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1849 W Martin Luther King Jr Blvd, Los Angeles, CA 90062

1849 W Martin Luther King Jr Blvd #B, Los Angeles, CA 90062
$1,195,000

Description

1849 W Martin Luther King Jr. Blvd in South Los Angeles is a 4-unit apartment building located just a short distance to the LA Memorial Coliseum, Banc of California Stadium, USC Campus, and the 110 FWY Entrance. This 4,066 SF building was built in 1922 and is situated on a 6,938 SF lot on Martin Luther King Jr. Blvd in an OPPORTUNITY ZONE. This property boasts an ideal unit mix of (2) 2-bed/1-bath units and (2) 1-bed/1-bath units separately metered for gas & electric. The building features a large fenced-in backyard and one garage space for each unit. Given the property’s ideal location, strong unit mix, and significant upside rent potential, 1849 W Martin Luther King Jr Blvd. is an excellent investment opportunity for any investor seeking growth, stability, and a hedge against inflation.

 

  • 4-Units consisting of (2) 2-bed/1-bath, (2) 1-bed/1-bath.    | 4.45% CAP Rate
  • Four (4) Garages Spaces and a Large Fenced in Backyard
  • 4,006 SF of Living Space Situated on a 6,938 SF Lot
  • Located Less Than 2 Miles to The LA Memorial Coliseum. Banc of California Stadium, USC Campus, and the 110 FWY Entrance
1849 W Martin Luther King Jr. Blvd in South Los Angeles is a 4-unit apartment building located just a short distance to the LA Memorial Coliseum, Banc of California Stadium, USC Campus, and the 110 FWY Entrance. This 4,066 SF building was built in 1922 and is situated on a 6,938 SF lot on Martin Lut

Property Downloads

  • City: Los Angeles
  • State/county: CA
  • Country: United States

Detail

Updated on July 22, 2020 at 12:10 pm

  • Price: $1,195,000
  • List Date: 7/01/2020
  • Property Size: 4,066 Sq Ft
  • Land Area: 6,938 Sq Ft
  • Year Built: 1922
  • Property Type: Multifamily
  • Property Status: Active
  • Numbers of Units: 4
  • NOI: $55,673
  • GRM: 14.94
  • CAP RATE: 4.45%
  • Price per Unit: $312,500
  • Market GRM: 13.06
  • Market CAP RATE: 5.39%

Contact info

Woody Stahl
Woody Stahl
(310) 880-0926(310) 710-3829
Linkedin
Brett Lyon
Brett Lyon
(310) 880-5328(310) 780-1899
Linkedin

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