940 E Martin Luther King Jr Avenue
Long Beach, CA, 90813
$775,000
Beds
0 Baths
100 SqFt
0.06 Acres
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MLS #SB25126428 image #0
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:
$775,000
MLS #:
SB25126428
Status:
Active
Beds:
0
Baths:
0
Type:
Single Family
Subtype:
Commercial/Residential
Neighborhood:
4downtownareaalamitosbeach
Listed Date:
May 26, 2025
Finished Sq Ft:
100
Lot Size:
2,500 sqft / 0.06 acres (approx)
Year Built:
1949
4downtownareaalamitosbeachLong Beach Unified

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School District:
Long Beach Unified

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Market Summary

Current real estate data for Single Family in Long Beach as of Oct 22, 2025
323
Single Family Listed
148
Avg DOM
786
Avg $ / SqFt
$1,272,191
Avg List Price

Property Summary

    940 E Martin Luther King Jr Avenue Long Beach CA is a Single Family for sale in Long Beach, CA, 90813. It is listed for $775,000 and features 0 beds, 0 baths, and has approximately 100 square feet of living space, and was originally constructed in 1949. The current price per square foot is $7,750. The average price per square foot for Single Family listings in Long Beach is $786. The average listing price for Single Family in Long Beach is $1,272,191.

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