Long Beach Multifamily Development

Strategically located near the convergence of the 91, 710, and 405 freeways as well as close proximity to Long Beach Airport. This transit-oriented location ensures a seamless commute to major employment hubs, including the Port of Long Beach, Downtown Long Beach, Downtown Los Angeles, and Orange County.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.