436 E MarketLong Beach, CA 90805

Description

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.

Property Information

Property type

Residential Income

Sub-type

Apartment

Year built

1964

Stories

2

Building area

7,480 Sq Ft

Lot size

0.27 acres

Parking spaces

10

Days on market

161

MLS^® Listing#

PW26094741

Property Features

Appliances

Gas Range · Refrigerator

Cooling

None

Heating

Wall Furnace

Flooring

Vinyl

Fireplace

None

Pool

None

Parking

Assigned · Asphalt · Paved

Laundry

Common Area · Laundry Room

Lot features

Rectangular Lot

Community

Curbs · Street Lights · Sidewalks

Utilities

Electricity Connected · Natural Gas Connected · Sewer Connected · Water Connected

Sewer

Public Sewer

Water source

Public

Financial Details

HOA

None

Parcel number

7130001031

Directions

will be on the left hand side