$750,000
172 Martin Luther King Junior Boulevard, Los Angeles 90037
7
Beds
4
Baths
6,011
Lot Size
4
# Of Units
Listing Agent
Jeff Anderson - eXp Realty of California IncSeize 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!
Facts & Features
MLS® # | PW24006462 |
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Price | $750,000 |
Bedrooms | 7 |
Bathrooms | 4.00 |
Lot Size | 6,011 |
Year Built | 1924 |
Type | Residential Income |
Sub-Type | Quadruplex |
Status | Active |
# Of Units | 4 |
Community Information
Address | 172 Martin Luther King Junior Boulevard |
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Area | C42 - Downtown L.A. |
City | Los Angeles |
County | Los Angeles |
Zip Code | 90037 |
Amenities
Parking Spaces | 4 |
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Is Waterfront | No |
Has Pool | No |
Pool | None |
Interior
Has Basement | No |
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Fireplace | No |
# of Stories | 2 |
Stories | Two |
Exterior
Lot Description | Near Public Transit |
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Additional Information
Date Listed | December 20th, 2023 |
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Days on Market | 107 |
Zoning | LAC2 |
Foreclosure | No |
Short Sale | No |
RE / Bank Owned | No |
Listing Details
Agent | Jeff Anderson |
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Office | eXp Realty of California Inc |