Premier Downtown Long Beach redevelopment and investment opportunity in the heart of the East Village Arts District, surrounded by new residential growthand a thriving mix of dining, retail, and entertainment. Just minutes from the Long Beach Convention Center, Queen Mary, Metro transit, waterfront, and beaches, withconvenient access to the cruise terminal, Belmont Shore, The Pike Outlets, Seal Beach, and Huntington Beach. Long Beach's signature annual events, including the GrandPrix and Pride, further contribute to the area's year-round activity and destination appeal.A rare grandfathered hotel entitlement creates exceptional flexibility and adds a valuable dimension to the site's future potential. Envision a landmark multilevel mixed-use development with ground-floor retail and residential above, a multilevel residential community, or a hotel/hospitality-driven concept capitalizing on this exceptional location and existing entitlement.As Downtown Long Beach continues to attract significant investment and residential growth, sites offering this combination of location, flexibility, and entitlement are increasingly scarce. An exceptional opportunity to create a signature project and help shape the next chapter of one of Southern California's most dynamic urban districts!
For sale
$3,850,000
154 Elm Ave, Long Beach, CA 90802
--beds
0baths
7,500sqft
Multi Family
Built in 1921
-- sqft lot
$3,622,800 Zestimate®
$513/sqft
$-- HOA
What's special
- 7 days
- 45
- 0
Zillow last checked:
Listing updated:
Listed by:
Elena Tarasova DRE # 01718015 310-893-9981,
Douglas Elliman of California, Inc. 424-203-1800
Source: CLAW,MLS#: 26908925
Facts & features
Interior
Bedrooms & bathrooms
- Bathrooms: 0
Heating
- Combination
Cooling
- Air Conditioning
Appliances
- Laundry: None
Interior area
- Total structure area: 7,500
- Total interior livable area: 7,500 sqft
Property
Parking
- Parking features: None
Features
- Levels: Two
- Stories: 2
- Pool features: None
- Spa features: None
Lot
- Size: 3,720 Square Feet
Details
- Additional structures: None
- Parcel number: 7281019008
- Zoning: LBPD30
- Special conditions: Standard
- Other equipment: None
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Condition
- Year built: 1921
Utilities & green energy
- Sewer: In Street
- Water: Public
Community & HOA
Community
- Security: Fire Sprinkler System, Smoke Detector(s), Carbon Monoxide Detector(s)
Location
- Region: Long Beach
Financial & listing details
- Price per square foot: $513/sqft
- Tax assessed value: $2,167,500
- Date on market: 8/29/2026
- Total actual rent: 0
Estimated market value
$3,622,800
$3.44M - $3.80M
$2,119/mo
Price history
| Date | Event | Price |
|---|---|---|
| 8/29/2026 | Listed for sale | $3,850,000+137.7%$513/sqft |
Source: | ||
| 2/24/2025 | Sold | $1,620,000$216/sqft |
Source: | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2026 | -- | $2,142,000 -1.2% |
| 2025 | $33,994 +347.4% | $2,167,500 +1715.1% |
| 2024 | $7,599 +3.6% | $119,418 +2% |
| 2023 | $7,336 +4.7% | $117,077 +2% |
| 2022 | $7,006 +15% | $114,782 +2% |
| 2021 | $6,090 +1.5% | $112,533 +1% |
| 2020 | $5,998 | $111,380 +2% |
| 2019 | $5,998 +6.1% | $109,197 +2% |
| 2018 | $5,654 | $107,056 +2% |
| 2017 | $5,654 +2.4% | $104,958 +2% |
| 2016 | $5,523 +5.7% | $102,901 +1.5% |
| 2015 | $5,227 | $101,356 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
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Neighborhood: East Village
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