1012 10th Street, Long Beach, CA 90813
  • MLS#: SB25122645 ( Commercial/Residential )
  • Street Address: 1012 10th Street
  • Viewed: 2
  • Price: $900,000
  • Price sqft: $446
  • Waterfront: No
  • Year Built: 1949
  • Bldg sqft: 2016
  • Bedrooms: 2
  • Total Baths: 1
  • Full Baths: 1
  • Garage / Parking Spaces: 1
  • Days On Market: 207
  • Additional Information
  • County: LOS ANGELES
  • City: Long Beach
  • Zipcode: 90813
  • District: Long Beach Unified
  • Provided by: eXp Realty of Greater Los Angeles, Inc.
  • Contact: Brent Brent
  • California Regional MLS IDX
  • DMCA Notice
  • 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 beachs pd 30, scags regional housing needs allocation (rhna) and sustainable communities strategy (scs), plus the feds 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.
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Features
Assessments
  1. Unknown
Association Fee
  1. 0.00
Commoninterest
  1. None
Common Walls
  1. No Common Walls
Cooling
  1. Heat Pump
Country
  1. US
Entry Location
  1. street
Fireplace Features
  1. None
Garage Spaces
  1. 1.00
Heating
  1. Heat Pump
Interior Features
  1. Copper Plumbing Full
Laundry Features
  1. Gas & Electric Dryer Hookup
  2. Individual Room
  3. Washer Hookup
Levels
  1. One
Living Area Source
  1. Assessor
Lockboxtype
  1. Supra
Lot Features
  1. Back Yard
  2. Near Public Transit
  3. Yard
Parcel Number
  1. 7274023009
Pool Features
  1. None
Postalcodeplus4
  1. 4724
Property Type
  1. Commercial/Residential
School District
  1. Long Beach Unified
Sewer
  1. Public Sewer
View
  1. Neighborhood
Water Source
  1. Public
Year Built
  1. 1949
Year Built Source
  1. Assessor
Zoning
  1. LBR4N