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).
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).
Property Details
Price:
$2,400,000
MLS #:
PW25047462
Status:
Active
Baths:
0
Address:
1415 Martin Luther King Jr Avenue
Type:
Residential Income
Subtype:
Commercial/Residential
Neighborhood:
9polyhigh
City:
Long Beach
Listed Date:
Mar 4, 2025
State:
CA
ZIP:
90813
Lot Size:
13,058 sqft / 0.30 acres (approx)
Year Built:
1930
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Schools
Interior
Exterior
Community Features
Urban
Garage Spaces
0.00
Lot Features
Lot 10000-19999 Sqft
Parking Spots
10.00
Pool Features
None
Sewer
Public Sewer
Stories Total
2
Water Source
Public
Financial
Map
Community
- Address1415 Martin Luther King Jr Avenue Long Beach CA
- Area9 – Poly High
- CityLong Beach
- CountyLos Angeles
- Zip Code90813
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1415 Martin Luther King Jr Avenue
Long Beach, CA
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