436 E Market, Long Beach, CA 90805
- $2,410,000
- List Price
- $2,410,000
- Price Change
- ▼ $90,000 1780613416
- Status
- ACTIVE
- MLS#
- PW26094741
- Year Built
- 1964
- Lot Size
- 11,891
- Acres
- 0.27
- Lot Location
- Rectangular Lot
- Days on Market
- 83
- Property Type
- Multifamily
- Property Sub Type
- Apartment
- Stories
- One Level, Two Levels
- Neighborhood
- North Long Beach (Nlb)
Property 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.
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Additional Information
- Appliances
- Gas Range, Refrigerator
- Pool Description
- None
- Heat
- Wall Furnace
- Cooling Description
- None
- View
- None
- Sewer
- Public Sewer
- Water
- Public
- Attached Structure
- Attached
- Number Of Units Total
- 10
- Gross Scheduled Income
- $198,619
Listing courtesy of Listing Agent: Kristie Pabst (kristie.pabst@pabstkinney.com) from Listing Office: Pabst, Kinney & Associates.
Mortgage Calculator
Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.