For Sale
$3,500,000

908 Martin Luther King Jr AveLong Beach, CA 90813

18-Unit Apartment Building, High ROI

Overview

Added:
Dec 11, 2024
Days on market:
115

Highlights

  • Turnkey 18-unit apartment building with updated systems including roof, electrical, plumbing, cabinets, fixtures, windows, granite countertops, and tile floors.
  • 6.10% Cap Rate / 10.47 GRM; Pro-forma NOI of $234,820 projects a 6.71% cap rate.
  • Potential for individual purchase or acquisition as part of a portfolio including properties at 718 Chestnut Avenue and/or 1228 Raymond Avenue.

Property Details for 908 Martin Luther King Jr Ave

Property type
Apartment buildings
Square Feet
6,540 SF
Year Built
1923
Stories
2
Units
18

Location Insight

City
Long Beach
County
Los Angeles
State
California
Latitude
33.7780057
Longitude
-118.1803079
908 Martin Luther King Jr Ave, Long Beach, California
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908 Martin Luther King Jr Ave
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