Los Angeles, CA 90037,172 W Martin Luther King Junior Boulevard

$670,000

Est. payment /mo

$750,000

10.7%
Est.Price: ?

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172 W Martin Luther King Junior Boulevard Los Angeles, CA 90037

6,011 Sqft Lot

SOLD DATE : 09/09/2024

Key Details

Sold Price $670,000

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Sold

Purchase Type For Sale

MLS Listing ID PW24006462

Year Built 1924

Lot Size 6,011 Sqft

Property Description

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!

Location

State CA

County Los Angeles

Area C42 - Downtown L.A.

Zoning LAC2

Interior

Laundry None

Exterior

Pool None

Community Features Sidewalks

Building

Lot Description Near Public Transit

Story 2

Sewer Public Sewer

Water Public

New Construction No

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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California Regional MLS (CRMLS)
Listed by Jeff Anderson • eXp Realty of California Inc • [email protected]
Bought with Stephen Shiu • STEPHEN SHIU, BROKER
agent

Charles Laird

Broker Associate | License ID: 6502364516

+1(248) 431-0544

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