2834 West Martin Luther King Jr Boulevard

Los Angeles, CA 90008

$925,000
Last Sold Price
5
Beds
3
Baths
3,464 Sq. Ft.
$267 / Sq. Ft.
3,464
Sq. Ft.
$267
per Sq. Ft.

Description

Upside potential. 3 units, all tenant occupied. 2- 1 bedroom 1 bath units downstairs with some upgrades completed. 1- 3 bedroom 1 bath unit upstairs. Exterior recently painted. 3- 1 car garages at rear of property with alley access. Drive by only. Subject to interior inspection. Do not disturb tenants. Close to public transportation, shops, stores, schools and houses of worship. Covid19 rules and precautions apply.Upside potential. 3 units, all tenant occupied. 2- 1 bedroom 1 bath units downstairs with some upgrades completed. 1- 3 bedroom 1 bath unit upstairs. Exterior recently painted. 3- 1 car garages at rear of property with alley access. Drive by only. Subject to interior inspection. Do not disturb tenants. Close to public transportation, shops, stores, schools and houses of worship. Covid19 rules and precautions apply.
  1. Listed by Kathleen Becker • DRE #01210203 • Brokerage DRE #00625377 • Berkshire Hathaway HomeServices California

Property Details for 2834 West Martin Luther King Jr Boulevard

Water Front
None
Zoning
LAR2
Style
Contemporary
Cross Streets
MARTIN LUTHER KING JR. AND CREED AVE.
Parcel Number
5023003011
Total Units
3.0
Living Area
3464
Source Living Area
Assessor

Location

Listing Courtesy of Berkshire Hathaway HomeServices California, Kathleen Becker, DRE #01210203

Sold By Skyline Realty, Edward Mc Shan II, DRE #01819125

Add your commute
LISTING UPDATED: 04/29/2021 12:02 PM

Property Details for 2834 West Martin Luther King Jr Boulevard

StatusSold
MLS #21-675264
Days on Market119
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1949
Lot Size0.15 AC / 6,337 SF
CountyLos Angeles County

Location

Listing Courtesy of Berkshire Hathaway HomeServices California, Kathleen Becker, DRE #01210203

Sold By Skyline Realty, Edward Mc Shan II, DRE #01819125

Add your commute

Building Information for 2834 West Martin Luther King Jr Boulevard

Stories2Residences-Year Built1949Building Size-Lot Size0.15 AC / 6,337 SF

Payment Calculator

$6,053 per month

30 year fixed, 7.25% Interest

Principal and Interest

$5,048

Property Taxes

$1,005

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 2834 West Martin Luther King Jr Boulevard

Community / Development
Community / Development
  • Tax Mello Roos: No
  • Number Of Units: 3
  • Amenities: None
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Assessor
  • Number Of Stories: 2
  • Number Of Buildings: 2
  • Type Of Units: Apartment
  • View: No
  • View Description: None
  • View: None
  • Security Features: None
  • Water: District
  • Sewer: In Connected and Paid, In Street
Contract Info
Contract Info
  • Probate: No
  • Financing: Cash, Cash To New Loan
  • Disclosures: As Is, Rent Control, Trust/Conservatorship
  • Listing Type: Exclusive Right To Sell
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Actual
  • Gross Operating Income: $48,600
  • Net Operating Income: $35,819.00
  • Gross Income: $48,600
  • Cap Rate: 4.00%
  • Gross Rent Multiplier: $16.83
  • Owner Pays: Gardener, Water
  • Total Annual Expense: 9290
  • Water Expense: $2,100.00
  • Tax Expense: $5,690
  • Insurance Expense: $1,500
Land / Lot Info
Land / Lot Info
  • Land Lease Type: Fee
  • Land Lease: No
  • Alley: Yes
  • Paved: Yes
  • Lot Acreage: 0.1455
  • Lot Size Square Feet: 6337
  • Lot Location: Alley Access, Near Public Transit, Ocean Access, Corner Lot, City
Parking Details
Parking Details
  • Parking Garage: Assigned, Garage Is Detached, Garage - 3 Car
  • Total Parking: 3
  • Covered Parking: 3
  • Parking Features: Assigned, Garage - Three Door
Interior Features
Interior Features
  • Levels: Multi/Split
  • Cooling: None
  • Cooling Type: None
  • Heating Type: Wall Gas
  • Equipment: Other
  • Common Walls: Attached
Exterior Features
Exterior Features
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 01-04-2021
  • Rent Control: Yes
  • Tenant Pays: Electricity, Gas, Trash Collection
Unit Details
Unit 1 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,200.00
  • Unit Actual Rent: $2,400.00
  • Unit Projected Rent: $3,100.00
  • Like Units: 2
Unit 2 Information
  • Unit Beds: 3
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,650.00
  • Unit Actual Rent: $1,650.00
  • Unit Projected Rent: $2,100.00
  • Like Units: 1
Unit Details
  • Unit Type Type: 2106, 2107
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $122,606.00
  • Assessed Improvement Percent: 29.99
  • Assessed Land Value: $286,269.00
  • Assessed Land Percent: 70.01
  • Assessed Total Value: $408,875.00

Property History for 2834 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 2834 West Martin Luther King Jr Boulevard

Taxable ValueLand$96,757Additions$865,612Total$962,369
Tax Record2023$12,063 ($1,005 / month)
Home Facts
Total Finished SqFt3,464 SqFtAbove Grade Finished SqFt3,464 SqFtLot Size6,337 SqFtStyleTriplexYear Built1949ZoningLAR2CountyLOS ANGELESAPN5023-003-011

Schools near 2834 West Martin Luther King Jr Boulevard

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Charter - K to 8
Public - 9 to 12
Charter - 9 to 12
Rating
School
Distance
Forty-Second Street Elementary School
PublicK to 5

New Heights Charter School
CharterK 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

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Similar Sold Homes

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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 Berkshire Hathaway HomeServices California, Kathleen Becker, DRE #01210203

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.