318 320 E Market Street, Long Beach, CA — listing photo 1
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FOR SALE

318 320 E Market Street

Long Beach, CA 90805
5,654 Lot Sq Ft
Built 1940
$1,249,000
Price ReducedWas $1,369,000 — $1,249,000 (-$120,000)

Property Overview

318-320 East Market Street is a turnkey 4-unit income property featuring 3 residential units and 1 commercial storefront. 2 of the 4 units are currently occupied with tenants paying at or above market rates. 2 of the 4 units are currently vacant. At the list price, the property has outstanding fundamentals with a pro-forma 6.5 CAP RATE and 12.35 GRM. To make this one even better, all units are in good marketable condition, with upgrades by the current owner including new 200 amp electrical panels; updated plumbing; updated sprinkler and irrigation, and updated interior finishes and design in the residential units. The seller is motivated. This is one you don't want to miss.

Home Details

Property type
Residential Income
Year built
1940
Lot size
5,654 sq ft
Parking
2 spaces
Days on market
100
MLS status
Active
Zoning
LBCMR

Features & Amenities

Appliances

  • Water Heater

Parking

  • Driveway

Pool

  • None

Community, Schools & Utilities

Community

Subdivision
Not Applicable
View
None

Utilities

Cooling
None
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Location & Neighborhood

318 320 E Market Street

Long Beach, CA 90805

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Frequently Asked Questions About 318 320 E Market Street

Property type: Residential Income

The current asking price is $1,249,000. Pricing is subject to change and may vary based on market conditions, negotiations, and property updates. Contact our team to verify current pricing.
Yes. Use the Book Visit action or contact form to request an in-person or virtual tour of 318 320 E Market Street. Our team will confirm availability and timing.
This property offers the living space reported in the listing. It was built in 1940. Review the listing details and disclosures, then independently verify material features before making a decision.
The property is in Long Beach, California. Review the map, visit at relevant times of day, and verify schools, commute routes, services, noise, hazards, and local rules for the exact address.
Financing depends on the buyer, lender, property type, condition, appraisal, insurance, and association documents. A qualified lender can confirm available programs and costs for this Long Beach property.
The MLS currently reports the property as Active. It has been listed for 100 days. Status can change, so verify availability before relying on it.

What clients say

“Reza was the best agent we have ever worked with.”Russell & Susan McQueen

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Listing Agent

Name: Teresa Fuller
MLS ID: P785794

Available property

$1,249,000

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Data provided by California Regional Multiple Listing Service, Inc. ("CRMLS"). Information is for viewer's personal, non-commercial use. All data should be independently verified for accuracy.