1234 W Martin Luter King Jr.
Los Angeles, CA 90037
3
Bed
3
Bath
6,403Sqft(Lot)
Development Opportunity in Prime Los Angeles – RTI for 17 Units! Unlock the full potential of this prime Los Angeles property! Currently a single-family home, this site comes RTI (Ready to Issue) with approved plans for 17 units — all that’s left is to pull the permits and start building. Located in a high-demand area of L.A., this is a rare, shovel-ready opportunity for investors and developers seeking a fast-track, high-yield multifamily project. RTI – Save time and money Approved for 17 units, These have 11 units with 1 bedroom/ 1 bath & 6 Units with 2 bedroom & 2 bath. Total of 23 Bedroom & 23 Bath. this offer a lot of amenities as a 4 floor to use like a terrace with a beutiful view, an comunity Center and mucho more. Ideal for multifamily development Strong rental demand in surroundi
Property Details
Map
Map
What's Nearby
Nearby Areas
Features
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Interior Features
MultipleStaircases, OpenFloorplan, QuartzCounters, RecessedLightingRoof: CompositionLaundry Features: ElectricDryerHookup, GasDryerHookup, LaundryRoom -
Heating & Cooling
Has Heating: Yes Heating: Central Has Cooling: Yes Cooling: CentralAir
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Building Information
Year Built: 1912Building Area Total: 13294Pool Features: NonePrivate Pool: NoView: CityLights -
Exterior Features
Exterior Features: Lighting, RainGutters
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Lot Information
Main Square Feet: 6403 Lot Size Acres: 0.147 Lot Size Source: Assessor Lot Size Square Feet: 6,403 Lot Description: ZeroToOneUnitAcre
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Listing Price Information
Listing Price: $1250000Original Price: $1349000Conventional, Exchange1031, FHA, VaLoan
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Tax Information
Parcel Number: 5020016011 Tax Lot: 10 Tax Block: K
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Virtual Tour
Parking Information
None
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Utility Information
ElectricityAvailable, NaturalGasAvailable, SewerAvailable, WaterAvailable -
Location Information
Direction: Between Normandie & Budlong WaterSource: Public
How much is this property worth?
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Nearby Home Value
| Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
|---|---|---|---|---|---|
| 158 W Martin Luther Kin.., Los Angeles, CA, 90037 | $998,000 | 11 | 5 | -- | |
| 136 W 43rd Place, Los Angeles, CA, 90037 | $729,900 | 3 | 2 | 1,080 | 1,080 SqFt |
| 160 W 48th, Los Angeles, CA, 90037 | $689,900 | 3 | 3 | 1,152 | 1,152 SqFt |
| 336 W 45th Street, Los Angeles, CA, 90037 | $930,000 | 5 | 3 | 1,728 | 1,728 SqFt |
| 142 W 58th Street, Los Angeles, CA, 90037 | $485,000 | 2 | 1 | 964 | 964 SqFt |
| 4260 S Figueroa Street, Los Angeles, CA, 90037 | $1,100,000 | 4 | 4 | 4,516 | 4,516 SqFt |
| 602 W 40th Place, Los Angeles, CA, 90037 | $1,600,000 | 10 | 5 | 3,692 | 3,692 SqFt |
| 324 W 51st St, Los Angeles, CA, 90037 | $1,900,000 | -- | -- | 5,193 | 5,193 SqFt |
| 536 W 42nd Street, Los Angeles, CA, 90037 | $1,049,900 | 6 | -- | 1,983 | 1,983 SqFt |
| 5734 S Broadway, Los Angeles, CA, 90037 | $2,195,000 | 3 | 13 | 11,568 | 11,568 SqFt |
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ByOwner last updated this listing 08/20/2026 @ 20:05
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