$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 Inc

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!

Facts & Features

MLS® # PW24006462
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
Area C42 - Downtown L.A.
City Los Angeles
County Los Angeles
Zip Code 90037

Amenities

Parking Spaces 4
Is Waterfront No
Has Pool No
Pool None

Interior

Has Basement No
Fireplace No
# of Stories 2
Stories Two

Exterior

Lot Description Near Public Transit

Additional Information

Date Listed December 20th, 2023
Days on Market 107
Zoning LAC2
Foreclosure No
Short Sale No
RE / Bank Owned No

Listing Details

AgentJeff Anderson
OfficeeXp Realty of California Inc

Listing Map

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