940 E Martin Luther King Jr Avenue, Long Beach, CA 90813
Local realty services provided by:Better Homes and Gardens Real Estate Town Center
940 E Martin Luther King Jr Avenue,Long Beach, CA 90813
$775,000
- - Beds
- - Baths
- 100 sq. ft.
- Single family
- Active
Listed by:brent musson
Office:exp realty of greater los angeles, inc.
MLS#:SB25126428
Source:CRMLS
Price summary
- Price:$775,000
- Price per sq. ft.:$7,750
About this home
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.
Contact an agent
Home facts
- Year built:1949
- Listing ID #:SB25126428
- Added:76 day(s) ago
- Updated:September 26, 2025 at 10:31 AM
Rooms and interior
- Living area:100 sq. ft.
Structure and exterior
- Year built:1949
- Building area:100 sq. ft.
- Lot area:0.06 Acres
Utilities
- Water:Public
- Sewer:Public Sewer
Finances and disclosures
- Price:$775,000
- Price per sq. ft.:$7,750
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