Guaranteed rental cash-flow. Building #1 has 2 units, 4bd 2.5 ba each, constructed in 1980. Building #2, has 2 units, 2 bd 2 ba each, constructed 2022. Drive by ONLY. Under NO circumstance you should disturb tenants. Do not go on property. Each unit has separate utilities, additionally each unit has their own laundry area. 2 of the tenants are HUD Section 8 and the other 2 regular. Well maintained. The property has 2 addresses, 845 MLK, built in 2022 and 851 MLK, built in 1980.
Sold for $1,530,000
Tax assessed value
$1,530,000
851 Martin Luther King Jr Ave, Long Beach, CA 90813
--beds
10baths
4,600sqft
Multi Family
Built in ----
-- sqft lot
$1,515,000 Zestimate®
$333/sqft
$2,640 Estimated rent
Home value
$1,515,000
$1.36M - $1.68M
$2,640/mo
Zestimate® history
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Zillow last checked:
Listing updated:
Listed by:
Ben Shirvanian DRE # 01190395 818-822-6026,
Shirvan Group Inc 818-822-6026
Bought with:
Bao Nguyen, DRE # 02191413
West Capital Real Estate
Source: CLAW,MLS#: 24-457289
Facts & features
Interior
Bedrooms & bathrooms
- Bathrooms: 10
Heating
- Central
Cooling
- Air Conditioning
Appliances
- Included: Microwave, Exhaust Fan, Disposal, Range/Oven
Interior area
- Total structure area: 4,600
- Total interior livable area: 4,600 sqft
Property
Parking
- Total spaces: 6
- Parking features: Concrete
- Has uncovered spaces: Yes
Features
- Levels: Two
- Stories: 2
Lot
- Size: 5,600 Square Feet
Details
- Additional structures: Other
- Has additional parcels: Yes
- Parcel number: 7274021056
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Frame, Stucco
- Roof: Composition
Community & HOA
Location
- Region: Long Beach
Financial & listing details
- Price per square foot: $333/sqft
- Tax assessed value: $1,530,000
- Annual tax amount: $20,047
- Date on market: 10/28/2024
Price history
| Date | Event | Price |
|---|---|---|
| 1/1/2025 | Sold | $1,530,000-4.1%$333/sqft |
Source:  CLAW #24-457289 Report a problem | ||
| 12/30/2024 | Pending sale | $1,595,000$347/sqft |
Source: CLAW #24-457289 Report a problem | ||
| 10/28/2024 | Listed for sale | $1,595,000+99.6%$347/sqft |
Source: CLAW #24-457289 Report a problem | ||
| 10/10/2018 | Listing removed | $799,000$174/sqft |
Source: Shirvan Group #18331650 Report a problem | ||
| 4/10/2018 | Listed for sale | $799,000+165%$174/sqft |
Source: Shirvan Group #18331650 Report a problem | ||
| 6/6/2011 | Sold | $301,500-35.9%$66/sqft |
Source: Public Record Report a problem | ||
| 8/8/2006 | Sold | $470,000$102/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $20,047 +170.7% | $1,530,000 +176.8% |
| 2024 | $7,406 +1.7% | $552,821 +2% |
| 2023 | $7,283 +6.4% | $541,982 +2% |
| 2022 | $6,844 +4% | $531,356 +2% |
| 2021 | $6,582 +47.5% | $520,939 +54.9% |
| 2020 | $4,464 | $336,261 +2% |
| 2019 | $4,464 +4.1% | $329,669 +2% |
| 2018 | $4,287 | $323,206 +2% |
| 2017 | $4,287 +1.1% | $316,870 +2% |
| 2016 | $4,242 +7.9% | $310,658 +1.5% |
| 2015 | $3,931 +4.6% | $305,993 +2% |
| 2014 | $3,758 | $300,000 -16% |
| 2012 | -- | $357,000 -19.7% |
| 2011 | -- | $444,442 +0.8% |
| 2010 | -- | $441,121 -0.2% |
| 2009 | -- | $442,170 +2% |
| 2008 | -- | $433,500 +2% |
| 2007 | -- | $425,000 +217.7% |
| 2006 | -- | $133,781 |
| 2005 | -- | $133,781 +4% |
| 2004 | -- | $128,588 +1.9% |
| 2003 | -- | $126,232 +2% |
| 2002 | -- | $123,757 +4% |
| 2000 | -- | $118,954 |
Find assessor info on the county website
Neighborhood: East Village
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Nearby schools
GreatSchools rating
- 5/10Stevenson Elementary SchoolGrades: K-5Distance: 0.3 mi
- 4/10Franklin Classical Middle SchoolGrades: 6-8Distance: 0.4 mi
- 7/10Polytechnic High SchoolGrades: 9-12Distance: 0.7 mi
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Estimated market value
$1,515,000
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$1,515,000
- California
- Los Angeles County
- Long Beach
- 90813
- East Village
- 851 Martin Luther King Jr Ave
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