318 Esther
Long Beach CA 90813
$1,500,000
Status: Active
Description
Excellent opportunity to develop 6070 subsidized affordable or moderate-income units on a lot inLongBeachs Midtown Specific Plan area. Just 350 ft from a Metro Rail station, near a built and running subsidized apartment building, this high-visibility site supports up to 10 stories, with no parking requirement under SP-1TN zoning. These are two adjoning parcels APN: 7269-021-019 (318 E Esther St) and APN: 7269-021-020 (1730 Long Beach Blvd) Highlights: Strong city support with access to grants, tax credits & rental subsidies Estimated post-entitlement value: $2.9M$3.1M Appraised as-is value: $2.03M (Feb 2025) Surrounding land comps as high as $9.9M Short path to entitlements This is a rare chance to capitalize onLongBeachs growing demand for affordable housing. Contact us for the full appraisal, comps, and city incentive info.
Map Location
Listing provided courtesy of Aaron Berger of Rubix Realty. Last updated 2025-06-27 09:18:22.000000. Listing information © 2024 SDMLS.
License: DRE# 01473065
7710 Balboa Ave STE #216A San Diego, CA 92111
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