CA > Long Beach
Long Beach, CA 90813,318 E Esther ST
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Long Beach, CA 90813,318 E Esther ST
Long Beach, CA 90813,318 E Esther ST
Long Beach, CA 90813,318 E Esther ST
Long Beach, CA 90813,318 E Esther ST
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Mia Ellison

Mia Ellison

+1(310) 600-6948
$ 1,500,000
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318 E Esther ST Long Beach, CA 90813

0.3 Acres Lot

UPDATED:

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

CRMLS – RECore
Listed by Aaron Berger Rubix Realty [email protected]
agent

Mia Ellison

Broker Associate | SB01271824

+1(310) 600-6948

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