1861 W Martin Luther King Jr Boulevard
Los Angeles, CA 90062
3
Bed
2
Bath
10,425Sqft(Lot)
1861 W Martin Luther King Jr Blvd presents an attractive opportunity to acquire a 12-unit multifamily property in Los Angeles, offered at $1,895,000. The property features a desirable unit mix of (11) 1 Bed/1 Bath units and (1) 2 Bed/1 Bath unit, complemented by 8 on-site parking spaces and a generously sized lot exceeding 10,000 square feet. The property offers strong in-place returns with a 7.56% cap rate and 8.12 GRM, providing investors with an attractive day-one yield and additional upside through future rent optimization. Four units are currently occupied by subsidized tenants, providing a portion of the property’s income from government-supported rental programs. Ideally situated in Los Angeles’ 90062 submarket, 1861 W Martin Luther King Jr Blvd offers convenient access to major emp
Property Details
Map
Map
What's Nearby
Nearby Areas
Features
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Building Information
Year Built: 1954Building Area Total: 7404Pool Features: NonePrivate Pool: No
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Lot Information
Main Square Feet: 10425 Lot Size Acres: 0.2393 Lot Size Source: Assessor Lot Size Square Feet: 10,425 Lot Description: ZeroToOneUnitAcre
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Listing Price Information
Listing Price: $1895000Cash, CashToNewLoan, Conventional, Contract
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Tax Information
Parcel Number: 5035007012 Tax Lot: 75
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Parking Information
Parking Total: 8Garage Information
Has Garage: Yes Garage Space: 8
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Location Information
Direction: east of Arlington Ave and west of Western Ave WaterSource: Public
How much is this property worth?
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Nearby Home Value
| Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
|---|---|---|---|---|---|
| 1723 Browning Blvd., Los Angeles, CA, 90062 | $649,900 | 2 | 2 | 1,768 | 6,715 Sq. Ft |
| 3936 Brighton, Los Angeles, CA, 90062 | $1,500,000 | 2 | 1 | -- | 6,750 Sq. Ft |
| 4034 Brighton Ave, Los Angeles, CA, 90062 | $885,000 | 4 | 3 | -- | 6,963 Sq. Ft |
| 1493 W 47th, Los Angeles, CA, 90062 | $1,200,000 | 6 | 4 | -- | 5,717 Sq. Ft |
| 4129 La Salle, Los Angeles, CA, 90062 | $679,000 | 1 | 1 | -- | 5,860 Sq. Ft |
| 4284 La Salle Avenue, Los Angeles, CA, 90062 | $1,249,000 | 6 | 5 | -- | 6,122 Sq. Ft |
| 1457 W 52nd, Los Angeles, CA, 90062 | $895,000 | 4 | 4 | -- | 5,981 Sq. Ft |
| 1631 W 38th, Los Angeles, CA, 90062 | $750,000 | 2 | 3 | -- | 5,403 Sq. Ft |
| 4218 S Harvard, Los Angeles, CA, 90062 | $1,075,000 | 6 | 4 | 3,577 | 5,722 Sq. Ft |
| 1614 W 39th Place, Los Angeles, CA, 90062 | $1,149,000 | 9 | 6 | -- | 5,391 Sq. Ft |
Similar Multifamily To 1861 W Martin Luther King Jr Boulevard
Nearby For Sale
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ByOwner last updated this listing 10/09/2026 @ 09:28
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