940 E Martin Luther King Jr AvenueLong Beach, CA 90813
For Sale
$775,000
Smart Buyer Rebate $6,875
52 UNITS BY RIGHT!!!! ...Prime 3-Parcel Development Portfolio – – – – Seize an unparalleled opportunity to develop 52 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, Long Beach, CA 90813. This combined offering represents a rare convergence of prime urban infill land and robust state/local housing policies, positioning it for unparalleled highest and best use. In Long Beach's vibrant urban core, just a mile from its iconic waterfront, these properties reside in an area recognized for its rapid evolution as a dynamic hub for tourism, business, and essential transit. Downtown Long Beach's comprehensive plan champions a dense, mixed-use environment, prioritizing significant increases in residential and economic activity. This vision is supported by exceptional mobility, including direct access to the Metro Blue Line and high-quality bus corridors, for true walkability and reduced reliance on private automobiles (and parking spaces). THE ULTIMATE DEVELOPMENT ADVANTAGE – Leveraging Policy Intersections for Maximum ROI: This portfolio is not just land; it's a strategic asset unlocked by the intersection of Long Beach’s PD-30, SCAG’s Regional Housing Needs Allocation (
Listed by Brent Musson
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License #02026552
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eXp Realty of Greater Los Angeles, Inc.
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213-268-2189
Last updated August 14, 2025
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Source: bridgeMLS #CRSB25126428
Listing Facts
TypeSingle-family
NeighborhoodSaint Mary
Days on Prevu58
Size100 sqft
Price per sqft$7,750
Amenities
Swimming Pool
Location
Mortgage Calculator
Listing History
08/14/2025
Status changed to Active
$775,000
07/15/2025
Status changed to Removed from Feed
$775,000
07/11/2025
Listed by eXp Realty of Greater Los Angeles, Inc.
$775,000
Property Details for 940 E Martin Luther King Jr Avenue
Exterior
Construction
Stories: 1
Year Built: 1949
Exterior Features: Back Yard
Measurements
Building Area Total: 100
Lot Features: Other, Back Yard
Lot Size Acres: 0.05
Lot Size Area: 0
Lot Size Square Feet: 2,500
Lot Size Units: Acres
Financial
Taxes
Parcel Number: 7274023011
Interior
Measurements
Living Area: 100
Living Area Units: Square Feet
Schools
High School
High School District: Long Beach Unified
Based on information from bridgeMLS and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by Prevu or the MLS. Information is provided exclusively for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumer may be interested in purchasing.
Rebate estimate is indicative only and based on listing price and estimated buyer's agent commission paid by owner, if applicable. Final rebates are subject to Terms of Use and may vary due to final negotiated transaction terms.