$2,595,000
1951 W Martin Luther King Jr BLVD Los Angeles, CA 90062
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REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
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$2,595,000
Est. payment /mo
8 Beds
8 Baths
4,762 SqFt
UPDATED:
10/29/2024 05:18 PM
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 4,762 sqft
Price per Sqft $544
MLS Listing ID 24423085
Bedrooms 8
HOA Y/N No
Year Built 1923
Lot Size 8,912 Sqft
Property Description
1951 W. Martin Luther King Jr Boulevard is an 8-unit apartment complex in the Leimert Park neighborhood of Los Angeles. The property offers a diverse unit mix of four (4) studio units and four (4) two-bedroom units spread across 4,762 rentable square feet. Seven of the eight units have been completely remodeled with brand new electrical, plumbing and mechanical systems. The units are also sub-metered for gas, electric, and water which results in an extremely low utility expense profile for a new owner. The asset offers strong cash flow day-1 and approximately 14% rental upside.
Location
State CA
County Los Angeles
Area Phht - Park Hills Heights
Zoning LARD1.5
Interior
Heating Wall Furnace
Fireplace No
Appliance Dishwasher, Microwave, Dryer
Exterior
Garage Assigned
Parking Type Assigned
Total Parking Spaces 10
Building
Story 2
Entry Level Multi/Split
Level or Stories Multi/Split
New Construction No
Others
Senior Community No
Tax ID 5035006011
Special Listing Condition Standard
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Listed by Andres Diaz • Keller Williams Downtown LA
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