6819 Cherry Avenue
- Covered Land Play Development Opportunity
- Expansive 0.50 Acre L-Shaped Development Parcel
- New Zoning Change - RMU-4A Zone - High Density Development Zone
- Potential for 18 to 20 Units + Ground Floor Commercial (Verify with City)
- Ideal For Multifamily Apartments or Senior Housing Development
- Maximum Incentives Available - Eligible for State Density Bonus Programs
- Located Within a High-Demand Urban Infill Growth Corridor
- Adjacent to Target, Food 4 Less + Fuel, Taco Bell, Wingstop, Subway, and more
- Over 20,000+ Vehicles Per Day on Cherry Avenue
- Strategic Access To 91, 710, 105, 605, and 405 Freeways
- Strong Local Demographics Supporting Rental and Senior Housing Demand
- Proximity To Major Hubs Including the Port of Long Beach, Long Beach Airport, Downtown Los Angeles, Orange County
Property Description
NAI Capital, as exclusive advisors to ownership, is proud to present for development two adjacent parcels located at 6819 Cherry Avenue (0.35 Acres) and 1901 East 68th Street (0.15 Acres). This is an opportunity to develop high density multi-family residential along one of the most rapidly evolving corridors of Long Beach. 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 residential and mixed-use projects to meet housing demands. This site offers a range of development possibilities including multifamily, mixed-use, and senior housing. Utilizing California’s State Density Bonus, the ±22,125 SF lot will allow a developer to achieve approx. 18 to 20 residential units + ground floor commercial (buyer to verify with the city). Located adjacent to Target, Food 4 Less + Fuel, Taco Bell, Wingstop, Subway, and more. Over 20,000+ vehicles travel down Cherry Avenue daily. Close proximity to 91, 710, 105, 605, and 405 Freeways, as well as Long Beach Airport, Downtown Los Angeles, and Orange County.
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | Land/Development |
| Price: | $2,350,000 |
| Year Built: | 1980 |
| Lot Size: | 0.50 Acres |
| Opportunity Zone: | No |
| Property Website | Click Here |
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