1861 W Martin Luther King Jr Blvd, Los Angeles, CA 90062

1861 W Martin Luther King Jr Blvd, Los Angeles, CA 90062

Los Angeles, CA
$1,895,000

Property Description

1861 W Martin Luther King Jr Blvd presents an attractive opportunity to acquire a 12-unit multifamily property in Los Angeles, offered at $1,895,000. The property features a desirable unit mix of (11) 1 Bed/1 Bath units and (1) 2 Bed/1 Bath unit, complemented by 8 on-site parking spaces and a generously sized lot exceeding 10,000 square feet. The property offers strong in-place returns with a 7.56% cap rate and 8.12 GRM, providing investors with an attractive day-one yield and additional upside through future rent optimization. Four units are currently occupied by subsidized tenants, providing a portion of the property’s income from government-supported rental programs. Ideally situated in Los Angeles’ 90062 submarket, 1861 W Martin Luther King Jr Blvd offers convenient access to major employment centers, retail, transportation, and surrounding neighborhoods. The combination of strong in-place performance, a favorable unit mix, ample parking, and additional rental upside makes this an appealing addition to a multifamily investment portfolio.

Property Features

  • Sale Price: $1,895,000
  • Area Size: 7,404 sq ft
  • Land Area: 10,425 sq ft
  • Year Built: 1954
  • Units: 12

Lyon Stahl Investment Real Estate

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