Multifamily
1415 & 1425 Martin Luther King Jr Ave
1415 & 1425 Martin Luther King Jr Ave, Long Beach, CA 90813
Listing Price: $2,399,000
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 eight percent potential upside, and there may be potential to develop four 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
- Great opportunity to acquire a fourplex and a six-unit property (fourplex + duplex) on two contiguous parcels
- 90% two- and three-bedroom units
- Potential to build four ADU's in the large parking lot of the 1415 MLK parcel (buyer to verify)
- Electrical updated in 2025
- Amenities include ample on-site parking and shared laundry
- Eight percent rental upside
- Offered at a 6.78% current cap rate
Exclusively Listed By
Multifamily
1415 & 1425 Martin Luther King Jr Ave
Listing Price: $2,399,000
Investment Highlights
- Great opportunity to acquire a fourplex and a six-unit property (fourplex + duplex) on two contiguous parcels
- 90% two- and three-bedroom units
- Potential to build four ADU's in the large parking lot of the 1415 MLK parcel (buyer to verify)
- Electrical updated in 2025
- Amenities include ample on-site parking and shared laundry
- Eight percent rental upside
- Offered at a 6.78% current cap rate
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 eight percent potential upside, and there may be potential to develop four ADU’s in the large parking lot of 1415 Martin Luther King Jr. Ave (buyer to verify).
Exclusively Listed By
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