fbpx

$750,000
7 bed
4 bath
0 Sqft
6,011 Sqft lot

172 W Martin Luther King Junior Boulevard, Los Angeles, California 90037

  • Residential Income Property Type
  • 4 Days Time on market
  • 1924 Year Built
Property Description

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!

Basic Details
Residential Income
Buy
PW24006462
$750,000
7
4
0 Sqft
1924
6,011 Sqft
Activeundercontract
Quadruplex
Multi-family
Features
: Sidewalks
4
$0
: Public Sewer
Address
CA
Los Angeles
Los Angeles
90037
172 W Martin Luther King Junior Boulevard
172
0
W119° 43' 27.3''
N34° 0' 38.8''
W
Additional Information
4
1
2
2
: Two
0
3,300 Sqft
1
0 Sqft
0 Sqft
0.14 Sqft
6,011 Sqft
1
: No Common Walls
0 Sqft
LAC2
5111024013
$0
$0
$0
$4,800
1
$0
$0
0 Sqft
1
0 Sqft
$0
1
13/05/2024 00:00:00
$825,000
: Standard
Cash,CashtoNewLoan,Conventional
MLK and Main St
Destrahan
Harry Hurst
eXp Realty of California Inc
Jeff Anderson
PB22090
PANDEJEF
: Parking
$0
5.5
118
1
: Near Public Transit
1
: Square Feet
yes
2
4
4
1
4
8
0
US-06037-N-5111024013-R-N
Quadruplex
21/03/2024 17:21:13
Martin Luther King Junior Boulevard
C42 - Downtown L.A.
Mortgage Calculator
$
$ %
years
%
$ %per year
$ %per year

$