18-storey, high-end beachfront apartment high-rise in Long Beach, CA. MDC acquired the property on behalf of private clients through a 1031 exchange purchase. MDC provides investment management services for this property.
The Current is an 18-story, 223 unit beachfront apartment high-rise with panoramic ocean views located in Long Beach, California. It is one of only two coastal high-rise apartment buildings built in L.A. County since the 1960’s, and offers one of the most walkable locations in all of Southern California.
The property is located in the East Village Arts District – a hip, urban and continually evolving neighborhood with all of the elements for accelerated growth, including excellent walkability to the beach, the Metro Blue Line, a Vons grocery store, major public and private developments, and a massive job base undersupplied by quality apartments.
The Current is one of the only modern apartment buildings offering walkable access to this unique, authentic urban neighborhood.