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- LoopNet Team
1012 E 10th St
Long Beach, CA 90813
Multifamily Mixed-Use Opportunity Zone · Land For Sale
·
0.17 AC
INVESTMENT HIGHLIGHTS
- Located in an Opportunity Zone (Tract ID: 06037576401)
- Located within the City of Long Beach Downtown Plan (PD-30)
- Long Beach Enhanced Density Bonus (EDB) Qualifying
- Nearby access to major public transit AB-2097 applicable
PROPERTY FACTS
DESCRIPTION
1012 & 1020 10th Street as well as 940 Martin Luther King Ave total 18,017 SF of developable area. 1012 E 10th Street consists of a 7,511 SF lot with a 925 SF Single Family Residence and a 2000 SF Commercial Building. Both 1020 E 10th Street (7,511 SF) and 940 Martin Luther King Jr Avenue (2,994 SF) are Vacant Lots zoned LBR4N with Multi-Family development potential. These lots are located in an Opportunity Zone allowing for major development possibilities and tax benefits for new buyers. In addition to these benefits, development in this area would coincide with the Long Beach Downtown plan as well as the Opportunity Zone Social Impact principles.
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $390,150 | |
| Land Assessment | $1,040,400 | Total Assessment | $1,430,550 |
PROPERTY TAXES
