1901 West Martin Luther King Jr Boulevard

Los Angeles, CA 90062

$1,400,000
Price
9
Beds
5,602 Sq. Ft.
$250 / Sq. Ft.
5,602
Sq. Ft.
$250
per Sq. Ft.

Description

Opportunity knocks – excellent investment property! 1901 W MLK is a 9-unit multi-family complex located in the heart of Los Angeles in the desirable Leimert Park neighborhood. All units are 1 bed, 1 bath for a total SF of 5,602 on a large corner lot of 9,012 SF – which is $177,777 per door. Earthquake retrofit and new roof completed 18 months ago cost was 100K. Includes on-site parking for tenants. Conveniently located close to shops and restaurants, the USC campus, DTLA, and with great freeway access.Opportunity knocks – excellent investment property! 1901 W MLK is a 9-unit multi-family complex located in the heart of Los Angeles in the desirable Leimert Park neighborhood. All units are 1 bed, 1 bath for a total SF of 5,602 on a large corner lot of 9,012 SF – which is $177,777 per door. Earthquake retrofit and new roof completed 18 months ago cost was 100K. Includes on-site parking for tenants. Conveniently located close to shops and restaurants, the USC campus, DTLA, and with great freeway access.

Listing Agent

  1. Steve Smith

    Steve Smith

    Listing Agent

    Compass

    DRE #01100068

Property Details for 1901 West Martin Luther King Jr Boulevard

Parking Spaces Total
3
Private Pool
No
Total Units
9.0
Building Type
Attached
Lot Size Source
Assessor
Living Area
5602
Assessor Parcel Number
5035-006-020
Property Attached YN
true
LISTING UPDATED: 09/21/2024 10:06 PM

Property Details for 1901 West Martin Luther King Jr Boulevard

StatusActive
MLS #PV23188129
Days on Market364
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1953
CountyLos Angeles County

Building Information for 1901 West Martin Luther King Jr Boulevard

Building/Complex1901 W Martin Luther King Jr BlvdFloor-Stories2Residences-Pet Policy-Year Built1953Building Size-

Property Information for 1901 West Martin Luther King Jr Boulevard

Income / Expense / Tax Details
Income Details
  • Gross Income: $47,760
  • Gross Scheduled Income: $74,760
  • Net Operating Income: $57,605
Expense Details
  • Operating Expense: $17,155
  • Fuel Expense: $0
  • Electric Expense: $0
  • Insurance Expense: $3,159
  • Professional Management Expense: $0
  • Trash Expense: $3,011
  • Water Sewer Expense: $4,930
  • Total Expenses: $17,155
Tax / Assessment Info
  • Tax Tract Number: 4463
  • Tax Census Tract: 2314.00
  • CFD/Mello-Roos Fee: $0
  • Tax Lot: 169
Community / Development
Community / Development
  • Community Features: Curbs, Sidewalks, Street Lights
Property / Structure Info
Interior Features
  • Laundry: Yes
  • Laundry Features: Community
Exterior Features
  • Entry Location: front
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
Land/Lot Info
  • Lot Features: 6-10 Units/Acre, Front Yard
  • Number Of Units: 9
  • Land Lease: No
  • Land Lease Type: Fee
  • Levels: Two
  • Water: Public
  • Sewer: Public Sewer
  • Water Source: Public
Parking Info
  • Garage Spaces: 3
  • Parking Garage Spaces: 3
  • Carport Spaces: 0
Unit Information
Unit 1
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 0
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: Yes
  • Unit Type Actual Rent: $740
  • Unit Type Total Rent: $740
  • Unit Type Pro Forma: 1400
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 2
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 0
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: Yes
  • Unit Type Actual Rent: $690
  • Unit Type Total Rent: $690
  • Unit Type Pro Forma: 1400
  • Unit Type Type: 2
Unit 3
  • Unit Type Units Total: 3
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 0
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: Yes
  • Unit Type Actual Rent: $0
  • Unit Type Total Rent: $0
  • Unit Type Pro Forma: 1400
  • Unit Type Type: 3
Unit 4
  • Unit Type Units Total: 4
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 0
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: Yes
  • Unit Type Actual Rent: $850
  • Unit Type Total Rent: $850
  • Unit Type Pro Forma: 1400
  • Unit Type Type: 4
Unit 5
  • Unit Type Units Total: 5
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 0
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: Yes
  • Unit Type Actual Rent: $710
  • Unit Type Total Rent: $710
  • Unit Type Pro Forma: 1400
  • Unit Type Type: 5
Unit 6
  • Unit Type Units Total: 6
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 0
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: Yes
  • Unit Type Actual Rent: $620
  • Unit Type Total Rent: $620
  • Unit Type Pro Forma: 1400
  • Unit Type Type: 6
Unit 7
  • Unit Type Units Total: 7
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 0
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: Yes
  • Unit Type Actual Rent: $850
  • Unit Type Total Rent: $850
  • Unit Type Pro Forma: 1400
  • Unit Type Type: 7
Unit 8
  • Unit Type Units Total: 8
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 0
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: Yes
  • Unit Type Actual Rent: $610
  • Unit Type Total Rent: $610
  • Unit Type Pro Forma: 1400
  • Unit Type Type: 8
Unit 9
  • Unit Type Units Total: 9
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 0
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: Yes
  • Unit Type Actual Rent: $0
  • Unit Type Total Rent: $0
  • Unit Type Pro Forma: 1400
  • Unit Type Type: 9
Unit Information
  • Rent Controlled: Yes
  • Number Of Buildings: 1
  • Number Of Separate Electric Meters: 9
  • Number Of Separate Gas Meters: 9
  • Number Of Separate Water Meters: 1

Property History for 1901 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 1901 West Martin Luther King Jr Boulevard

Taxable ValueLand$43,707Additions$81,694Total$125,401
Tax Record2024$2,793 ($233 / month)
Home Facts
Total Finished SqFt5,602 SqFtAbove Grade Finished SqFt5,602 SqFtLot Size9,012 SqFtStyleMulti-Family Res (5+ Units)Year Built1953ZoningLARD1.5CountyLOS ANGELESAPN5035-006-020

Schools near 1901 West Martin Luther King Jr Boulevard

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 11
Public - 9 to 12
Charter - 5 to 8
Rating
School
Distance
Martin Luther King Jr. Elementary School
PublicK to 5

Barack Obama Global Preparation Academy
Public6 to 11

KIPP Scholar Academy
Charter5 to 8

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.

Similar Homes

Sorry, we can't find any similar homes at this time. Please check back later.

Similar Sold Homes

Sorry, we can't find any similar sold homes at this time. Please check back later.

1901 West Martin Luther King Jr Boulevard is a multi-family home for sale in Los Angeles, CA 90062. This property was listed for sale on October 9, 2023 by Compass, it's currently listed at $1,400,000. This listing's school district is Los Angeles Unified School District. Nearby schools include Martin Luther King Jr. Elementary School, Barack Obama Global Preparation Academy and Crenshaw Science, Technology, Engineering, Math And Medicine Magnet. 1901 West Martin Luther King Jr Boulevard is a 9-bed, 0-bath, 5,602 sqft multi-family home built in 1953.

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. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Compass, Steve Smith, DRE #01100068

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.