172 West Martin Luther King Jr Boulevard

Los Angeles, CA 90037

$750,000
Price
7
Beds
4
Baths
3,300 Sq. Ft.
$227 / Sq. Ft.
3,300
Sq. Ft.
$227
per Sq. Ft.

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...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!
  1. Listed by Jeff Anderson • DRE #01729514 • Brokerage DRE #01878277 • eXp Realty of California Inc • MLS@AndersonREG.com
  2. Listed by Juan Huizar • DRE #01417642 • Brokerage DRE #02163228 • Sage Real Estate

Property Details for 172 West Martin Luther King Jr Boulevard

View
Neighborhood
Parking Spaces Total
0
Private Pool
No
Cooling Type
N/K
Total Units
4.0
Building Type
Detached
Lot Size Source
Assessor
Living Area
3300

Location

Listing Courtesy of eXp Realty of California Inc, Jeff Anderson, DRE #01729514; Sage Real Estate, Juan Huizar, DRE #01417642
Add your commute
LISTING UPDATED: 03/30/2024 02:28 AM

Property Details for 172 West Martin Luther King Jr Boulevard

StatusActive
MLS #PW24006461
Days on Market107
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential
Year Built1924
CountyLos Angeles County

Location

Listing Courtesy of eXp Realty of California Inc, Jeff Anderson, DRE #01729514; Sage Real Estate, Juan Huizar, DRE #01417642
Add your commute

Building Information for 172 West Martin Luther King Jr Boulevard

Building/Complex172 W Martin Luther King Jr BlvdFloor-Stories2Residences-Pet Policy-Year Built1924Building Size-

Payment Calculator

$4,397 per month

30 year fixed, 7.25% Interest

Principal and Interest

$4,093

Property Taxes

$304

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 172 West Martin Luther King Jr Boulevard

Rental Info
Rental Info
  • Tenant Pays: Electricity, Gas, Trash Collection
Income / Expense / Tax Details
Income Details
  • Gross Income: $0
  • Gross Scheduled Income: $59,436
  • Net Operating Income: $36,344
  • Gross Multiplier: 12.62
  • Cap Rate: 5.5
Expense Details
  • Operating Expense: $23,092
  • New Taxes Expense: $10,312
  • Gardener Expense: $780
  • Fuel Expense: $0
  • Electric Expense: $0
  • Insurance Expense: $2,400
  • Maintenance Expense: $4,800
  • Trash Expense: $0
  • Water Sewer Expense: $4,800
  • Total Expenses: $23,092
Tax / Assessment Info
  • Tax Tract Number: A
  • CFD/Mello-Roos Fee: $0
  • Tax Lot: 8
Community / Development
Community / Development
  • Accessibility Features: Parking
  • Disability Access: Other Main Level Modifications
  • Assessments YN: Yes
  • Assessments: Unknown
  • Community Features: Sidewalks
Property / Structure Info
Interior Features
  • Equipment: N/K
  • Room Type: Kitchen, Living Room
  • Main Level Bathrooms: 1
  • Main Level Bedrooms: 1
  • Laundry: No
  • Laundry Features: None
  • Laundry Location: N/K
  • Fireplace Features: None
  • Fireplace Rooms: None
  • Fireplace: N/K
  • Cooling: None
Exterior Features
  • Entry Location: 1
  • Structure Type: Quadruplex
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
Land/Lot Info
  • Sign on Property: No
  • Lot Features: Near Public Transit
  • Lease Considered: No
  • Number Of Units: 4
  • Available For Lease: No
  • Land Lease: No
  • Land Lease Type: Fee
  • Levels: Two
  • Water: Public
  • Sewer: Public Sewer
  • Sewer/Septic: Public Sewer
  • Water Source: Public
Parking Info
  • Garage Spaces: 0
  • Uncovered Spaces: 4
  • Open Other Spaces Total: 4
  • Parking Garage Spaces: 0
  • Carport Spaces: 0
Property / Structure Info
  • Residential Styles: All Other Attached
  • Residential Unit Location: No Common Walls
Unit Information
Unit 1
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $1,292
  • Unit Type Total Rent: $1,292
  • Unit Type Pro Forma: 2150
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $1,420
  • Unit Type Total Rent: $1,420
  • Unit Type Pro Forma: 2750
  • Unit Type Type: 2
Unit 3
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $1,350
  • Unit Type Total Rent: $1,350
  • Unit Type Pro Forma: 2750
  • Unit Type Type: 3
Unit 4
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $891
  • Unit Type Total Rent: $891
  • Unit Type Pro Forma: 2150
  • Unit Type Type: 4
Unit Information
  • Rent Controlled: Yes
  • Number Of Buildings: 2
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1

Property History for 172 West Martin Luther King Jr Boulevard

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 172 West Martin Luther King Jr Boulevard

Taxable ValueLand$116,980Additions$147,766Total$264,746
Tax Record2023$3,643 ($304 / month)
Home Facts
Total Finished SqFt1,952 SqFtAbove Grade Finished SqFt1,952 SqFtLot Size6,000 SqFtStyleTriplexYear Built1924ZoningLAC2CountyLOS ANGELESAPN5111-024-013

Schools near 172 West Martin Luther King Jr Boulevard

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 1
Public - 2 to 5
Public - 6 to 8
Public - 9 to 12
Rating
School
Distance
Maple Primary Center
PublicK to 1

Trinity Street Elementary School
Public2 to 5

William Jefferson Clinton Middle School
Public6 to 8

Thomas Jefferson Senior High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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172 West Martin Luther King Jr Boulevard is a multi-family home for sale in Los Angeles, CA 90037. This property was listed for sale on December 20, 2023 by eXp Realty of California Inc, it's currently listed at $750,000. It has been on the market for a total of 107 days and was last sold on November 2, 2010. This listing's school district is Los Angeles Unified School District. Nearby schools include Maple Primary Center, Trinity Street Elementary School and William Jefferson Clinton Middle School. 172 West Martin Luther King Jr Boulevard is a 7-bed, 4-bath, 3,300 sqft multi-family home built in 1924.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of eXp Realty of California Inc, Jeff Anderson, DRE #01729514; Sage Real Estate, Juan Huizar, DRE #01417642

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.