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1951 Martin Luther King Jr Boulevard
Los Angeles, CA 90062
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.
PROPERTY INFORMATION
| MLS # | 24423085 | Lot Size | 8,912 Sq. Ft. |
| HOA Fees | $0/Monthly | Property Type | N/A |
| Price | $ 2,595,000
Price Per SqFt: $ 545 |
DOM | 276 Days |
| Address | 1951 Martin Luther King Jr Boulevard | Type | Residential Income |
| City | Los Angeles | Sq.Ft. | 4,762 Sq. Ft. |
| Postal Code | 90062 | Garage | N/A |
| County | Los Angeles | Year Built | 1923 |
| Bed / Bath | 8 / 0 | Parking | 10 |
| Built In | 1923 | Status | Active |
INTERIOR FEATURES
| Has Laundry | Yes |
| Laundry Information | Dryer Included |
| Has Appliances | Yes |
| Kitchen Appliances | Dishwasher, Microwave |
| Has Heating | Yes |
| Heating Information | Wall Furnace |
EXTERIOR FEATURES
WALKSCORE
MAP
MORTGAGE CALCULATOR
- Principal & Interest:
- Property Tax: $2,768
- Home Insurance:$119
- HOA Fees:$0
- Mortgage Insurance:
PRICE HISTORY
| Date | Event | Price |
| 08/02/2024 | Listed | $2,595,000 |
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Listing provided courtesy of Andres Diaz, Keller Williams Downtown LA. 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.
