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Excellent opportunity to develop 60-70 subsidized affordable or moderate-income units on a lot in Long Beach's 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 on Long Beach's growing demand for affordable housing. Contact us for the full appraisal, comps, and city incentive info.
Property Type(s):
Lot/Land/Acreage
| Last Updated | 6/26/2025 | Year Built | 0 |
|---|---|---|---|
| Community | 699 - Not Defined | County | Los Angeles |
Additional Details
| AREA | 699 - Not Defined |
|---|---|
| LOT | 0.298 acre(s) |
| UTILITIES | Water Not Available |
| VIEW DESCRIPTION | None |
| WATER | None |
Location
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Listed with Rubix Realty
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