Ocean BLVD
Ocean BLVD tower
tower
Fully Entitled 203-Unit High-Rise Multifamily Development Opportunity in Prime Downtown Long Beach
615 E Ocean Blvd, Long Beach, CA 90802
615 E Ocean Blvd, Long Beach, CA
Ocean Blvd Tower is positioned along the iconic Ocean Boulevard corridor, just steps from the beach and within walking distance to an array of restaurants, cafes, nightlife, and cultural institutions. With approximately 100 feet of prime frontage and constant foot and vehicle traffic, the site offers extraordinary visibility and panoramic views of the Pacific Ocean, marina, and city skyline, making it one of the most compelling development opportunities on the Southern California coast.
203 units
21 stories
±264,941 SF BUILDING AREA
±18,227 SF Site area
investment highlights
rare oceanfront development opportunity
Extremely rare opportunity to build a Class A, high-rise multifamily tower with exceptional visibility and unparalleled views of the Pacific Ocean, marina, and Downtown Long Beach skyline.
PRIME FRONTAGE ALONG OCEAN BOULEVARD
Approximately 100 feet of frontage along East Ocean Boulevard with high daily foot and vehicle traffic, offering superior exposure in one of the most iconic coastal corridors in Southern California.
FULLY ENTITLED HIGH-RISE DEVELOPMENT
Approved for a 21-story, 203-unit residential tower, including 13 Very Low Income affordable units. No additional discretionary approvals required.
walkable & transit-oriented
Located in one of Southern California’s most walkable neighborhoods and offers immediate access to the Metro A Line (Blue) and quick access to the 710 and 405 Freeways.
minutes to major destinations
Close proximity to the Long Beach Convention Center, Shoreline Village, Aquarium of the Pacific, The Pike, the Promenade, the Queen Mary, and Alamitos Beach.
OCEAN Blvd LOCATION IN DOWNTOWN LONG BEACH
Premier coastal site just steps from the beach, surrounded by a vibrant mix of restaurants, bars, shopping, and cultural attractions.
HEIGHT EXCEPTION & DENSITY BONUS SECURED
Entitlements include an 80% increase in allowable FAR and a height exception up to 257.5 feet—17.5 feet above the standard maximum—subject to LEED certification.
AUTOMATED PARKING & MODERN AMENITIES
Plans include a fully automated parking system with 261 stalls, three loading bays, and 41 bicycle parking spaces, offering high-efficiency urban living.
strong market fundamentals
Downtown Long Beach is experiencing a wave of investment and development, supported by robust rental demand, major employment hubs, and a livework-play lifestyle.
high barriers to entry
One of the few entitled high-rise sites in the area with no tenant relocation or demolition required, offering a streamlined path to development.
$19,995,000 asking price
site area
18,227 SF
building area
264,941 SF
stories
21
units
203
parking
254 auto / 41 bicycle
storage area
784 SF
construction type
1-A
prime 100' of frontage along ocean boulevard
convenient metro access
0.4 mile
to 1st st station
0.5 mile
to long beach transit mall
0.8 mile
to 5th st station
0.9 mile
to pacific station
exclusively listed by
This information supplied herein is from sources we deem reliable. It is provided without any representations, warranty or guarantee, expressed or implied as to its accuracy. Prospective Buyer or Tenant should conduct an independent investigation and verification of all matters deemed to be material, including, but not limited to, statements of income and expenses. CONSULT YOUR ATTORNEY, ACCOUNTANT, OR OTHER PROFESSIONAL ADVISOR.
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ocean blvd tower
Why Kidder Mathews?
Since 1969, Kidder Mathews has been delivering results that meet, and often exceed, client expectations. Today, Kidder Mathews is the largest independent commercial real estate firm on the West Coast, with 900 real estate professionals and employees in 20 offices along the West Coast.
OUR SERVICES
Brokerage
Asset Services
Valuation Advisory
Consulting
Debt & Equity
Construction Management
COMMERCIAL BROKERAGE
460+
BROKERS
$10.9b
ANNUAL TRANSACTION VOLUME
43.7m
ANNUAL LEASING SF
49.7m
BROKERS
VALUATION ADVISORY
2,600+
APPRAISALS ANNUALLY
51/21
TOTAL NO. APPRAISERS/MAI'S
ASSET SERVICES
62M
MANAGEMENT PORTFOLIO SF
$11b
ASSETS UNDER MANAGEMENT
OUR SERVICES
Brokerage
Asset Services
Valuation Advisory
Consulting
Debt & Equity
Construction Management