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Key Details
Property Type Vacant Land
Sub Type Lots/Land
Listing Status Active
Purchase Type For Sale
MLS Listing ID SR25143359
Property Sub-Type Lots/Land
Property Description
Excellent opportunity to develop 6070 subsidized affordable or moderate-income units on a lot inLongBeachs Midtown Specific Plan area. Just 350 ft from a Metro Rail station, near a built and running subsidized apartment building, this high-visibility site supports up to 10 stories, with no parking requirement under SP-1TN zoning. These are two adjoning parcels APN: 7269-021-019 (318 E Esther St) and APN: 7269-021-020 (1730 Long Beach Blvd) Highlights: Strong city support with access to grants, tax credits & rental subsidies Estimated post-entitlement value: $2.9M$3.1M Appraised as-is value: $2.03M (Feb 2025) Surrounding land comps as high as $9.9M Short path to entitlements This is a rare chance to capitalize onLongBeachs growing demand for affordable housing. Contact us for the full appraisal, comps, and city incentive info.
Location
State CA
County Los Angeles
Direction SE Corner of Long Beach Blvd and Pacific Coast Highway
Interior
Fireplace No
Exterior
View Y/N No
Others
Tax ID 7269021019
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Listed by Aaron Berger Rubix Realty