UNLOCK LONG BEACH’S FUTURE: Prime 3-Parcel Development Portfolio — Up to 51 Units Potential
Seize a rare opportunity to deliver up to 51 units in Downtown Long Beach with this strategically curated 3-property portfolio at 1012 E. 10th St, 1020 E. 10th St, and 640 Martin Luther King Jr Ave. This combined offering sits in Long Beach’s urban core—about a 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.
2028 Olympics tailwinds. Long Beach is confirmed to host 11 Olympic events across seven venues—from the waterfront and Belmont Shore to the Convention Center and Arena—bringing global visibility, temporary venue investment, and durable “post-Games” demand for housing near jobs, transit, and the coast. This portfolio positions a buyer to ride pre-Games momentum and the post-Games halo as the city upgrades infrastructure and hospitality capacity.
The ultimate development advantage — policy stack ROI. Beyond location, this is a policy-enabled land play at the intersection of PD-30 (Downtown Plan), SCAG RHNA/SCS infill priorities, potential Opportunity Zone/HUBZone benefits, and California’s pro-housing tools (including AB-2097 transit-based parking relief). City Planning analysis indicates potential for up to 51 units across the three parcels (buyer to verify).
Property breakdown:
• 1012 E. 10th St — full-size developed lot (approx. 50'×150') with existing improvements.
• 1020 E. 10th St — full-size vacant lot (approx. 50'×150').
• 640 Martin Luther King Jr Ave — half-size vacant lot (approx. 50'×50').
Why now: Downtown-adjacent infill, Games-driven attention, and by-right pathways create a clear road map to highest-and-best use.
Info package: Detailed zoning citations, density/yield calcs, and ministerial approval pathways are available to qualified buyers.
Contact: Dr. Brent Musson — Listing Broker. 626-344-8445 Brent.Musson@eXpRealty.com