Views
Address
1069 Martin Luther King Jr Avenue Long Beach, CA
Price
$ 2,375,000
Property Attributes
  • MLS#SB21087723
  • TypeContingent
  • CountyLOS ANGELES
  • CityLong Beach
  • AreaDowntown Area - Alamitos Beach
  • NeighborhoodAlamitos Beach
  • Zip90813
  • Style
  • 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

Priced to sell! 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. 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. It is near Peace Park, MacArthur Park and McBride Park with a fantastic 92 walking score. Buyer to Verify all information provided.

Price History
4/26/2021 Listed $2,559,000
5/10/2021 8% - $2,375,000

General Features

Community Features Park, Urban
Garage Spaces 8
Garage Y/N Yes
Heating Wall Furnace
Levels Two
Listing Agent Chang Liu - BRE#02101725
Listing Agent State License 02101725
MLS Area 4 - Downtown Area, Alamitos Beach
Parking Features Garage
Pool Features None
Property Attached Y/N Yes
Property Type Residential Income
Sewer Public Sewer
Special Listing Conditions Standard
Stories 2
Subdivision Name Alamitos Beach (AB)
Terms Cash, Cash to New Loan
Total Actual Rent 10735
Total Units 8
View Neighborhood
Virtual Tour https://youtu.be/6trQT0wL_L0+
Water Sewer Expense 8949
Zoning LBR4R

Interior Features

Common Walls 2+ Common Walls
Fireplace Features None
Heating Y/N Yes
Laundry Features Common Area

Exterior Features

Fencing Good 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
Number of Buildings 1
Number of Separate Electric Meters 8
Number of Separate Gas Meters 8
Number of Separate Water Meters 1
Total Parking 8
View Y/N Yes
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 $1.28M
$2.38M
Visits
AVG 64
74
Year Built
AVG 1945
1987
Walkscore
AVG 86
93
Data Provided by Walkscore ® not using MLS data

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