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!
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
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#: PW24006461
Originating 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