Los Angeles, CA 90037,1336 W Martin Luther King Jr BLVD
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$ 1,050,000
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1336 W Martin Luther King Jr BLVD Los Angeles, CA 90037

6,403 Sqft Lot


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Key Details

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Active

Purchase Type For Sale

MLS Listing ID DW25145544

HOA Y/N No

Year Built 1923

Lot Size 6,403 Sqft

Property Sub-Type Quadruplex

Property Description

Large 4 unit property located in a high demand OPPORTUNITY ZONE. Spacious building with over 4,000 sqft of living space built in 1923. It features 4 large-1 bedroom units just about 1,030 sqft each with spacious living rooms, kitchen and laundry area inside each unit. Additionally, there is significant upside with the possibility of adding an Accessory Dwelling Unit (ADU) in the back yard with alley access.
All units are tenant occupied with a generous rental upside $49,668/annually (+/- 4.73% CAP Rate, +/-21.14 GRM).
Located near USC, iconic venues like the LA Memorial Coliseum, BMO Stadium, Natural History Museum, California African American Museum, Rose Garden, California Science Center, Shrine Auditorium & Expo Hall, Galen Center, and major Olympic event locations, this property is perfectly remodeled and positioned to capitalize on increased demand for housing during and beyond the Games. Don't miss out on this chance to secure a property in one of LA's hottest neighborhoods before the world arrives!

Location

State CA

County Los Angeles

Area C34 - Los Angeles Southwest

Zoning LAR3

Interior

Fireplace No

Laundry Inside

Exterior

Parking Features Assigned

Garage Spaces 8.0

Garage Description 8.0

Pool None

Community Features Suburban

Utilities Available Sewer Not Available

Total Parking Spaces 8

Private Pool No

Building

Lot Description Back Yard

Story 2

Entry Level Two

Sewer None

Water Public

Level or Stories Two

New Construction No

Others

Senior Community No

Tax ID 5020001008

Acceptable Financing Cash, Conventional, 1031 Exchange, Owner May Carry

Listing Terms Cash, Conventional, 1031 Exchange, Owner May Carry

Special Listing Condition Standard


CRMLS – RECore
Listed by Danny Navarro Century 21 Allstars 949-903-6633
agent

John Hickey

Agent | License ID: 00985364

+1(818) 434-6696

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1336 W Martin Luther King Jr BLVD