Home | Los Angeles County | Long Beach | 90802 | 317 Elm
MLS: CRPW26190004 | Status: Active | Price: $1,799,000
Beds/Baths: – / –
Property Type: Land
| Beds | Baths | Sq Ft | Sq Ft Lot | Yr Built |
|---|---|---|---|---|
| – | – | – | 7,512 | – |
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 inv
| Field | Value |
|---|---|
| MLS # | CRPW26190004 |
| MLS Source | California Regional MLS |
| Days on Site | 3 |
| Feature | Details |
|---|---|
| HOA Fee | $0 |
| Zoning | LSR |
| Feature | Details |
|---|---|
| Fencing | ChainLink |
Cody Charnell
Sage Real Estate Group, Inc.
License #: 01950585
Phone: (562) 896-3851
School data provided by GreatSchools.org
| School | Type | Grades | Distance | Rating |
|---|---|---|---|---|
| Stevenson Elementary School | public | K-5 | 0.31 mi | 5 |
| International Elementary School | public | K-5 | 0.35 mi | 5 |
| Renaissance High School For The Arts | public | 9-12 | 0.46 mi | 8 |
| Franklin Classical Middle School | public | 6-8 | 0.66 mi | 4 |
| Chavez Elementary School | public | K-5 | 0.76 mi | 6 |
| Edison Elementary School | public | K-5 | 0.78 mi | 3 |
| Lincoln Elementary School | public | K-5 | 0.95 mi | 7 |
| Roosevelt Elementary School | public | K-5 | 1.07 mi | 5 |
| Polytechnic High School | public | 9-12 | 1.15 mi | 7 |
| Educational Partnership High School | public | 9-12 | 1.34 mi | 3 |
| Burbank Elementary School | public | K-5 | 1.36 mi | 7 |
| Whittier Elementary School | public | K-5 | 1.53 mi | 5 |
| Robinson Academy | public | K-8 | 1.74 mi | 5 |
| Washington Middle School | public | 6-8 | 1.74 mi | 4 |
| Burnett Elementary School | public | K-5 | 1.87 mi | 4 |
| Jessie Nelson Academy | public | 6-8 | 1.88 mi | 3 |
| Willard Elementary School | public | K-5 | 1.93 mi | 3 |
| Alvarado Elementary School | public | K-5 | 1.99 mi | 9 |
| Mann Elementary School | public | K-5 | 1.99 mi | 7 |
| Lee Elementary School | public | K-5 | 2.05 mi | 6 |
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This listing information is up-to-date as of August 31, 2026. For the most current information, please contact Cody Charnell, (562) 896-3851.