318 E Esther St
long beach, CA 90813$1,500,000
INTERESTED? LET'S CONNECT
Excellent opportunity to develop 60–70 subsidized affordable or moderate-income units on a lot in Long Beach’s 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 on Long Beach’s growing demand for affordable housing.
Contact us for the full appraisal, comps, and city incentive info.
Details
0.298 Private Acres Exterior Space
Land
MLS/Listing ID SR25143359
Amenities & Features
Community - Urban
Listing Courtesy of RUBIX REALTY, AARON BERGER
Source of Data: CALIFORNIA REGIONAL MULTIPLE LISTING SERVICE