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172 W Martin Luther King Junior Boulevard Los Angeles, CA $ 750,000
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$ 750,000 Get more info
172 W Martin Luther King Junior Boulevard
$ 750,000
Back to search
Share Save

172 W Martin Luther King Junior Boulevard

Los Angeles, CA, 90037
$ 750,000
Bedrooms7 Baths4.0 Sq 3,300

Monthly Estimate*

$ 5,239

Listed by eXp Realty of California Inc
172 W Martin Luther King Junior Boulevard, Los Angeles, CA 90037 - Image 1
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Multi-Family Home for sale in Los Angeles, CA

for $750,000 with 7 bedrooms and 4 full baths. This 3,300 square foot home was built in 1924 on a lot size of 0.138.

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!

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Multi-Family Active

Price

$ 750,000

Bedrooms

7

Full Bath

4

Property Type

Multi-Family

Taxes

$ 0

Style

Quadruplex

Lot Size

0.138

Year Built

1924

Town/City

Los Angeles

County/Region

Los Angeles

MLS | Web ID

PW24006462

Days on Market

123
Features
General
Sewer PublicSewer
Zoning LAC2
HOA 0.0
Garage Spaces 0.0
Pool Features None
Year Built 1924
Tenant Pays Electricity Gas TrashCollection
Stories 2
Levels Two
Property SubType Quadruplex
Gross Income 0.0
Community Features Sidewalks
Accessibility Parking
County Los Angeles
Net Operating Income 36344.0
Operating Expense 23092.0
Insurance Expense 2400.0
New Construction N
Property Type ResidentialIncome
HOA / Comm Assn N
Attached Garage N
Contingency Buyer to cooperate with Sellers 1031 exchange no cost to the Buyer.
Garage Y/N N
Special Listing Conditions Standard
Status ActiveUnderContract
Directions MLK and Main St
City Los Angeles
Entry Location 1
View Y/N N
Senior Community Y/N N
Open Parking Spaces 4.0
Total Units 4
MLS Area C42 - Downtown L.A.
Lot Size Square Feet 6011.0
Private Pool N
Waterfront Y/N N
Carport Y/N N
Street Name Martin Luther King Junior Boulevard
Listing Terms Cash CashtoNewLoan Conventional
Property Attached Y/N N
Land Lease Y/N N
Electric Expense 0.0
Home Warranty Y/N N
Fuel Expense 0.0
Trash Expense 0.0
Water Sewer Expense 4800.0
Lease Renewal Y/N N
Additional Parcels Y/N N
Lease Considered Y/N N
Rent Control Y/N Y
Days on Market 118
Building Area Units SquareFeet
Standard Status ActiveUnderContract
Year Built Source Assessor
Tax Lot 8
Property Sub Type Additional Quadruplex
Taxes 10312.0
Cap Rate 5.5
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Exterior
Lot Features NearPublicTransit
Water Source Public
Total Parking 4.0
Lot Size Area 6011.0
Number of Buildings 2
Spa N
Building Area Total 3300.0
Lot Size Acres 0.138
Lot Size Units SquareFeet
Lot Size Source Assessor
Number of Separate Water Meters 1
Number of Separate Gas Meters 4
Number of Separate Electric Meters 4
Crops Included Y/N N
Open Parking Y/N N
Horse Y/N N
Irrigation Water Rights Y/N N
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Interior
Total Stories 2
Common Walls NoCommonWalls
Basement (Y/N) N
Air Conditioning Y/N N
Heating Y/N N
Fireplace Y/N N
Laundry Features None
Entry Level 1
Electric On Property Y/N N
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Internal Only
Street Number 1 172
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* Excluded Features
List By
Exp Realty Of California Inc

Broker

(562) 263-7983

Phone

Affordability Calculator

$5,239
Per Month
100%
0%
0%
Monthly Principal & Interest
$5,239
Monthly Property Taxes
--
Monthly 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
273443 Elementary School
272636 Middle School
Unknown High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
3/20/2024$750,000 -9.09% Price Down
1/17/2024$825,000 Listed Price

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172 W Martin Luther King Junior Boulevard, Los Angeles, CA, 90037 is a Multi-Family Home for sale at $750,000 with 3,300 sqft and a lot size of 0.138. 172 W Martin Luther King Junior Boulevard has 7 bedrooms, 4.0 baths, and was built in 1924. The property's zip code is 90037 which is in Los Angeles, CA

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