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Listed by Aaron Berger, DRE #01944602 • Rubix Realty
$ 1,300,000
Est. payment | /mo
5,911 Sqft Lot
$ 1,300,000
Est. payment | /mo
5,911 Sqft Lot
Key Details
Property Type Vacant Land
Sub Type Other Residential Land
Listing Status Active
Purchase Type For Sale
MLS Listing ID CRSR26115717
Lot Size 5,911 Sqft
Property Sub-Type Other Residential Land
Source California Regional MLS
Property Description
Exceptional multifamily development opportunity in the rapidly transforming Midtown area of Long Beach. This offering consists of two adjacent vacant parcels totaling approximately 12,981 square feet, commonly known as 1730 Long Beach Blvd. (APN 7269-021-020) and 318 E. Esther St. (APN 7269-021-019). The properties are located directly across from the Metro light rail station and are situated within the highly desirable SP1TN (Special Purpose Transit Node) zoning overlay and Midtown Specific Plan. The site presents a rare opportunity for a developer to capitalize on Long Beach's strong push for higher density and affordable housing development. Current zoning and transit oriented development incentives may allow for the development of approximately 60+ multifamily units, with potential upside through evolving state and local housing legislation, including SB 79 transit oriented housing incentives. The property benefits from exceptional accessibility and proximity to major employment and lifestyle drivers, including Downtown Long Beach, the Port of Long Beach, Long Beach Airport, St. Mary Medical Center, CSU Long Beach, shopping, dining, and major transportation corridors. The transit node designation may significantly reduce parking requirements, creating additional develop
Location
State CA
County Los Angeles
Area 4 - Downtown Area, Alamitos Beach
Zoning D0
Exterior
View Local/Neighborhood, City Lights
Building
Water District - Public
Others
Tax ID 7269021020
Special Listing Condition Not Applicable
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