Homes for sale - 1020 E 10th ST, Long Beach, CA 90813

Key Details

Property Type Single Family Home

Sub Type Mixed Use

Listing Status Active

Purchase Type For Sale

Square Footage 100 sqft

Price per Sqft $9,000

MLS Listing ID SB25126393

Bedrooms 2

Full Baths 1

Year Built 1949

Lot Size 7,501 Sqft

Property Sub-Type Mixed Use

Property Description

52 UNITS BY RIGHT!!!! ...Prime 3-Parcel Development Portfolio – – – –

Seize an unparalleled opportunity to develop 52 units in Downtown Long Beach with this strategically curated 3-property portfolio at 1012 E. 10th St, 1020 E. 10th St, and 640 Martin Luther King Jr Ave, Long Beach, CA 90813. This combined offering represents a rare convergence of prime urban infill land and robust state/local housing policies, positioning it for unparalleled highest and best use.

In Long Beach's vibrant urban core, just a mile from its iconic waterfront, these properties reside in an area recognized for its rapid evolution as a dynamic hub for tourism, business, and essential transit. Downtown Long Beach's comprehensive plan champions a dense, mixed-use environment, prioritizing significant increases in residential and economic activity. This vision is supported by exceptional mobility, including direct access to the Metro Blue Line and high-quality bus corridors, for true walkability and reduced reliance on private automobiles (and parking spaces).

THE ULTIMATE DEVELOPMENT ADVANTAGE – Leveraging Policy Intersections for Maximum ROI:
This portfolio is not just land; it's a strategic asset unlocked by the intersection of Long Beach's PD-30, SCAG's Regional Housing Needs Allocation (RHNA) and Sustainable Communities Strategy (SCS), plus the FED's Opportunity Zones and HUBzones, combined with key by-right entitlements buried in California's pro-housing legislation. Our in-depth analysis demonstrates the ability to significantly increase density, potentially achieving up to 42 units across this portfolio.

The listing agent is a seasoned developer and consultant specializing in exploiting these exact policy intersections. His experience in Long Beach, and deep understanding of these legislative tools, will provide you with a clear roadmap for a truly "highest and best use" approach for this portfolio.

Property Breakdown:
1012 E. 10th St (full-sized developed lot), 1020 E. 10th St (full-sized vacant lot), and 640 Martin Luther King Jr Ave (half-sized vacant lot) – presenting a blank canvas and strategically positioned structures for redevelopment.

This is a rare chance to capitalize on a future-proof investment. A comprehensive information package, detailing specific zoning regulations, potential density calculations, and applicable ministerial approval processes, is available to qualified buyers.

Location

State CA

County Los Angeles

Area 4 - Downtown Area, Alamitos Beach

Zoning PD-30

Interior

Cooling None

Fireplaces Type None

Laundry None

Exterior

Garage Spaces 1.0

Garage Description 1.0

Pool None

Community Features Biking,Fishing,Park,Urban,Water Sports

View Y/N No

View None

Building

Lot Description Back Yard,Near Public Transit,Yard

Dwelling Type Mixed Use

Story 1

Sewer Public Sewer

Water Public

New Construction No

Schools

School District Long Beach Unified

Others

Acceptable Financing Cash,Conventional

Listing Terms Cash,Conventional

Special Listing Condition Standard