See Home Value
Long Beach 90813 Saint Mary
940 Martin Luther King Jr Avenue
$657,805*
Land - Off Market

940 Martin Luther King Jr Avenue

Long Beach, CA 90813
bedrooms
Studio
bathrooms
0 Bath
$414,000 - $506,000
Reference Base Price*
43.00%
Since Apr 1, 2020
National-US
Primary Model
Sold Jun 06, 2023
$1,375,000
$900,000 by Goodlaw David
Mortgage
Sold Jun 07, 2021
$605,000
$980,000 by Gary Russell Bracken And James
Mortgage

About This Property

PRICE REDUCED!!!! Estate Sale:Three (3) Parcels Now Being Offered to Sell: First time being sold since their original owners. Great signalized location off Martin Luther King Blvd/10th St:ZONED TO BUILD A QUADRUPLEX,RETAIL AND RESIDENTIAL Properties.  The Following APNs also being sold:7274-023-011,7274-023-009,7274-023-008. All three parcels are connected and offer great development opportunities!!!
Unit Size
-
Days on Market
-
Land Size
2,994.00 acres
Price per sqft
-
Property Type
Land
Property Taxes
-
HOA Dues
-
Year Built
-

Price History

Date / Event Date Event Price
Jun 6, 2023 Sold to Dariush Ajami, Mina A Ajami $1,375,000
Sold to Dariush Ajami, Mina A Ajami
Jun 7, 2021 Sold $605,000
Sold
Apr 4, 2019 Listed $460,000
Listed
Sep 9, 2018 Price Increased $783,333
↑ $323K (70.3%)
Price Increased
Aug 6, 2018 Listed $460,000
Listed
Estate Sale:Three (3) Parcels Now Being Offered to Sell Together:Total Purchase Price of $2,350,000. First time being sold since their original owners. Great signalized location off Martin Luther King Blvd/10th St:ZONED TO BUILD A QUADRUPLEX AND RESIDENTIAL Properties. The Following APNs must be sold together::7274-023-011,7274-023-009,7274-023-008. All Three Parcels are connected together.

Property Highlights

With View

Building Info

Overview

    General

  • Bedroom Count: 0
  • Building Style: Quadplex
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 2,994
  • Total Building Area: 0
  • Building Area: 0

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: unknown
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: AMERICAN COLONY TRACT
  • Land Acres: 0.069
  • Standard Land Use Code: Quadruplex (4 units, any combination)
  • Legal Description 1: SUB OF VILLA LOTS 19 AND 20 AMERICAN COLONY TRACT S 60 FT OF LOT/SEC 7 BLK/DIV/TWN 19

Ownership

  • Current Owner : AJAMI DARIUSH
  • Current Owner 2: AJAMI MINA A
  • Previous Owner : MUSSON FACTORY INC
  • Owner Before Previous Owner: BRACKEN GARY R
  • Owner Before Previous Owner 2: BRACKEN RUSSELL
  • Ownership Rights Codes: Community Property

Neighborhood

  • School District Name: Long Beach Unified School District
  • Census Tract: 576401

Zoning

  • Zoning: LBR4N

Geography

  • Assessors Map Reference: 75-D4
  • Subdivision Tract Number: S
  • Parcel: 7274-023-011
  • Block: 19
  • Lot: 19,20
  • Municipality: SOUTH /DOWNTOWN
  • Latitude: 33.7785
  • Longitude: -118.18

    Address

  • Full Address: 940 Martin Luther King Jr Ave
  • Address - House Number: 940
  • Address - Street Name: Martin Luther King Jr
  • Address - Suffix Type: Ave
  • State: CA
  • City Name: Long Beach
  • Carrier Code: C009
  • 4-Digit Zip Code: 4736
  • Zip Code: 90813

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $2,538
  • Intital Tax Deliquent Year: 2021
  • Tax Rate Code Area: 11-933

    Appraisal Valuation

  • Standard Deviation: 0.2283
  • Valuation Date: Oct 25, 2023
  • Confidence Score: 68
  • Final Value: 816,107
  • High Value: 1,002,471
  • Low Value: 629,742

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $900,000
  • First Open Lien Mortgage Lender: GOODLAW DAVID
  • First Open Lien Mortgage Recording Date: Jun 29, 2022
  • First Open Lien Mortgage Loan Amount: $900,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $213,282
  • Assessed Land Value: $213,282

    Sales

  • Current Sale Contract Date: Apr 26, 2023
  • Current Sale Recording Date: Jun 06, 2023
  • Current Sale Transaction ID: 11907532826
  • Current Sale Price: $1,375,000
  • Current Sale Document Type: Grant Deed
  • Current Sale Input Document Number: 367897
  • Previous Sale Recording Date: Jun 07, 2021
  • Previous Sale Contract Date: Apr 02, 2021
  • Previous Sale Amount: $605,000
  • Previous Sale Document Type: Grant Deed

    Previous Mortgages

  • Previous Mortgage Lender: GARY RUSSELL BRACKEN AND JAMES
  • Previous Mortgage Transaction Date: Jun 07, 2021
  • Previous Mortgage Loan Amount: $980,000
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: Seller take-back



Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes
Condo
1 Bed
1 Bath
616 ft²
$771/ft²
$474,900 Apr 4, 2022
-
$554/mo
Condo
1 Bed
1 Bath
660 ft²
$720/ft²
$475,000 Mar 22, 2023
-
$580/mo
Condo
1 Bed
1 Bath
695 ft²
$633/ft²
$439,900 Dec 28, 2022
-
$245/mo
Condo
1 Bed
1 Bath
713 ft²
$596/ft²
$425,000 Mar 22, 2023
-
$210/mo
Condo
1 Bed
1 Bath
627 ft²
$638/ft²
$400,000 Apr 12, 2023
-
$168/mo
Condo
1 Bed
1 Bath
631 ft²
$632/ft²
$399,000 Apr 3, 2023
-
$275/mo
Condo
1 Bed
1 Bath
656 ft²
$587/ft²
$385,000 Mar 23, 2022
-
$199/mo
Condo
1 Bed
1 Bath
690 ft²
$775/ft²
$535,000 Oct 28, 2022
-
$450/mo
Own Your Own
1 Bed
1 Bath
587 ft²
$646/ft²
$379,000 Feb 20, 2023
-
$334/mo
Condo
2 Beds
2 Baths
1,049 ft²
$439/ft²
$460,000 Apr 22, 2022
-
$290/mo
Condo
2 Beds
1 Bath
850 ft²
$576/ft²
$490,000 Mar 3, 2022
-
$240/mo
Townhouse
2 Beds
1.5 Baths
977 ft²
$502/ft²
$490,000 Nov 21, 2022
-
$486/mo

About Saint Mary


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Frequently Asked Questions

When was property at 940 Martin Luther King Jr Avenue built and last sold?
The property at 940 Martin Luther King Jr Avenue was built in and last sold on Apr 26, 2023 for $1,375,000.
How much is this home worth?
The estimated value of the home located at 940 Martin Luther King Jr Avenue is $464,600.
What are some comparable homes to 940 Martin Luther King Jr Avenue?
There are currently no comparable homes to 940 Martin Luther King Jr Avenue.

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