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Long Beach Portfolio 3 Land Properties Offered at $2,520,000 in Long Beach, CA
Investment Highlights
- TRIPLE-INCENTIVE OVERLAY: Located within an Opportunity Zone, QCT, and DDA, offering a rare combination of development incentives
- FLEXIBLE DEVELOPMENT POTENTIAL: An unentitled site offering flexibility for affordable, mixed-income, or market-rate development strategies
- MULTI-PARCEL DEVELOPMENT SITE: 18,017 SF across three contiguous parcels with by-right multifamily zoning and no rezone required
- SIGNIFICANT DENSITY POTENTIAL: Multiple state and local housing incentives may support substantially more units than base zoning allows
- CITY PARTNERSHIP POTENTIAL: Long Beach funding programs may support qualified developers pursuing affordable housing projects
- ENHANCED LIHTC ECONOMICS: QCT and DDA designations may enhance tax-credit benefits and financing leverage for affordable or mixed-income development
Executive Summary
Centennial Advisers is pleased to present 940 MLK Jr Ave. & 1012–1020 E 10th St. in Long Beach, a compelling investment opportunity located within one of the
region's most desirable infill markets. This 3,981 SF residential asset offers an attractive combination of location, land value, and long-term upside at an offering
price of $2.52M ($633/SF).
Situated on an expansive 18,017 SF lot, the Property provides investors with a unique opportunity to acquire a well-positioned asset with significant underlying
real estate value. The 2-bedroom / 1-bathroom residence features a functional layout and benefits from its proximity to major transportation routes, neighborhood amenities, and Long Beach's growing employment and retail corridors.
region's most desirable infill markets. This 3,981 SF residential asset offers an attractive combination of location, land value, and long-term upside at an offering
price of $2.52M ($633/SF).
Situated on an expansive 18,017 SF lot, the Property provides investors with a unique opportunity to acquire a well-positioned asset with significant underlying
real estate value. The 2-bedroom / 1-bathroom residence features a functional layout and benefits from its proximity to major transportation routes, neighborhood amenities, and Long Beach's growing employment and retail corridors.
Property Facts
| Price | $2,520,000 | Number of Properties | 3 |
| Sale Type | Investment | Individually For Sale | 0 |
| Status | Active | Total Land Area | 0.41 AC |
| Price | $2,520,000 |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 3 |
| Individually For Sale | 0 |
| Total Land Area | 0.41 AC |
Properties
| Property Name / Address | Property Type | Size | Individual Price |
|---|---|---|---|
| 1020 E 10th St, Long Beach, CA 90813 | Land | 0.17 AC | - |
|
Multifamily Mixed-Use Opportunity Zone
1012 E 10th St, Long Beach, CA 90813 |
Land | 0.17 AC | - |
| 940 Martin Luther King Jr Ave, Long Beach, CA 90813 | Land | 0.07 AC | - |
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