1020 E 10th Street
Long Beach, CA, 90813
$900,000
2 Beds
1 Baths
100 SqFt
0.17 Acres
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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&#39'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&#39'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&#39'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&#39'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.

Property Details

Price:
$900,000
MLS #:
SB25126393
Status:
Active
Beds:
2
Baths:
1
Address:
1020 E 10th Street
Type:
Single Family
Subtype:
Commercial/Residential
Neighborhood:
4downtownareaalamitosbeach
City:
Long Beach
Listed Date:
May 26, 2025
State:
CA
Finished Sq Ft:
100
ZIP:
90813
Lot Size:
7,500 sqft / 0.17 acres (approx)
Year Built:
1949
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School District:
Long Beach Unified

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Bathrooms
1 Full Bathroom
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None
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None

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1020 E 10th Street
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