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172 W Martin Luther King Junior Boulevard

Los Angeles (City), CA 90037
  • $750,000
  • STATUS: Active Under Contract
  • ON SITE: 152 Days
  • ID#: PW24006462
Under Contract
UPDATED: 28 min ago
$750,000
  • 0
    BEDS
  • 0.14
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1924
County:

School Ratings & Info

Listing Agent(s): Jeff Anderson of eXp Realty of California Inc (800-784-2616) and Juan Huizar of ()


Description

Seize this rare chance to own a lucrative 4-plex priced at $750,000, 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 close proximity 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 $59,436, making this 4-plex an outstanding investment choice. LAC2 flexible zoning could allow for unique development opportunity in the future, while taking advantage of the TOC program. Don't miss out on this gem in a prime location!

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Based on information from California Regional Multiple Listing Service, Inc. as of 2024-06-18T15:33:49.49. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Team Tami | Palm Realty Boutique. Licensed in the State of California, USA.
www.playavistaliving.com/homes/146705678
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172 W Martin Luther King Junior Boulevard Los Angeles (City), CA 90037

  • Price: $750,000
  • Status: Active Under Contract
  • On Site: 152 Days
  • Updated: 28 min ago
  • ID#: PW24006462
0
Beds
0
Baths
0
½ Baths
0.14
Acres
1924
Built
Neighborhood:
C42 - Downtown L.A.
County:
Los Angeles
Area:
C42 - Downtown L.A.
Property Description
Seize this rare chance to own a lucrative 4-plex priced at $750,000, 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 close proximity 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 $59,436, making this 4-plex an outstanding investment choice. LAC2 flexible zoning could allow for unique development opportunity in the future, while taking advantage of the TOC program. Don't miss out on this gem in a prime location!
Exterior Features

Entry Level 1 Entry Location 1 Lot Features Near Public Transit Number Of Separate Electric Meters 4 Open Parking Spaces 4 Parking Total 4 Pool Features None Pool Private YN No Property Attached YN No

Interior Features

Accessibility Features Parking Common Walls No Common Walls

Property Features

Association Fee 0 Association YN No Cap Rate 5.5 Common Interest None Community Features Sidewalks Contingency Buyer to cooperate with Sellers 1031 exchangeno cost to the Buyer. Electric Expense 0 Fuel Expense 0 Garage YN No Gross Income 0 Gross Scheduled Income 59436 Insurance Expense 2400 Land Lease YN No Laundry Features None Levels Two Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms CashCash to New LoanConventional Maintenance Expense 4800 Net Operating Income 36344 New Construction YN No New Taxes Expense 10312 Number Of Separate Gas Meters 4 Number Of Separate Water Meters 1 Operating Expense 23092 Property Sub Type Quadruplex Rent Control YN Yes Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Tenant Pays ElectricityGasTrash Collection Trash Expense 0 Water Sewer Expense 4800 Water Source Public Zoning LAC2



Based on information from California Regional Multiple Listing Service, Inc. as of 2024-06-18T15:33:49.49. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Team Tami | Palm Realty Boutique. Licensed in the State of California, USA.
 
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Team Tami | Palm Realty Boutique
323 Culver Blvd.
Playa del Rey CA, 90293
Listing Agent(s): Jeff Anderson of eXp Realty of California Inc (800-784-2616) and Juan Huizar of ()