400 E. Anaheim Street

Description:

Fully Entitled Development Opportunity 161 Residential Units – 123 Market-Rate + 38 Affordable Units (Moderate Income) Approved 7-Story Mixed-Use Project Entitlements Already Secured – Reduces Development Timeline, Approval Risk & Predevelopment Costs Nearly Vacant Site – Existing Restaurant Lease Can Be Terminated with 60 Days’ Written Notice Opportunity to Move Forward with a Large-Scale Residential Development Without a Lengthy Entitlement Process

Coldwell Banker Commercial BLAIR is pleased to present 400 E. Anaheim Street, Long Beach, California, on the market for sale. This is an exceptional fully entitled multifamily development opportunity strategically located along the Anaheim Street corridor in the heart of Long Beach.


The property consists of approximately 45,128 square feet of land and is fully entitled for the development of a seven-story, mixed-use residential project consisting of 161 residential units, including 123 market-rate units and 38 affordable units(moderate income). The approved development also includes approximately 6,556 square feet of ground-floor commercial space, creating an opportunity for neighborhood-serving retail, restaurant, service, or other commercial uses that will complement the residential component of the project.


Upon completion, the proposed development will contain approximately 215,628 square feet of total building area and provide 91 parking spaces, plus 106 bike stalls for residents and commercial occupants. With entitlements already secured, the property offers a developer the opportunity to significantly reduce the time, uncertainty, and costs typically associated with navigating the entitlement and approval process for a project of this scale.


The property is currently vacant, with the exception of the restaurant space occupied by The Cultured Soul. The restaurant’s existing lease runs through April 2028; however, the lease may be terminated at any time upon sixty (60) days’ prior written notice to the tenant.


Located along one of Long Beach’s major east-west corridors, 400 E. Anaheim Street benefits from its central location, access to public transportation, proximity to Downtown Long Beach, and convenient connections to employment centers, retail, dining, healthcare, and other community amenities. The surrounding area continues to experience residential investment and redevelopment, supporting the long-term demand for additional housing in the Long Beach market.


The combination of 161 entitled residential units, ground-floor commercial space, affordable housing component, and a fully approved development plan presents a compelling opportunity for a multifamily developer seeking a significant development site in a supply-constrained Southern California market.


400 E. Anaheim Street represents a rare opportunity to acquire a large, fully entitled mixed-use development site and move forward with a substantial residential project without the lengthy entitlement process typically required for ground-up development in Long Beach.


ZONING
CCN: The Community R-4-N (CCN) District is similar to the Community Auto-Oriented District, but also permits medium density residential development at R-4-N densities.CCN District is one of four types of Community Commercial Districts. The Community Commercial Zoning Districts provide medium scale uses that serve an entire community, including those who arrive by automobile, and which may require buffering to ensure compatibility with adjacent residential neighborhoods.


These districts are located on major or minor arterials, located on larger lot sizes and adjoining larger scale residential neighborhood uses or are buffered from smaller scale residential neighborhoods. For more information please visit the City of Long Beach Municipal Code.

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