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172 Martin Luther King Junior Boulevard
Los Angeles, CA 90037
Sold
172 Martin Luther King Junior Boulevard
Los Angeles, CA 90037
Sold
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!
PROPERTY INFORMATION
| MLS # | PW24006462 | Lot Size | 6,011 Sq. Ft. |
| HOA Fees | $0/Monthly | Property Type | Quadruplex |
| Price | $ 750,000
Price Per SqFt: $ 227 |
DOM | 473 Days |
| Address | 172 Martin Luther King Junior Boulevard | Type | Residential Income |
| City | Los Angeles | Sq.Ft. | 3,300 Sq. Ft. |
| Postal Code | 90037 | Garage | N/A |
| County | Los Angeles | Year Built | 1924 |
| Bed / Bath | 6 / 0 | Parking | 4 |
| Built In | 1924 | Status | Closed |
| Sold Date | 2024-09-09 |
INTERIOR FEATURES
| Has Laundry | No |
| Laundry Information | None |
| EntryLocation | 1 |
| Entry Level | 1 |
EXTERIOR FEATURES
| Has Pool | No |
| Pool | None |
WALKSCORE
MAP
MORTGAGE CALCULATOR
- Principal & Interest:
- Property Tax: $800
- Home Insurance:$119
- HOA Fees:$0
- Mortgage Insurance:
PRICE HISTORY
| Date | Event | Price |
| 09/09/2024 | Sold | $670,000 |
| 08/01/2024 | Pending | $750,000 |
| 06/10/2024 | Active Under Contract | $750,000 |
| 05/14/2024 | Active Under Contract | $750,000 |
| 03/19/2024 | Price Change | $750,000 (-9.09%) |
| 01/17/2024 | Listed | $825,000 |
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Listing provided courtesy of Jeff Anderson, eXp Realty of California Inc. Based on information from California Regional Multiple Listing Service, Inc. as of #Date#. 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.
