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… Read More 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). Read Less
Property listed by Steven M. Bogoyevac, Broker, Steven Bogoyevac [email protected]
Listing Snapshot
Days Online
156
Last Updated
Property Type
Mixed Use
Lot Size
0.3 Acres
Year Built
1930
MLS Number
PW25047462
30 Days Snapshot Of 90813
$617k
+26%
(avg) sold price
4
-20%
homes sold
85
-53%
(avg) days on market
Snapshot
Area Map
Additional Details
Building
Built in 1930, Building area total: 7,282, Levels: Two, 2 stories, 3 buildings, Common walls: NoCommonWalls
Community
Urban
Laundry
CommonArea
Lot
0.2998 acres, 13,058 square feet, Size: 13,058
Parking
10 open parking spaces, 10 totals parking
Pool
None
Property
Zoning: LBR1N
Sewer
PublicSewer
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Based on information from California Regional Multiple Listing Service, Inc. as of 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 broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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