$1,530,000
SOLD JAN 1, 2025

851 Martin Luther King jr Ave Long Beach, CA 90813

Saint Mary's Neighborhood
-- Bed
10 Baths
4,600 Sq Ft
5,600 Sq Ft Lot

Recently Sold

$333 Per Sq Ft

4% Below List Price

58 Days on Market

About This Home

As of January 2025

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.

Last Agent to Sell the Property

Ben Shirvan

Shirvan Group Inc License #01190395 Listed on: 10/28/2024

Last Buyer's Agent

Bao Nguyen

West Capital Real Estate License #02191413

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,464

Home Design

  • Frame Construction
  • Composition Roof
  • Stucco

Interior Spaces

  • 10 Bathrooms
  • 4,600 Sq Ft Home
  • 2-Story Property

Kitchen

  • Oven or Range
  • Microwave
  • Disposal

Parking

  • 6 Parking Spaces
  • Driveway

Additional Features

  • 5,600 Sq Ft Lot
  • Central Heating

Community Details

  • 2 Buildings
  • 4 Units

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,464

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Levels: Two
  • Street Number Display: Yes
  • Additional Assessor Parcel Numbers: Yes
  • Advertising Remarks: 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. Please call/text Ben at 818-822-6026 or email, ben@shirvangroup.com.
  • Living Area: 4600
  • Probate: No
  • Stories: 2
  • Number Of Photos: 20
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Total Bathrooms: 10.00
  • Equipment: Microwave, Hood Fan, Garbage Disposal, Range/Oven
  • Price Per S Q F T: 346.74

Exterior Features

  • Construction: Frame, Stucco
  • Other Structures: Other
  • Tennis Court Y/N: No
  • Roof: Composition

Garage/Parking

  • Parking Garage: Driveway - Concrete
  • Total Parking: 6

Utilities

  • Cooling: Air Conditioning
  • Heating: Central

Lot Info

  • Assessor Parcel Number: UNAVAILABLE
  • Lot Size Area: 5600

Multi Family

  • Unit Type: 2106, 2107, 2108, 2109
  • Gross Rent Multiplier: 12.00
  • Number Of Units: 4
  • Total Annual Expense: 21552
  • Type Of Units: Townhouse
  • Vacancy Rate: 0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 19, 2017
Sold by
Shirvanian Arsine
Bought by
Shirvanian Arsine
Current Estimated Value
$856,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$451,500
Interest Rate
4.14%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 20, 2013
Sold by
Shirvanian Ben
Bought by
Shirvanian Arsine

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$245,000
Interest Rate
4.57%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 17, 2013
Sold by
Tahmasian Jasmine
Bought by
Shirvanian Arsine

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$245,000
Interest Rate
4.57%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 2, 2011
Sold by
Tahmasian Jasmine
Bought by
Deutsche Bank National Trust Company

Purchase Details

Closed on
May 17, 2006
Sold by
Hamilton Family Trust
Bought by
Tahmasian Jasmine

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$329,000
Interest Rate
1.75%
Mortgage Type
Negative Amortization
Source: Public Records

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Interfamily Deed Transfer -- None Available
Interfamily Deed Transfer -- Lawyers Title Company
Grant Deed $350,003 Lawyers Title Company
Trustee Deed $301,500 Accommodation
Grant Deed $470,000 Commonwealth Land Title Co
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $658,000 New Conventional
Closed $451,500 New Conventional
Closed $241,000 New Conventional
Closed $245,000 New Conventional
Closed $245,000 New Conventional
Previous Owner $349,000 Unknown
Previous Owner $329,000 Negative Amortization
Previous Owner $460,000 Unknown
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/01/2025 01/01/25 Sold $1,530,000 -4.1% $333 / Sq Ft
12/25/2024 12/25/24 Pending -- -- --
10/28/2024 10/28/24 For Sale $1,595,000 -- $347 / Sq Ft
Source: The MLS

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2020 $4,464 $336,261 $179,339 $156,922
2019 -- $329,669 $175,823 $153,846
2018 -- $323,206 $172,376 $150,830
2016 -- $310,658 $165,684 $144,974
2015 -- $305,993 $163,196 $142,797
2014 -- $300,000 $160,000 $140,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 24-457289

The MLS

APN: 7274-021-037