1901 W Martin Luther King Jr Boulevard Los Angeles, CA ^$ 1,500,000

1901 W Martin Luther King Jr Boulevard

^$ 1,500,000

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1901 W Martin Luther King Jr Boulevard

Los Angeles, CA, 90062

^$ 1,500,000

Bedrooms45 Baths45.0 Sq 5,602

Monthly Estimate*

^$ 10,478

Listed by Compass

1901 W Martin Luther King Jr Boulevard, Los Angeles, CA 90062 - Image 1

1901 W Martin Luther King Jr Boulevard, Los Angeles, CA 90062 - Image 2

1901 W Martin Luther King Jr Boulevard, Los Angeles, CA 90062 - Image 3

1901 W Martin Luther King Jr Boulevard, Los Angeles, CA 90062 - Image 4

1901 W Martin Luther King Jr Boulevard, Los Angeles, CA 90062 - Image 5

Multi-Family Home for sale in Los Angeles, CA

for $1,500,000 with 45 bedrooms and 45 full baths. This 5,602 square foot home was built in 1953 on a lot size of 0.2069.

Opportunity knocks – excellent investment property! 1901 W MLK is a 9-unit multi-family complex located in the heart of Los Angeles in the desirable Leimert Park neighborhood. All units are 1 bed, 1 bath for a total SF of 5,602 on a large corner lot of 9,012 SF – which is $177,777 per door. Earthquake retrofit and new roof completed 18 months ago cost was 100K. Includes on-site parking for tenants. Conveniently located close to shops and restaurants, the USC campus, DTLA, and with great freeway access.

Multi-Family Active

Price

^$ 1,500,000

Bedrooms

Full Bath

Property Type

Multi-Family

Taxes

^$ 0

Style

Apartment

Lot Size

0.2069

Year Built

1953

Town/City

Los Angeles

County/Region

Los Angeles

MLS | Web ID

PV23188129

Days on Market

211

Features

General

Sewer PublicSewer

Zoning LARD1.5

Garage Spaces 3.0

Pool Features None

Year Built 1953

Stories 2

Levels Two

Property SubType Apartment

Gross Income 47760.0

Community Features Curbs StreetLights Sidewalks

County Los Angeles

Net Operating Income 57605.0

Operating Expense 17155.0

Insurance Expense 3159.0

New Construction N

Property Type ResidentialIncome

HOA / Comm Assn N

Attached Garage N

Garage Y/N Y

Special Listing Conditions Standard

Status Active

Directions Corner of W MLK Jr Blvd & Gramercy

City Los Angeles

Entry Location front

View Y/N N

Senior Community Y/N N

Total Units 9

MLS Area PHHT - Park Hills Heights

Lot Size Square Feet 9012.0

Private Pool N

Waterfront Y/N N

Carport Y/N N

Street Name Martin Luther King Jr

Listing Terms CashtoNewLoan Item1031Exchange

Property Attached Y/N Y

Land Lease Y/N N

Electric Expense 0.0

Home Warranty Y/N N

Fuel Expense 0.0

Trash Expense 3011.0

Water Sewer Expense 4930.0

Lease Renewal Y/N N

Additional Parcels Y/N N

Lease Considered Y/N N

Rent Control Y/N Y

Days on Market 183

Building Area Units SquareFeet

Standard Status Active

Year Built Source Assessor

Tax Lot 169

Property Sub Type Additional Apartment

Exterior

Lot Features Item610UnitsAcre FrontYard

Water Source Public

Total Parking 3.0

Lot Size Area 9012.0

Number of Buildings 1

Spa N

Building Area Total 5602.0

Lot Size Acres 0.2069

Lot Size Units SquareFeet

Lot Size Source Assessor

Number of Separate Water Meters 1

Number of Separate Gas Meters 9

Number of Separate Electric Meters 9

Crops Included Y/N N

Open Parking Y/N N

Horse Y/N N

Irrigation Water Rights Y/N N

Interior

Total Stories 2

Common Walls Item2CommonWalls

Basement (Y/N) N

Air Conditioning Y/N N

Heating Y/N N

Fireplace Y/N N

Street Suffix Boulevard

Laundry Features CommonArea

Entry Level 1

Electric On Property Y/N N

Internal Only

Street Number 1 1901

* Excluded Features

List By

Compass

Broker

(310) 373-1584

Phone

Affordability Calculator

$10,478

Per Month

Monthly Principal & Interest: $10,478
Monthly Property Taxes: --
Monthly Home Insurance: --

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Loan Term

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Yearly Home Insurance

Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Multi-family listings in Los Angeles, CA

Average List Price ^$1,989,624

Percent of Sale Price 33%

About Los Angeles, CA

3,920,026 Population

6% Since 2002

^$55,057 Median Income

36.82 Median Age

27% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

273443 Elementary School

272636 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
3/4/2024	$1,500,000	-6.25%	Price Down
11/12/2023	$1,600,000	-5.88%	Price Down
10/11/2023	$1,700,000		Listed Price

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1901 W Martin Luther King Jr Boulevard, Los Angeles, CA, 90062 is a Multi-Family Home for sale at $1,500,000 with 5,602 sqft and a lot size of 0.2069. 1901 W Martin Luther King Jr Boulevard has 45 bedrooms, 45.0 baths, and was built in 1953. The property's zip code is 90062 which is in Los Angeles, CA

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Listing data provided courtesy of the Internet Data Exchange Program of the California Regional Multiple Listing Service, Inc..

Based on information from California Regional Multiple Listing Service, Inc. as of 5/6/2024. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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1901 W Martin Luther King Jr Boulevard

Multi-Family Home for sale in Los Angeles, CA

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