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

$750,000

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Presented By: Jeff Anderson with eXp Realty of California Inc; MLS@AndersonREG.com
  • MLS# PW24006462
  • 01/17/2024
  • Request Tour
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  • BedBeds • 7
  • BathBaths • 4
  • FootageSQFT • 3,300

Home Details

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!
Presented By: Jeff Anderson with eXp Realty of California Inc; MLS@AndersonREG.com

Interior Features for 172 W Martin Luther King Junior Boulevard

Other Interior Features

Air Conditioning Y/NNo
Basement (Y/N)No
Common WallsNoCommonWalls
Electric On Property Y/NNo
Fireplace Y/NNo
Heating Y/NNo
Laundry FeaturesNone
Total Stories2

Other Rooms

Entry Level1

General for 172 W Martin Luther King Junior Boulevard

AccessibilityParking
Additional Parcels Y/NNo
Attached Garage No
Building Area UnitsSquareFeet
Cap Rate5.5
Carport Y/NNo
CityLos Angeles
Community FeaturesSidewalks
ContingencyBuyer to cooperate with Sellers 1031 exchange, no cost to the Buyer.
CountyLos Angeles
Days on Market83
DirectionsMLK and Main St
Electric Expense0.0
Entry Location1
Fuel Expense0.0
Garage Spaces0.0
Garage Y/NNo
Gross Income0.0
HOA0.0
HOA / Comm AssnNo
Home Warranty Y/NNo
Insurance Expense2400.0
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
LevelsTwo
Listing TermsCash, CashtoNewLoan, Conventional
Lot Size Square Feet6011.0
MLS AreaC42 - Downtown L.A.
MaintenanceExpense4800.0
MobileHomeRemainsYNNo
Net Operating Income36344.0
New ConstructionNo
Open Parking Spaces4.0
Operating Expense23092.0
Pool FeaturesNone
Private PoolNo
Property Attached Y/NNo
Property Sub Type AdditionalQuadruplex
Property SubTypeQuadruplex
Property TypeResidentialIncome
Rent Control Y/NYes
Senior Community Y/NNo
SewerPublicSewer
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Stories2
Street NameMartin Luther King Junior Boulevard
Tax Lot8
Taxes$10,312
Tenant PaysElectricity, Gas, TrashCollection
Total Units4
Trash Expense0.0
View Y/NNo
Water Sewer Expense4800.0
Waterfront Y/NNo
Year Built1924
Year Built SourceAssessor
ZoningLAC2

Exterior for 172 W Martin Luther King Junior Boulevard

Building Area Total3300.0
Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot FeaturesNearPublicTransit
Lot Size Acres0.138
Lot Size Area6011.0
Lot Size SourceAssessor
Lot Size UnitsSquareFeet
Number of Buildings2
Number of Separate Electric Meters4
Number of Separate Gas Meters4
Number of Separate Water Meters1
Open Parking Y/NNo
SpaNo
Total Parking4.0
Water SourcePublic

Additional Details

Price History

1527188455

First Team Client Services

Price $750,000
MLS#PW24006462
List Date 01/17/2024
Property Type Multi-Family
Phone 714.964.3311
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CRMLS Compliance Statements & Disclaimers

*According to the National Association of Realtors