436 E Market,Long Beach, CA 90805
Long 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.
Details
| MLS # | PW26094741 |
|---|---|
| Listing Type | For Sale |
| Style | Condominium |
| Sub-Type | Resale |
| Status | Active |
| Year | 1964 |
| Days On Site | 184 |
| Listing Provided By | Pabst, Kinney & Associates | Kristie Pabst |
Features
| SQ Feet | 7,480 |
|---|---|
| Story(s) | 1 |
| Units | 10 |
| Building(s) | 3 |
| Acreage | 0.27 |
| Property View | None |
Interior
| Cooling | None |
|---|---|
| Heating | Wall Furnace |
| Heating Yes / No | Yes |
| Cooling Yes / No | No |
| Appliances | Gas Range, Refrigerator |
| Fireplace Yes / No | No |
Exterior
| Lot Features | Rectangular Lot |
|---|
Parking
| Parking Features | Assigned, Asphalt, Paved |
|---|---|
| Garage Yes / No | No |
Utilities
| Utilities | Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected |
|---|---|
| Electric | Electricity On Property, Volts220In Laundry |
| Sewer | Public Sewer |
Location
| Community Features | Curbs, Street Lights, Sidewalks, Urban |
|---|
Area Information
| State | CA |
|---|---|
| County | Los Angeles |
| City | Long Beach |
| Zip Code | 90805 |
| Area | 7 North Long Beach |
| Community Name | North Long Beach (NLB) |
| Listing VS Median (in North Long Beach (NLB)) | |
Price: $2,195,000 low | high Med: $685,000 sqft: 7,480 low | high Med: 1,103 $ / sqft: $293 low | high Med: $621 On site: 184 low | high Med: 35 | |
Market Activity 90805
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Learn More About This Property
| State | CA |
|---|---|
| County | Los Angeles |
| City | Long Beach |
| Zip Code | 90805 |
| Area | 7 North Long Beach |
| Community Name | North Long Beach (NLB) |
| Listing VS Median (in North Long Beach (NLB)) | |
Price: $2,195,000 low | high Med: $685,000 sqft: 7,480 low | high Med: 1,103 $ / sqft: $293 low | high Med: $621 On site: 184 low | high Med: 35 | |
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