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1821 Martin Luther King Jr Ave
Long Beach, CA 90806

$995,000 USD

Freestanding For Sale • 5,676 SF

Property Details

Property Type Freestanding
Total Building Size 5,676 SF
Lot Size 0.13 AC
Building Class C
Year Built 1962
Tenancy Multiple
Zoning R1N, Long Beach

59 Transit Score

86 Walk Score

                
                    Highlights
                
                                Vacant unit with potential for owner user or upside for new tenant
                            
                                Property is zoned as multi use, retail, and residential giving opportunity for varied future use
                            
                                Great visibility to PCH
                            
                                Pacific Coast Highway traffic count is +/- 38,000 vehicles per day
                            
                                Corner Property

Property Flyers

1821 MLK Jr Ave OM 4.11.22

Financial Summary (Proforma)

Net Operating Income: $65,650 USD (2022)

Total Expenses:

$18,350 USD

Major Tenants

Tenant	SF Occupied	Lease End Date
PCH Market	3,000 SF	12/31/2024

Amenities

Signage

Public Transportation

Transit/Subway	Drive	Walk	Distance
Pacific Coast Highway Station (Blue Line - Los Angeles County Metropolitan Transportation Authority (Metro))	1 min	11 min	0.6 mi
Airport	Drive	Walk	Distance
Long Beach (Daugherty Field)	7 min	-	3.4 mi
John Wayne/Orange County	30 min	-	21.0 mi
Los Angeles International	30 min	-	21.0 mi

Chris Comfort 424-293-8085 Apex Properties

1821 Martin Luther King Jr Ave Long Beach, CA 90806