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318 E Esther St
For Sale $1,500,000
$1,500,000
- Unknown Bedrooms
- Unknown Bathrooms
- Unknown Sq Ft
- 12,981 Sq Ft
Description
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.
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Amenities
Garage
Pool
Garden
Security System
Internet
Telephone
Heating
Fireplace
Balcony & Patio
TV / Cable
Laundry
Hardwood Floors
Spa
Air Conditioning
Solar Power
Floor Plan
Great Views
Natural Light
Quiet
Water View
Elevator
Guest Unit(s)
Furnished
220 Volt
Property Details
| List Price | $1,500,000 |
| Property Type | Lots/Land |
| Usable Sqft | Unknown |
| Number of Stories | 0 stories |
| Parking Spots | 0 spots |
| Year Built | 0 |
| Last Sold | Unknown |
| Sold Price | Unknown |
| HOA Fees: | $0 |
| Association Name: | Unknown |
| Association Amenities: | Unknown |
| APN # | 7269021019 |
| MLS # | SR25143359 |
| Property ID | 291990910 |
| Lot Sqft | 12,981 |
| Zoning | LBPD29 |
| Days on Market | 162 |
| Original List Price | $1,500,000 |
| Date Updated | June 26, 2025 |
| Date Created | June 26, 2025 |
Listing Provided By
Aaron Berger an agent of . Lic #01944602
© 2025 CRMLS. All rights reserved. Some listings on this website are from CRMLS as of June 26, 2025 The information being provided is for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Robert Crawford
REAL ESTATE AGENT