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1861 Martin Luther King Jr Boulevard
Los Angeles, CA 90062
Sold
1861 Martin Luther King Jr Boulevard
Los Angeles, CA 90062
Sold
1861 W MLK is located in the heart of the highly sought after and thinly traded Leimert Park market. Offered at only $192,250 per door, and 2 units will be delivered vacant for the next owner to remodel to their standards & hand-pick their own tenants. 12.29 GRM on current rents with approximately 40% rental upside. This 1950's building has plenty of on-site & gated reserved parking for tenants, along with an on-site laundry room for tenants to use + bring in additional monthly income. Great mix of (11) 1+1's and (1) 2+1, and no Studios/Singles/Bachelors. Separately metered for gas & electricity. **This property is part of a 3-building portfolio with 211 E 55th Street (9 Units) and 709 E 49th Street (2 Units). All 3 can be bought together or separate.**
PROPERTY INFORMATION
| MLS # | 23305587 | Lot Size | 10,007 Sq. Ft. |
| HOA Fees | $0/Monthly | Property Type | N/A |
| Price | $ 2,295,000
Price Per SqFt: $ 310 |
DOM | 614 Days |
| Address | 1861 Martin Luther King Jr Boulevard | Type | Residential Income |
| City | Los Angeles | Sq.Ft. | 7,404 Sq. Ft. |
| Postal Code | 90062 | Garage | N/A |
| County | Los Angeles | Year Built | 1954 |
| Bed / Bath | 13 / 0 | Parking | 8 |
| Built In | 1954 | Status | Closed |
| Sold Date | 2024-04-23 |
INTERIOR FEATURES
| Has Laundry | Yes |
| Laundry Information | Dryer Included |
| Has Appliances | Yes |
| Has Heating | Yes |
| Heating Information | Wall Furnace |
| SecuritySafety | Gated Community |
EXTERIOR FEATURES
WALKSCORE
Walk Score: 80 (Very Walkable)
Transit Score: 59 (Good Transit)MAP
MORTGAGE CALCULATOR
- Principal & Interest:
- Property Tax: $2,448
- Home Insurance:$119
- HOA Fees:$0
- Mortgage Insurance:
PRICE HISTORY
| Date | Event | Price |
| 10/15/2023 | Pending | $2,295,000 |
Topfind Realty
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(844)-333-8033
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Listing provided courtesy of Jonathan Rawson, Avenue Realty Group. 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.
