarket on the first parcel and raw land for the 2 other parcels. Entitlements and Approved Plans: With entitlements secured and existing architectural plans in place, 201-231-245 PCH streamlines the development process, saving time and resources. Developers can seamlessly move forward with construction, maximizing efficiency and profitability.rrnStrategic Location: Nestled at the corner of Pacific Coast Hwy and Pacific Ave, 201-231-245 PCH enjoys prime visibility and accessibility in the heart of Long Beach. Spanning 1.59 acres across four parcels of land, the project offers ample space for residential and commercial development.rrnrrnMixed-Use Concept: rrnrrnBoasting 182,000 sqft of residential and commercial spaces, 201-231-245 PCH features two/five-story multi-level mixed-use buildings. The residential component comprises 138 meticulously designed units, including a mix of studio, two-bedroom, and three-bedroom apartments, catering to diverse lifestyles and preferences.rrnPremium Amenities: Residents will enjoy an array of amenities, including a market & storage area, business center, fitness facilities, lobby, leasing office, and utility storage area. The project prioritizes convenience and quality of life, creating an exceptional living environment for tenants.rrnParking Convenience: With four parking levels, including two levels of subterranean parking, 201-231-245 PCH offers ample parking spaces for residents and visitors. A total of 258 parking spaces, including provisions for electric vehicles and bicycle parking, enhance accessibility and sustainability. rrnrrnInvest with Confident:rrnrrn201-231-245 PCH presents a compelling investment opportunity for those seeking to capitalize on the booming real estate market in Long Beach. With entitlements secured, strategic location, and tax incentives within reach, this project promises long-term growth and profitability for investors.
Lechavarria@onthegorealestate.com
