1415 1425 Martin Luther King Jr AVE Active

Long Beach,CA 90813

$ 2400000

- Bed

- Bath

- SqFt


Key Details

Property Type Commercial

Listing Status Active

Purchase Type For Sale

MLS Listing ID CRPW25047462

Year Built 1930

Lot Size 0.300 Acres

Property Description

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).

Location

State CA

County Los Angeles

Area 9 - Poly High

Interior

Laundry Community Facility

Exterior

Garage Spaces 10.0

Pool None

Building

Water District - Public

Others

Special Listing Condition Not Applicable

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