949-363-5178

317 Elm, Long Beach, CA 90802

$1,799,000 Approx. USD 0 beds, 0 baths

New Listing

Save My Notes

MORE INFO

Brochure

Marketed By The Reece Team

View Team Members

Photo of Bob Reece

Marketed By Bob & Diane Reece REALTOR® - Sales Associate 949-648-0008 m
949-363-5178 o
949-565-8838 f
Lic#: 01993610
NRDS ID: 205560449
BobReece@bhhscal.com Mission Viejo Office
23120 Alicia Parkway, Suite 100
Mission Viejo, CA 92692
Phone: 949-768-1000
Fax: 949-587-0915

Mortgage Calculator

GET PRE-APPROVED

Interested in This Property? Request Virtual Showing Your message will be sent to Bob.
By submitting your information, you consent to be contacted by email, SMS message, and/or phone call. You may opt out at any time per our Privacy Policy.

Listing Agent

Cody Charnell | cody@sageregroup.com
Lic#: 01950585
Broker: Courtesy of Sage Real Estate Group, Inc.
Phone: 5628963851

Agent Remarks

317 Elm Avenue presents a rare opportunity to acquire a truly hands-off, income-producing asset in the heart of Downtown Long Beach. Located directly across the alley from a major United States Postal Service facility, the 7,512-square-foot parking lot is leased to the USPS for truck parking. Beginning February 1, 2027, the property will generate $9,895.83 per month—or $118,750 annually—under a new five-year lease. The USPS is responsible for all property maintenance, providing the owner with predictable income and minimal day-to-day management. Competitively priced at a 5.3% cap rate, the property offers investors an attractive combination of reliable income, exceptional credit tenancy and minimal operating responsibility. Notably, with no viable alternative parking for their vehicles in the area, the USPS operates as a captive tenant—a dynamic that strengthens the likelihood of lease renewal and creates a compelling opportunity to negotiate extended terms beyond the initial five-year period if desired. Beyond its strong current cash flow, the property offers compelling long-term development potential. The parcel is located within Downtown Long Beach’s PD-30 zoning district, positioning it for a variety of future development possibilities. The five-year lease runway gives an investor time to evaluate, design and pursue entitlements for a future project while continuing to collect substantial rental income.

Listing Details

Property type: (Lots/Land)

Status: Active

MLS# PW26190004

Price: $1,799,000

HOA Fee is $0.00

Beds: 0

Baths: 0

0.17 acres

Lot size: 0.1725

Subdivision: Downtown (DT)

County: Los Angeles

Zoning: PD30

Lot description: Rectangular Lot

MLS area: 4 - Downtown Area, Alamitos Beach

Last Updated: 8/31/2026

Days On Market (DOM): 6

Find more Long Beach homes and real estate

Find more homes in 90802 zip code

This listing belongs to the 4 - Downtown Area, Alamitos Beach MLS area

Find more homes in the Downtown (DT) subdivision

Lat/Long: 33.770818, -118.188045.
Find nearby listings

Source: CRM. Also Available in PW26189996,

Mortgage Calculator

DISCLAIMER: There is NO WARRANTY, expressed or implied, for the accuracy of this information or its applicability to your financial situation. Please consult your financial and/or tax advisor. GET PRE-APPROVED The loan's interest rate will depend upon the specific characteristics of the loan transaction and credit profile up to the time of closing.

90802 Area Map

Demographics

Schools