Deal numbers

A cap rate estimate is not available for this property yet. Ask Alex for a pro forma using comparable rent data.

Property details

Type

Apartment

Bedrooms

10

Building size

7,480 sqft

Lot size

11,891 sqft

Year built

1964

Stories

2

Garage spaces

0

Heating

Wall Furnace

Cooling

None

Pool

None

View

None

Status

Active

Days on market

90

MLS #

241806070

About this property

436–442 E. Market Street presents an exceptional investment opportunity to acquire a unique residential income property comprised of three separate buildings on an expansive 11,889 square foot lot. The front structure is a newly completed 1,814 square foot ADU duplex (completed May 2024), featuring two spacious 2-bedroom / 1-bath units, with laundry room, each offering 907 square feet of living space. Each unit is separately metered for water, gas, and electricity, providing added convenience and efficiency for ownership and management. Situated behind the duplex are two separate 4-plex buildings, originally constructed in 1964, with each building consisting of four 2-bedroom / 1-bath units, for a total of eight additional units. In total, the property offers 10 well-designed 2-bedroom / 1-bath units with 10 on-site parking spaces to accommodate tenants. Ideally located with convenient access to the 710, 605, and 405 freeways, this property offers strong rental appeal in a highly accessible location. With its desirable unit mix, substantial lot size, ample parking, and newly constructed front duplex, 436–442 E. Market Street represents an outstanding multifamily investment opportunity.

Location

436 E Market

Long Beach, Los Angeles, CA, 90805