Marcus & Millichap is pleased to present the opportunity to acquire 415 – 417 East 20th Street, a 14-unit multifamily investment property located in Long Beach, one of the premier housing markets in Southern California.
The 8,946 gross square foot property consists exclusively of two-bedroom cottages and offers amenities including gated entry, single-story construction, on-site laundry, and garage parking. In addition, the property’s strategic location in close proximity to Pacific Coast Highway and Interstate 710 provides residents with convenient access to local and regional employment centers.
Historically known for its status as the preeminent harbor city on the West Coast, Long Beach continues to gain notoriety as an exciting and vibrant waterfront destination. Long Beach’s world-class port, prestigious university, unique business market, and unmatched local attractions have made it one of Southern California’s most desirable markets.
Given the overall strength of the apartment market in Long Beach and unique appeal of the subject property, 415 – 417 East 20th Street is well suited to provide investors with strong returns and value appreciation over the long-term investment horizon.