318 E Esther ST new Save Request In-Person Tour Request Virtual Tour
Long Beach,CA 90813
Key Details
Property Type Vacant Land
Listing Status Active
Purchase Type For Sale
MLS Listing ID SR25143359
HOA Y/N No
Lot Size 0.298 Acres
Property Description
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.
Location
State CA
County Los Angeles
Area 699 - Not Defined
Zoning LBPD29
Interior
Fireplace No
Exterior
Community Features Urban
Utilities Available Water Not Available
View Y/N No
View None
Building
Lot Description 0-1 Unit/Acre
Water None
New Construction No
Others
Senior Community No
Tax ID 7269021019
Acceptable Financing Cash,Cash to Existing Loan,Cash to New Loan
Listing Terms Cash,Cash to Existing Loan,Cash to New Loan
Special Listing Condition Standard