Property Detail

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.