1951 W Martin Luther King Jr Boulevard

Los Angeles, CA 90062

$2,595,000

List Price

8

bed Beds

8

shower Baths

4,762 sqft

straighten / sqft

1923

calendar_month Built

Property Description

1951 W. Martin Luther King Jr Boulevard is an 8-unit apartment complex in the Leimert Park neighborhood of Los Angeles. The property offers a diverse unit mix of four (4) studio units and four (4) two-bedroom units spread across 4,762 rentable square feet. Seven of the eight units have been completely remodeled with brand new electrical, plumbing and mechanical systems. The units are also sub-metered for gas, electric, and water which results in an extremely low utility expense profile for a new owner. The asset offers strong cash flow day-1 and approximately 14% rental upside.

Listing Information

List Price $2,595,000
Status Active
MLS 24423085
Type Residential Income
Year Built 1923
Lot Size 8,912
Structure Size 4,762
DOM 89
Courtesy Of Keller Williams Downtown LA
Listing Agent Andres Diaz DRE#01956479
Co-Listing Agent Julian Bloch DRE#02043055

Interior Features

Total Bedroom
Bedrooms 8
Total Bathroom
Bathrooms 8

Exterior Information

Maps

Listing information courtesy of: Andres Diaz, Julian Bloch, Keller Williams Downtown LA 213-797-7182. *Based on information from the Association of REALTORS/Multiple Listing as of Oct 29th, 2024 at 5:18 PM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.