• 172 W Martin Luther King Junior Boulevard Los Angeles, CA 90037

  • $750,000
  • 0
    Bed(s)
  • 0
    Baths
  • 3,300
    Sq Ft
  • 6011
    Sqft
  • Listed By: Jeff Anderson, eXp Realty of California Inc, DRE #01729514
  • Source: CRMLS

Seize this rare chance to own a lucrative 4-plex priced at $750,000, just 1.3 miles from USC. With approximately 3,300 square feet, this property boasts an excellent unit mix featuring (3) 2-bed/1-bath and (1) 1-bed/1-bath units. Convenience is key, with four parking spaces and close proximity to Downtown Los Angeles. Ideal for first-time investors, this property is a "starter pack" offering the perfect opportunity to use a 5% down Fannie Mae loan. Additionally, its proximity to BMO Stadium (LAFC Stadium) adds to its allure. Anticipate a substantial annual gross rent of $59,436, making this 4-plex an outstanding investment choice. LAC2 flexible zoning could allow for unique development opportunity in the future, while taking advantage of the TOC program. Don't miss out on this gem in a prime location!

Property Type :

Residential Income

County :

Los Angeles

Style :

Residential Income

Sell a home like this and save $44,501 Find Out How

Unit No Unit Key Total Bath Total Bed Full Bath Half Bath
1 1058219569 1 1 1 0
2 1058219569 1 2 1 0
3 1058219569 1 2 1 0
4 1058219569 1 2 1 0

Property Details

 

Water/Sewer

Water Source : Public

Sewer : Public Sewer

Building Information

Year Built: 1924

Building Area Total: 3,300

Accessibility Features

Parking

Pool Features

None

Laundry Features

None

Lot Details

Lot Dimensions Source: Vendor Enhanced

Lot Size Acres: 0.138

Lot Size Source: Assessor

Lot Size Square Feet: 6011

Listing Price Information

Original List Price: 750,000

Listing Contract Date: 2023-12-20

Lease Information

Listing Agreement: Exclusive Right To Sell

Tax Information

Parcel Number: 5111024013

Garage and Parking

Homeowners Association

Rental Info

Lease Term: Negotiable

Tenant Pays: Electricity,Gas,Trash Collection

Other Property Info

Source Listing Status: Active

Source Neighborhood: C42 - Downtown L.A.

Postal Code Plus 4: 1012

Directions: MLK and Main St

Zoning: LAC2

Source Property Type: Residential Income

Area: C42 - Downtown L.A.

Property SubType: Quadruplex

Building and Construction

Property Age: 100

Common Walls: No Common Walls

Structure Type: Quadruplex

Year Built Source: Assessor

Entry Level: 1

Entry Location: 1

Levels or Stories: Two

Building Total Stories: 2

Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
110 W 48th Street, Los Angeles, CA,90037 $479,800 2 2 1,134 2400 Sqft
4225 Van Buren Place, Los Angeles, CA,90037 $849,900 4 2 1,645 5992 Sqft
5116 S Budlong Avenue, Los Angeles, CA,90037 $1,100,000 5 4 3,632 5520 Sqft
232 W 49th Street, Los Angeles, CA,90037 $699,999 4 2 1,744 5447 Sqft
4125 S Figueroa Street .., Los Angeles, CA,90037 $329,000 1 1 542 39267 Sqft
3913 S Budlong Avenue, Los Angeles, CA,90037 $1,699,000 6 -- 3,690 10432 Sqft
602 W 40th Place #3, Los Angeles, CA,90037 $1,799,999 10 5 3,692 6750 Sqft
1115 W 41st Street, Los Angeles, CA,90037 $929,900 3 2 2,182 6352 Sqft
4529 S Vermont Avenue, Los Angeles, CA,90037 $2,050,000 4 -- 6,750 8014 Sqft
140 W 47th Street, Los Angeles, CA,90037 $725,000 5 -- 1,740 5648 Sqft

Copyright © 2024 by the Multiple Listing Service of the California Regional MLS®. This information is believed to be accurate but is not guaranteed. Subject to verification by all parties. This data is copyrighted and may not be transmitted, retransmitted, copied, framed, repurposed, or altered in any way for any other site, individual and/or purpose without the express written permission of the Multiple Listing Service of the California Regional MLS®. Information Deemed Reliable But Not Guaranteed. Any use of search facilities of data on this site, other than by a consumer looking to purchase real estate, is prohibited.

ByOwner last updated this listing 05/30/2024 @ 12:31

MLS: PW24006462
LISTED BY: Jeff Anderson, eXp Realty of California Inc
SOURCE: CRMLS
Buyer Agency Description: The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed and if applicable, to participants of reciprocating MLS's as set forth in Association/MLS reciprocal agreements.

Selling? Save $44,501 when you sell a home like this

Learn More about this Property
Message allows only 500 character

Don't Pay 6% Commistion