Jeremiah Moersch REALTOR®
Office: 760-533-2540
172 Martin Luther King Junior Boulevard, Los Angeles
$750,000
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7 Beds
4 Baths
.14 Acre
0 Garage
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!
Essential Information
- MLS® #
- PW24006462
- Price
- $750,000
- Bedrooms
- 7
- Bathrooms
- 4.00
- Acres
- 0.14
- Year Built
- 1924
- Type
- Residential Income
- Sub-Type
- Quadruplex
- Status
- Active
Community Information
- Area
- C42 - Downtown L.A.
- City
- Los Angeles
- County
- Los Angeles
- Zip Code
- 90037
- Community Features
- Sidewalks
- Senior Community
- N
Address
172 Martin Luther King Junior Boulevard
Amenities
- Parking Spaces
- 4
- Pool
- None
Interior
- # of Stories
- 2
- Stories
- Two
Exterior
- Lot Description
- Near Public Transit
Additional Information
- Date Listed
- December 20th, 2023
- Days on Market
- 102
- Zoning
- LAC2
Listing Details
- Agent
- Jeff Anderson
- Office
- eXp Realty of California Inc
Property History
Price Reduced from $825,000 to $750,000
LISTING MAP
Based on information from California Regional Multiple Listing Service, Inc. as of April 28th, 2024 at 8:35am PDT. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.