436 E Market St - Apartments FOR SALE


Long Beach, CA 90805- Bixby Knolls
$2,500,000 USD
562-884-6875
436 E Market St, Long Beach, CA for Sale
$2,500,000 USD
Apartments - FOR SALE
1/8
null | Request Cap Rate

436 E Market St
Long Beach, CA 90805
Bixby Knolls


HIGHLIGHTS

  • 2 New ADU's with laundry
  • 10 surface parking spaces
  • Over 20% upside in the rents. 6.6% Market CAP
  • Priced well below replacement cost

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$2,500,000 USD

PRICE/SF

$334 USD /SF

# OF UNITS

10

PRICE/UNIT

$250,000

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1964

PARKING SPACES

10

LAND DETAILS

LAND ACRES

0.27 AC

LAND SF

11,891 SF

ZONING

-

APN/PARCEL ID

7130-001-006

ASK ABOUT THIS PROPERTY

Spencer PabstPabst, Kinney & Associates, Inc.More Info
562-884-6875

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Spencer PabstPabst, Kinney & Associates, Inc.More Info
562-884-6875

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.