1069 Martin Luther King Jr Avenue

1069 Martin Luther King Jr Avenue, Long Beach, CA 90813

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.

Features & Amenities

Interior

Laundry Room Common Area

Exterior

Stories 2
Water Source Public
Lot Features 36-40 Units/Acre
Heat Type Wall Furnace
Air Conditioning None

Area & Lot

Status Sold
LIVING SPACE 7,096 Sq.Ft.
LOT SIZE 0.15 Acres
MLS® ID SB21081932
Type COMMERCIAL
Year Built 1987

Financial

SALES PRICE $2,375,000

Work With Guillermo

Your home is your sanctuary. Letting go of that sanctuary can be a traumatic process. Finding a new haven can be just as daunting. Guillermo understands and his goal is to find your perfect new home that will not only suit your budget, but also give you immediate peace and protection the moment you walk through the door.

Let's Connect