A six-story building with 163 income-restricted apartments has risen at 1400 Long Beach Boulevard, where auto-repair shops once lined the corner of 14th Street in Midtown Long Beach. Meta Housing Corp. has completed the project, named Luma Point, and tenant move-ins are already underway.
As reported by Urbanize LA, the Los Angeles-based developer has now built dozens of affordable housing developments across Southern California, and Luma Point adds to a local portfolio that already includes a 194-unit complex at 2400 Long Beach Boulevard. The new building sits along the east side of Long Beach Boulevard at its intersection with 14th Street, and the site itself tells a story of how this stretch of Midtown has changed. Construction broke ground on July 19, 2024, after crews consolidated four separate auto-repair parcels along 14th Street and Long Beach Boulevard into a single footprint, according to the City of Long Beach.
From Condos to Covenant-Restricted Rentals
Before Meta Housing ever got involved, the property had a very different future planned for it. Between 2018 and 2019, the site was entitled for a smaller, four-story mixed-use project with 65 market-rate condominiums designed by Summa Architecture, per Burnham Planning & Development.
Urbanize LA's reporting lists the building's amenities as a community room, an outdoor courtyard, and a children's play area, with the project designed by The Architects Collective. The apartment mix includes one-, two-, and three-bedroom units, according to the California Housing Finance Agency.
A $87.6 Million Project
The agency's documents put the total cost at $87.6 million, while Urbanize LA separately reported the cost as more than $87 million.
Those dollars come with strings attached. The development is bound by a 55-year affordability covenant requiring units to serve low- and extremely low-income households earning between 30% and 70% of the Los Angeles County Area Median Income, the state housing finance agency's filing shows — matching Urbanize LA's description of the income band. Of the 163 total units, 18 are set aside for applicants under the City of Long Beach's local preference program, according to Luma Point's own leasing materials.
Rents and Transit Access
Listed monthly rents at Luma Point range from roughly $1,799 to $2,529 for income-qualified households, per WestsideRentals, with move-ins that began in August. The project also includes garage parking.
Construction was handled by general contractor KPRS Construction Services, Inc. Foundation for Affordable Housing is a project partner, and WSH Management is the property manager. The project adds to Meta Housing's affordable housing work in Long Beach.
