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Listed by Brent Musson • eXp Realty of Greater Los Angeles, Inc.
$ 775,000
Est. payment /mo
Active
940 E Martin Luther King Jr AVE Long Beach, CA 90813
100 SqFt
UPDATED:
Key Details
Property Type Single Family Home
Sub Type Other Residential
Listing Status Active
Purchase Type For Sale
Square Footage 100 sqft
Price per Sqft $7,750
MLS Listing ID CRSB25126428
Year Built 1949
Lot Size 2,500 Sqft
Property Sub-Type Other Residential
Source California Regional MLS
Property Description
52 UNITS BY RIGHT!!!! ...Prime 3-Parcel Development Portfolio - - - - Seize an unparalleled opportunity to develop 52 units in Downtown Long Beach with this strategically curated 3-property portfolio at 1012 E. 10th St, 1020 E. 10th St, and 640 Martin Luther King Jr Ave, Long Beach, CA 90813. This combined offering represents a rare convergence of prime urban infill land and robust state/local housing policies, positioning it for unparalleled highest and best use. In Long Beach's vibrant urban core, just a mile from its iconic waterfront, these properties reside in an area recognized for its rapid evolution as a dynamic hub for tourism, business, and essential transit. Downtown Long Beach's comprehensive plan champions a dense, mixed-use environment, prioritizing significant increases in residential and economic activity. This vision is supported by exceptional mobility, including direct access to the Metro Blue Line and high-quality bus corridors, for true walkability and reduced reliance on private automobiles (and parking spaces). THE ULTIMATE DEVELOPMENT ADVANTAGE - Leveraging Policy Intersections for Maximum ROI: This portfolio is not just land; it's a strategic asset unlocked by the intersection of Long Beach's PD-30, SCAG's Regional Housing Needs Allocation (
Location
State CA
County Los Angeles
Area 4 - Downtown Area, Alamitos Beach
Zoning PD-30
Interior
Cooling None
Fireplaces Type None
Laundry None
Exterior
Pool None
View None
Building
Story One Story
Water District - Public
Others
Tax ID 7274023011
Special Listing Condition Not Applicable
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