$670,000
$750,000
10.7%For more information regarding the value of a property, please contact us for a free consultation.
172 W Martin Luther King Junior Boulevard Los Angeles, CA 90037
7 Beds
4 Baths
3,300 SqFt
Key Details
Sold Price $670,000
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Sold
Purchase Type For Sale
Square Footage 3,300 sqft
Price per Sqft $203
MLS Listing ID PW24006461
Bedrooms 7
Full Baths 4
Year Built 1924
Lot Size 6,011 Sqft
Property Description
Seize this rare chance to own a lucrative 4-plex priced at $825,000, 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 a short distance 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 $57,156, making this 4-plex an outstanding investment choice. Don't miss out on this gem in a prime location!
Location
State CA
County Los Angeles
Area C42 - Downtown L.A.
Zoning LAC2
Interior
Cooling None
Fireplaces Type None
Laundry None
Exterior
Pool None
Community Features Sidewalks
View Y/N Yes
View Neighborhood
Building
Lot Description Near Public Transit
Story 2
Sewer Public Sewer
Water Public
New Construction No
Schools
School District Los Angeles Unified
Others
Acceptable Financing Cash, Cash to New Loan, Conventional
Listing Terms Cash, Cash to New Loan, Conventional
Special Listing Condition Standard
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Bought with Stephen Shiu • STEPHEN SHIU, BROKER