1861 West Martin Luther King Jr Boulevard Los Angeles, CA ^$ 2,295,000

1861 West Martin Luther King Jr Boulevard

^$ 2,295,000

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1861 West Martin Luther King Jr Boulevard

Los Angeles, CA, 90062

^$ 2,295,000

Studio Baths0.0 Sq 7,404

Monthly Estimate*

^$ 16,031

1861 West Martin Luther King Jr Boulevard, Los Angeles, CA 90062 - Image 1

1861 West Martin Luther King Jr Boulevard, Los Angeles, CA 90062 - Image 2

1861 West Martin Luther King Jr Boulevard, Los Angeles, CA 90062 - Image 3

1861 West Martin Luther King Jr Boulevard, Los Angeles, CA 90062 - Image 4

1861 West Martin Luther King Jr Boulevard, Los Angeles, CA 90062 - Image 5

1861 West Martin Luther King Jr Boulevard, Los Angeles, CA 90062 - Image 6

1861 West Martin Luther King Jr Boulevard, Los Angeles, CA 90062 - Image 7

1861 West Martin Luther King Jr Boulevard, Los Angeles, CA 90062 - Image 8

1861 West Martin Luther King Jr Boulevard, Los Angeles, CA 90062 - Image 9

Studio

Multi-Family Home for sale in Los Angeles, CA

for $2,295,000. This 7,404 square foot home was built in 1954 on a lot size of 0.23.

1861 W MLK is located in the heart of the highly sought after and thinly traded Leimert Park market. Offered at only $192,250 per door, and 2 units will be delivered vacant for the next owner to remodel to their standards & hand-pick their own tenants. 12.29 GRM on current rents with approximately 40% rental upside. This 1950's building has plenty of on-site & gated reserved parking for tenants, along with an on-site laundry room for tenants to use + bring in additional monthly income. Great mix of (11) 1+1's and (1) 2+1, and no Studios/Singles/Bachelors. Separately metered for gas & electricity. **This property is part of a 3-building portfolio with 211 E 55th Street (9 Units) and 709 E 49th Street (2 Units). All 3 can be bought together or separate.**

Multi-Family Pending

Price

^$ 2,295,000

Bedrooms

Studio

Property Type

Multi-Family

Taxes

^$ 0

Style

Lot Size

0.23

Year Built

1954

Town/City

Los Angeles

County/Region

Los Angeles

MLS | Web ID

0023305587

Features

General

Heating Wall Furnace

Zoning LARD1.5

Security Features Gated Community

Year Built 1954

Tenant Pays Electricity Gas

Levels Two

County Los Angeles

Net Operating Income 112608.0

New Construction No

Property Type C

HOA / Comm Assn No

Status Pending

City Los Angeles

Buyer Agent Compensation 2.00

Senior Community Y/N No

MLS Area PHHT - Park Hills Heights

Lot Size Square Feet 10007.0

Street Name Martin Luther King Jr

Standard Status Pending

Buyer Agent Compensation Type %

Exterior

Parking Features Assigned

Lot Size Area 10007.0

Building Area Total 7404.0

Lot Size Acres 0.23

Lot Size Units Square Feet

Land Lease Type Fee

Interior

Total Stories 2

Heating Y/N Yes

Street Suffix Boulevard

Laundry Features Dryer Included

Total Baths 0

* Excluded Features

List By

Jonathan Rawson

Listing Agent

Avenue Realty Group

Broker

Affordability Calculator

$16,031

Per Month

Monthly Principal & Interest: $16,031
Monthly Property Taxes: --
Monthly Home Insurance: --

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Yearly Home Insurance

Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Multi-family listings in Los Angeles, CA

Average List Price ^$2,002,074

Percent of Sale Price 13%

About Los Angeles, CA

3,920,026 Population

6% Since 2002

^$55,057 Median Income

36.82 Median Age

27% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

793437 Elementary School

793428 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
8/30/2023	$2,295,000		Listed Price

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1861 West Martin Luther King Jr Boulevard, Los Angeles, CA, 90062 is a Multi-Family Home for sale at $2,295,000 with 7,404 sqft and a lot size of 0.23. 1861 West Martin Luther King Jr Boulevard is a studio with 0.0 baths and was built in 1954. The property's zip code is 90062 which is in Los Angeles, CA

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Listing data provided courtesy of the Internet Data Exchange Program of the California Desert Association of Realtors.

Based on information from the California Desert Association of REALTORS® as of 2/20/2024. 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.

The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program of the California Desert Association of Realtors. Real Estate listings held by brokerage firms (licensees) other than Weichert Realtors include the name of the listing brokers.

The information being provided is for consumers' personal, non-commercial use and may not be reproduced or redistributed. Its sole purpose is to be used to identify prospective properties consumers may be interested in purchasing.

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1861 West Martin Luther King Jr Boulevard

Multi-Family Home for sale in Los Angeles, CA

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