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Listed by Steven Bogoyevac • Steven M. Bogoyevac, Broker
$2,400,000
Est. payment /mo
0.3 Acres Lot
Active
1415 1425 Martin Luther King Jr AVE Long Beach, CA 90813
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Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID CRPW25047462
Originating Board California Regional MLS
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
Tax ID 7268013016
Special Listing Condition Not Applicable
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