318 E Esther Long Beach, CA 90813

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Kurt Wannebo

kurt@wanneboreg.com +1(858) 405-5878

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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

Listed by Aaron Berger Rubix Realty

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Kurt Wannebo

Broker Associate | CA Dre# 01468255

+1(858) 405-5878

318 E Esther Long Beach, CA 90813

Kurt Wannebo

Key Details

Location

Interior

Exterior

Others

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318 E Esther