$2,375,000
$2,375,000
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1069 Martin Luther King Jr AVE Long Beach, CA 90813
7,096 SqFt
Key Details
Sold Price $2,375,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 7,096 sqft
Price per Sqft $334
Subdivision Alamitos Beach (Ab)
MLS Listing ID SB21087723
Sold Date 07/23/21
HOA Y/N No
Year Built 1987
Lot Size 6,534 Sqft
Acres 0.15
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.
Location
State CA
County Los Angeles
Area 4 - Downtown Area, Alamitos Beach
Zoning LBR4R
Rooms
Ensuite Laundry Common Area
Interior
Laundry Location Common Area
Heating Wall Furnace
Fireplaces Type None
Fireplace No
Laundry Common Area
Exterior
Garage Garage
Garage Spaces 8.0
Garage Description 8.0
Fence Good Condition
Pool None
Community Features Park, Urban
View Y/N Yes
View Neighborhood
Parking Type Garage
Total Parking Spaces 8
Private Pool No
Building
Lot Description 36-40 Units/Acre
Story 2
Entry Level Two
Sewer Public Sewer
Water Public
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 7274010035
Acceptable Financing Cash, Cash to New Loan
Listing Terms Cash, Cash to New Loan
Financing Conventional
Special Listing Condition Standard
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Bought with David Harrington • Matthews Real Estate Investment Services
The Wilkas Group - Lenore & Alexander Wilkas
Real Estate Advisors | License ID: 01343201 & 01355442