$2,499,000
UNDER CONTRACT

1415 1425 Martin Luther King jr Ave Long Beach, CA 90813

Willmore Neighborhood

Estimated payment $16,116/month

6 Beds
4 Baths
7,282 Sq Ft
$343 Price per Sq Ft

Highlights

  • 0.3 Acre Lot
  • Laundry Room
  • 5-minute walk to Drake Park

About This Home

Exciting opportunity to acquire two contiguous multifamily investment properties in Long Beach, California. This offering comprises 1415 Martin Luther King Jr. Avenue, a 1961 construction fourplex with all two-bed/one-bath units, and the adjacent 1425 Martin Luther King Jr. Avenue, a six-unit property consisting of a front duplex with a three-bed/two-bath unit and a one-bed/one-bath unit, as well as a rear fourplex with all two-bed/one-bath units. The property also offers on-site laundry and ample surface parking.

The property is located in Long Beach’s Poly High neighborhood within easy walking distance of grocery stores and other amenities.

Current rents offer a new investor eight percent potential upside, and there may be potential to develop four ADU’s in the large parking lot of 1415 Martin Luther King Jr. Ave (buyer to verify).

Listing Agent

Steve Bogoyevac

Steven M. Bogoyevac, Broker Brokerage Email: steve.bogoyevac@marcusmillichap.com License #01332755 Listed on: 08/11/2025

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1930

Lot Details

  • 0.3 Acre Lot
  • No Common Walls
  • 7268-013-018

Interior Spaces

  • 7,282 Sq Ft Home
  • 2-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 4 Bathrooms

Parking

  • 10 Open Parking Spaces
  • 10 Parking Spaces

Location

  • Urban Location

Listing and Financial Details

  • Legal Lot and Block 8 / B
  • Assessor Parcel Number 7268013016
  • $1,412 per year additional tax assessments

Community Details

Overview

  • 3 Buildings
  • 10 Units

Amenities

  • Laundry Facilities

Building Details

  • Rent Control
  • 10 Separate Electric Meters
  • 10 Separate Gas Meters

Property Details

Home Type

Multi-Family

Year Built

Built in 1930

Lot Details

0

Listing Details

  • CapRate: 6.78
  • Price Per Unit: 249900
  • Property Attached: No
  • Zoning: LBR1N
  • Property Sub Type: Commercial/Residential
  • Property Type: Residential Income
  • Parcel Number: 7268013016
  • Year Built: 1930
  • Special Features: UnderContract

Interior Features

  • Stories: 2
  • Entry Location: 1
  • Common Walls: No Common Walls
  • Entry Level: 1
  • Levels: Two
  • Price Per Square Foot: 343.17

Exterior Features

  • Pool Private: No

Garage/Parking

  • Total Parking Spaces: 10.00
  • Uncovered Spaces: 10.00

Utilities

  • Laundry: Yes
  • Laundry Features: Community
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Urban

Lot Info

  • Additional Parcels: Yes
  • Additional Parcels Description: 7268-013-018
  • Land Lease: No
  • Lot Features: Lot 10000-19999 Sqft
  • Lot Size Sq Ft: 13058.00
  • Lot Size Acres: 0.2998

Multi Family

  • Lot Size Area: 13058.0000 Square Feet
  • Number Of Separate Electric Meters: 10
  • Number Of Separate Gas Meters: 10
  • Number Of Units Total: 10
  • Rent Control: Yes

Tax Info

  • Tax Block: B
  • Tax Census Tract: 5753.00
  • Tax Lot: 8
  • TaxOtherAnnualAssessmentAmount: 1412.00

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/11/2025 08/11/25 For Sale $2,499,000 -- $343 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW25180986

California Regional Multiple Listing Service (CRMLS)
California Los Angeles County Long Beach 90813 Willmore

1415 1425 Martin Luther King jr Ave, Long Beach, CA

This home is located at 1415 1425 Martin Luther King jr Ave, Long Beach, CA 90813 and is currently priced at $2,499,000, approximately $343 per square foot. This property was built in 1930. 1415 1425 Martin Luther King jr Ave is a home located in Los Angeles County with nearby schools including Edison Elementary School, Washington Middle School, and Juan Rodriguez Cabrillo High School.

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Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information

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Listing Agent
Steve Bogoyevac
Section Image
Steven M. Bogoyevac, Broker
(562) 473-4810