400 Oceangate, Long Beach, CA, 90802-4307, US

400 Oceangate

Attributes

Number of units

275

Year built

1974

Land area gross

1.56 acres

Asset Description

THE OFFERING

Jones Lang LaSalle Americas, Inc. (“JLL”), as the exclusive advisor, is pleased to present the opportunity to form a joint venture or acquire 400 Oceangate (“Property” or “Site”), a 1.56-acre redevelopment opportunity in Downtown Long Beach. The Property is an existing office building and parking structure positioned to be a perfect multi-housing redevelopment with scenic ocean views.

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Investment Highlights

Entitled Opportunity:

400 Oceangate presents a prime opportunity for residential development, offering abundant walkable amenities and scenic views. The Property has received entitlements for the adaptive reuse of the existing building and parking structure for a total of 275 units. The Property is currently vacant and has ready-to-issue permits for the soft demolition.

Strategic Location:

400 Oceangate stands at the gateway to Downtown Long Beach, serving as the first and last tower visible when entering or exiting the area. This Property offers unobstructed ocean views and is within walking distance of the waterfront, lively entertainment scene, and the iconic Pine Avenue district.

City Transformed:

Long Beach has undergone a remarkable change into a live-work-play destination, offering a variety of experiences. Surrounding areas like Naples, known for its canals and Italian-inspired aesthetic, and Belmont Shore, a favorite for its shopping amenities, further enhance the city’s appeal.