1020 E 10th St 0.17 Acres of Residential Land

Seize a rare opportunity to deliver up to 51 multifamily units in Downtown Long Beach with this strategically curated three-property portfolio at 1012 E 10th Street, 1020 E 10th Street, and 640 Martin Luther King Jr Avenue. This combined offering is situated in Long Beach’s urban core, approximately one mile from the waterfront, where the city’s plan prioritizes dense, mixed-use growth with true mobility. Metro A (Blue) Line access and high-frequency bus corridors enable walkability and reduced parking dependency. This is a chance to leverage the 2026 Olympic tailwinds. Long Beach is gearing up to host 11 Olympic events across seven venues, from the waterfront and Belmont Shore to the Long Beach Convention & Entertainment Center. This event will bring global visibility, temporary venue investment, and lasting demand for housing near jobs, transit, and the coast. This prime three-parcel portfolio positions a buyer to benefit from both pre-Games momentum and the post-Games halo as the city upgrades its infrastructure and hospitality capacity. The one-of-a-kind portfolio offers ultimate development advantage with significant returns on investment (ROI). This policy-driven land play is strategically located at the intersection of the PD-30 (Downtown Plan) and the Southern California Association of Governments Regional Housing Needs Assessment and the Sustainable Communities Strategy (SCAG RHNA/SCS) infill priorities. Additionally, it may benefit from Opportunity Zone and HUBZone incentives, as well as California's pro-housing tools, including AB-2097, providing transit-based parking relief. City Planning analysis indicates that the site has the potential to accommodate up to 51 units across the three parcels. Don't miss the chance to capitalize on the combination of downtown-adjacent infill, game-driven attention, and the availability of by-right pathways, providing a clear roadmap to achieving the highest and best use of the property.