Long Beach Development Opportunity

Investment Overview

NAI Capital is proud to present for sale two attached parcels located at 6819 Cherry Avenue (0.35 Acres) and 1901 East 68th Street (0.15 Acres). The site is across from Target, Food 4 Less + Fuel, Taco Bell, Wingstop, Subway, and more. With utilities already connected, is a great opportunity to develop high density apartments in one of Long Beach's most rapidly evolving corridors. There is potential to develop 50+ units here. Comprising of approximately 0.50 Acres total, the L-shaped lot offers direct access from both Cherry Avenue and East 68th Street. Re-zoned in 2024 to RMU4A (Residential Mixed-Use 4, A-Series), 6819 Cherry Ave benefits from the City’s "Zone In" initiative, which was enacted to streamline high-density projects to meet housing demands. Pathways (buyer to verify): 1. By-right Density = 25+ units 2. AB 1287 Density = 50+ units (4 VLI, 4 MI, and 42 Market-rate units) 3. SDBL 100% Affordable Density = 50+ units (40 LI, 9 MI, and 1 Manager's unit)

Investment Highlights

• 50+ Units Potential (Buyer to Verify)
• Urban Infill Development Opportunity in High Traffic Transit Oriented Location
• Expansive 0.50 Acre L-Shaped Development Parcel with Utilities Stubbed Already
• RMU-4A Zone - High Density Development Zone
• Eligible for State Density Bonus Programs - Utilize AB 1287 or SDBL
• Across street from Target, Food 4 Less + Fuel, Taco Bell, Wingstop, Subway, and more
• Strategic Access To 91, 710, 105, 605, and 405 Freeways