940 E Martin Luther King Jr Avenue, Long Beach, CA 90813
Local realty services provided by:Better Homes and Gardens Real Estate Royal & Associates
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#:CRSB25126428
Source:CA_BRIDGEMLS
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 (
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Home facts
- Year built:1949
- Listing Id #:CRSB25126428
- Added:34 day(s) ago
- Updated:August 15, 2025 at 02:44 PM
Rooms and interior
- Living area:100 sq. ft.
Structure and exterior
- Year built:1949
- Building area:100 sq. ft.
- Lot area:0.06 Acres
Finances and disclosures
- Price:$775,000
- Price per sq. ft.:$7,750
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