Development Opportunity in Prime Los Angeles – RTI for 17 Units!
Unlock the full potential of this prime Los Angeles property! Currently a single-family home, this site comes RTI (Ready to Issue) with approved plans for 17 units — all that’s left is to pull the permits and start building. Located in a high-demand area of L.A., this is a rare, shovel-ready opportunity for investors and developers seeking a fast-track, high-yield multifamily project.
RTI – Save time and money
Approved for 17 units, These have 11 units with 1 bedroom/ 1 bath & 6 Units with 2 bedroom & 2 bath. Total of 23 Bedroom & 23 Bath. this offer a lot of amenities as a 4 floor to use like a terrace with a beutiful view, an comunity Center and mucho more.
Ideal for multifamily development
Strong rental demand in surrounding area
Convenient access to transit, shops, dining, and more
Prime area near USC, Lucas Museum of Narrative Art, BMO Stadium
Whether you're expanding your portfolio or breaking ground on your next signature project, this property offers the kind of entitlements and location that make for a winning investment. Now is a Single Family residence with 3 bed and 2 bath.
For sale
Listing Provided by:
Chris Limon DRE #01182471 562-244-8211,
Century 21 A Better Service
$1,449,000
1234 W Martin Luther King Jr Blvd, Los Angeles, CA 90037
23beds
23baths
13,294sqft
Est.:
Duplex
Built in 1912
-- sqft lot
$1,403,600 Zestimate®
$109/sqft
$-- HOA
What's special
- 31 days
- on Zillow |
- 122 |
- 4 |
Zillow last checked: 7 hours ago
Listing updated: July 10, 2025 at 06:48am
Listing Provided by:
Chris Limon DRE #01182471 562-244-8211,
Century 21 A Better Service
Source: CRMLS,MLS#: DW25149983
Originating MLS: California Regional MLS

Travel times
Tour with a buyer's agent
Tour with a buyer's agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 23
- Bathrooms: 23
Rooms
- Room types: Bedroom, Kitchen, Laundry, Living Room
Bedroom
- Features: Multi-Level Bedroom
Heating
- Central
Cooling
- Central Air
Appliances
- Laundry: Electric Dryer Hookup, Gas Dryer Hookup
Features
- Open Floorplan, Quartz Counters
- Flooring: Laminate
- Has fireplace: No
- Fireplace features: None
- Common walls with other units/homes: No Common Walls
Interior area
- Total structure area: 13,294
- Total interior livable area: 13,294 sqft
Property
Parking
- Parking features: None
Features
- Levels: Three Or More
- Stories: 3
- Entry location: Front
- Exterior features: Rain Gutters
- Pool features: None
- Spa features: None
- Has view: Yes
- View description: City Lights, Panoramic
Lot
- Size: 6,403 Square Feet
- Features: 0-1 Unit/Acre
Details
- Parcel number: 5020016011
- Zoning: LAR3
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Contemporary,Custom,See Remarks
- Property subtype: Duplex
Condition
- New construction: No
- Year built: 1912
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Electricity Connected, Natural Gas Connected, Sewer Available, Water Available
Community & HOA
Community
- Features: Urban
Location
- Region: Los Angeles
Financial & listing details
- Price per square foot: $109/sqft
- Tax assessed value: $1,122,000
- Annual tax amount: $13,885
- Date on market: 7/3/2025
- Listing terms: Cash,Conventional,1031 Exchange
- Total actual rent: 0
- Tenant pays: None
- Road surface type: Paved
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