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1135 Martin Luther King Jr Ave
Long Beach, CA 90813
Multifamily Property For Sale
·
18 Units
Investment Highlights
- Courtyard-Style Building With 18 Two-Bed/One-Bath Units
- Solid In-Place Rents and Six Percent Potential Upside
- Recent Improvements: New Laundry Room and Water Heater, Plumbing Upgrades, New Stair Railings, Deck Improvements, Plumbing Upgrades, New Appliances
- Located Just Over a Mile From the Beach and Proximate to Rapidly Growing and Revitalizing Downtown Long Beach
- WalkScore: 90
- Part of a $39,795,000 Portfolio of Five Buildings Ranging From 18 to 44 Units | Properties May Be Acquired Separately or Together
Property Facts
| No. Units | 18 | Lot Size | 0.30 AC |
| Property Type | Multifamily | Building Size | 13,536 SF |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built | 1964 |
| Building Class | C | Parking Ratio | 0.66/1,000 SF |
| Zoning | LBR4R | ||
| No. Units | 18 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.30 AC |
| Building Size | 13,536 SF |
| No. Stories | 2 |
| Year Built | 1964 |
| Parking Ratio | 0.66/1,000 SF |
| Zoning | LBR4R |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 18 | $1,750 | - |
Property Taxes
| Parcel Number | 7274-005-013 | Improvements Assessment | $1,687,320 |
| Land Assessment | $3,141,175 | Total Assessment | $4,828,495 |
Property Taxes
Parcel Number
7274-005-013
Land Assessment
$3,141,175
Improvements Assessment
$1,687,320
Total Assessment
$4,828,495
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