Investment Overview

Marcus & Millichap is pleased to present L Street Apartments, a four-unit multifamily property located at 17 S L Street in Lake Worth Beach, Florida. Built in 1920, the property totals 1,977 gross square feet and is situated on a 0.08-acre lot. The asset consists of two buildings featuring wood frame construction, pitched composite shingle roofs, and mini-split air conditioning systems throughout. The unit mix consists of 3 studio units and 1 one-bedroom/one-bathroom unit, offering an efficient layout well suited for the strong demand for smaller apartments in Downtown Lake Worth Beach. Recent improvements include all new flooring, fresh exterior paint and woodwork, and new laundry machines that are provided free of charge to residents, enhancing the property's appeal while helping support tenant retention. L Street Apartments is ideally positioned in the heart of Downtown Lake Worth Beach, just steps from Lake Avenue's restaurants, breweries, coffee shops, boutiques, and entertainment venues. Residents also enjoy convenient access to the Intracoastal Waterway, Lake Worth Beach Park, and Interstate 95, while nearby employment drivers include JFK Medical Center, Palm Beach County government offices, and the growing commercial corridors throughout central Palm Beach County. L Street Apartments presents an opportunity to acquire a well-maintained boutique multifamily property in one of Palm Beach County's most walkable and vibrant downtown districts. The property's recent capital improvements, desirable location, and efficient unit mix position it for continued rental demand and long-term appreciation.