Address
1069 Martin Luther King Jr Avenue Long Beach, CA
Price
$ 2,375,000
Property Attributes
  • MLS#SB21081932
  • TypeContingent
  • CountyLOS ANGELES
  • CityLong Beach
  • AreaDowntown Area - Alamitos Beach
  • Zip90813
  • StyleMulti Family
  • Price$ 2,375,000
  • Bedrooms16
  • Full Bathrooms16
  • Half Bathrooms0
  • Lot Size6,526 SqFt
Listing Provided Courtesy Of:
Chang Liu with West Shores Realty, Inc..
Data Source:
CRMLS
Property Description

About 1 mile away from the beautiful Alamitos beach! Rare rental income opportunity with great monthly cash flow. This 7,096 square foot condo features 16 beds and 16 bathrooms with 8 (2beds/2baths) units. All 8 units offers attractive 2beds & 2baths with a large patio. Seller has recently put $220K into remodeling of all units with brand new kitchen and bathroom. It offers security fence, building owned laundry machines(2 washers/2 dryers), and fenced parking garage. Close to Downtown Long Beach, which has seen major redevelopment in recent years. Nearby schools include Lincoln Elementary School, True Social Justice Academy and Clear Passage Educational Center. The closest grocery stores are La Bodega Market, Amigo's Market and K H Market.Nearby restaurants include Chema's Place, Roma Pizza and New Pho. It is near Peace Park, MacArthur Park and McBride Park. Buyer to Verify all information provided.

Price History
4/20/2021 Listed $2,559,000
5/10/2021 8% - $2,375,000

General Features

Business Type Rental
Cooling None
Heating Wall Furnace
Listing Agent Chang Liu - BRE#02101725
Listing Agent State License 02101725
MLS Area 4 - Downtown Area, Alamitos Beach
Property Sub Type Additional Multi Family
Property SubType Multi Family
Property Type Commercial Sale
Special Listing Conditions Standard
Status Active Under Contract
Terms Cash, Cash to New Loan, Conventional
Total Units 8
Virtual Tour https://youtu.be/5cBBBnpSaBI
Virtual Tour https://youtu.be/6trQT0wL_L0+

Interior Features

Heating Y/N Yes
Laundry Features Common Area

Exterior Features

Fencing New Condition
Lot Features 36-40 Units/Acre
Lot Size Acres 0.15
Lot Size Area 6526
Lot Size Source Assessor
Lot Size Square Feet 6526
Lot Size Units Square Feet
Total Parking 8
Water Source Public

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Contingent Average in 90813

Price
AVG $1.32M
$2.38M
Visits
AVG 62
38
Year Built
AVG 1940
1987
Walkscore
AVG 85
93
Data Provided by Walkscore ® not using MLS data

Looking for a more comfortable experience?

Download our mobile app for a personalized browsing experience.

Areas We Cover