Multifamily
1415 & 1425 Martin Luther King Jr Ave
1415 & 1425 Martin Luther King Jr Ave, Long Beach, CA 90813
Listing Price: $2,400,000
Investment Overview
Marcus & Millichap is pleased to present to market the exciting opportunity to acquire two contiguous multifamily investment properties in Long Beach, California. This offering comprises 1415 Martin Luther King Jr. Avenue, a 1961 construction fourplex with all two-bed/one-bath units, and the adjacent 1425 Martin Luther King Jr. Avenue, a six-unit property consisting of a front duplex with a three-bed/two-bath unit and a one-bed/one-bath unit, as well as a rear fourplex with all two-bed/one-bath units. The property also offers on-site laundry and ample surface parking.
The property is located in Long Beach’s Poly High neighborhood within easy walking distance of grocery stores and other amenities.
Current rents offer a new investor 15 percent potential upside, and there may be potential to develop ADU’s in the large parking lot of 1415 Martin Luther King Jr. Ave (buyer to verify).
1415 & 1425 Martin Luther King Jr Ave
Investment Highlights
- 10 Units on Two Contiguous Parcels
- Offering Comprises a 4plex with all 2BD/1BA units and a 6-unit property with a duplex containing a 3BD/2BA unit and a 1BD/1BA unit and a rear fourplex with all 2BD/1BA units
- Amenities Include Ample Surface Parking and On-Site Laundry
- 15 Percent Potential Upside in Rents
- A New Investor May Want to Explore the Potential to Build ADU's in the Large Parking Lot of 1415 MLK Jr. Ave. (Buyer to Verify)
- Located in the Poly High Neighborhood Walkable to Grocery Stores
Exclusively Listed By
Multifamily
1415 & 1425 Martin Luther King Jr Ave
Listing Price: $2,400,000
Investment Highlights
- 10 Units on Two Contiguous Parcels
- Offering Comprises a 4plex with all 2BD/1BA units and a 6-unit property with a duplex containing a 3BD/2BA unit and a 1BD/1BA unit and a rear fourplex with all 2BD/1BA units
- Amenities Include Ample Surface Parking and On-Site Laundry
- 15 Percent Potential Upside in Rents
- A New Investor May Want to Explore the Potential to Build ADU's in the Large Parking Lot of 1415 MLK Jr. Ave. (Buyer to Verify)
- Located in the Poly High Neighborhood Walkable to Grocery Stores
Investment Overview
Marcus & Millichap is pleased to present to market the exciting opportunity to acquire two contiguous multifamily investment properties in Long Beach, California. This offering comprises 1415 Martin Luther King Jr. Avenue, a 1961 construction fourplex with all two-bed/one-bath units, and the adjacent 1425 Martin Luther King Jr. Avenue, a six-unit property consisting of a front duplex with a three-bed/two-bath unit and a one-bed/one-bath unit, as well as a rear fourplex with all two-bed/one-bath units. The property also offers on-site laundry and ample surface parking. The property is located in Long Beach’s Poly High neighborhood within easy walking distance of grocery stores and other amenities. Current rents offer a new investor 15 percent potential upside, and there may be potential to develop ADU’s in the large parking lot of 1415 Martin Luther King Jr. Ave (buyer to verify).
Exclusively Listed By
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