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Sold for $670,000 on 09/09/24
  • Listing Provided by: 

    Jeff Anderson DRE #01729514 MLS@AndersonREG.com,

    eXp Realty of California Inc,

    Juan Huizar DRE #01417642,

    Sage Real Estate Group, Inc.

    $670,000

    172 W Martin Luther King Jr Blvd, Los Angeles, CA 90037

    7beds
    3,300sqft
    Quadruplex
    Built in 1924
    -- sqft lot
    $958,100 Zestimate®
    $203/sqft
    $3,440 Estimated rent

    What's special

    Seize this rare chance to own a lucrative 4-plex priced at $825,000, just 1.3 miles from USC. With approximately 3,300 square feet, this property boasts an excellent unit mix featuring (3) 2-bed/1-bath and (1) 1-bed/1-bath units. Convenience is key, with four parking spaces and a short distance to Downtown Los Angeles. Ideal for first-time investors, this property is a "starter pack" offering the perfect opportunity to use a 5% down Fannie Mae loan. Additionally, its proximity to BMO Stadium (LAFC Stadium) adds to its allure. Anticipate a substantial annual gross rent of $57,156, making this 4-plex an outstanding investment choice. Don't miss out on this gem in a prime location!

    Zillow last checked: 7 hours ago

    Listing updated: December 04, 2024 at 09:29pm

    Listing Provided by:

    Jeff Anderson DRE #01729514 MLS@AndersonREG.com,

    eXp Realty of California Inc,

    Juan Huizar DRE #01417642,

    Sage Real Estate Group, Inc.

    Bought with:

    Stephen Shiu, DRE #01921212

    STEPHEN SHIU, BROKER

    Source: CRMLS,MLS#: PW24006461MLS LogoOriginating MLS: California Regional MLS

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 7
    • Bathrooms: 4
    • Full bathrooms: 4
    • Main level bathrooms: 1
    • Main level bedrooms: 1
    Cooling
    • None
    Appliances
    • Laundry: None
    Features
    • Has fireplace: No
    • Fireplace features: None
    • Common walls with other units/homes: No Common Walls
    Interior area
    • Total interior livable area: 3,300 sqft

    Property

    Accessibility
    • Accessibility features: Parking
    Features
    • Levels: Two
    • Stories: 2
    • Entry location: 1
    • Pool features: None
    • Has view: Yes
    • View description: Neighborhood
    Lot
    • Size: 6,011 sqft
    • Features: Near Public Transit
    Details
    • Parcel number: 5111024013
    • Zoning: LAC2
    • Special conditions: Standard

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Quadruplex
    Condition
    • New construction: No
    • Year built: 1924

    Utilities & green energy

    • Sewer: Public Sewer
    • Water: Public

    Community & neighborhood

    Community
    • Community features: Sidewalks
    Location
    • Region: Los Angeles

    Other

    Other facts
    • Listing terms: Cash,Cash to New Loan,Conventional
    Services availability
    Get a cash offer in 3 minutes

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    Estimated market value

    $958,100

    Get a cash offer in 3 minutes

    Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.

    Estimated market value

    $958,100