Properties
Los Angeles, CA 90037 1236 W Martin Luther King Jr.
$1,610,000
49 more
Presented By: Micaela Solis with Coldwell Banker Envision; 626-409-3142
Baths • 1
SQFT • 4,658
Garage • 2
Home Details
Located in one of the most desirable areas of Los Angeles, this investment property is just 1 block away from the iconic Los Angeles Memorial Coliseum and 2 blocks from the University of Southern California (USC). This property features 4 spacious units, each approximately 1,164 SQFT. Every unit includes 1 bedroom, 1 bathroom, a living room, kitchen, dining area and a private balcony. Each unit is equipped with its own in-unit washer and dryer, and the utilities (gas, electricity) are separately metered, tenants pay their own bills. The property also offers a 2-car garage with hookups for an additional washer and dryer, plus a driveway that can accommodate up to 3 more cars, providing parking for a total of 5 vehicles. Don't miss this amazing opportunity to own an investment property in a prime Los Angeles location.
Presented By: Micaela Solis with Coldwell Banker Envision; 626-409-3142
Interior Features for 1236 W Martin Luther King Jr.
Other Interior Features
Air Conditioning Y/NNo
Common WallsNo Common Walls
Laundry FeaturesInside
Total Stories2
Other Rooms
Entry Level1
General for 1236 W Martin Luther King Jr.
Additional Parcels Y/NNo
Building Area UnitsSquare Feet
CityLos Angeles
Community FeaturesSidewalks
ContingencyThe sale of this property is contingent upon the seller purchasing another home and both escrows must close concurrently. The seller intends to sell their property and complete a 1031 Exchange. They kindly request the buyer's cooperation.
PRIVATE REMARKS: 2 Units are going to be vacant at close of escrow, the other 2 will be negotiable.
CoolingNone
CountyLos Angeles
DirectionsCross Streets: Vermont / Martin Luther King Jr.
Electric Expense6200
Entry Location1
Fuel Expense4320
Garage Spaces2
Garage Y/NYes
Gross Income37383
Insurance Expense877
Land Lease Y/NNo
LevelsTwo
Listing TermsConventional, 1031 Exchange
Lot Size Square Feet6401
Lot Size UnitsSquare Feet
MLS AreaC34 - Los Angeles Southwest
Net Operating Income37383
New ConstructionNo
Number Of Units Total4
Open Parking Spaces3
Operating Expense17097
Pool FeaturesNone
PostalCityLOS ANGELES
Property Attached Y/NNo
Property Sub Type AdditionalQuadruplex
Property SubtypeQuadruplex
Property TypeResidential Income
Rent Control Y/NNo
Senior Community Y/NNo
SewerPublic Sewer
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Stories Count2
Tax Lot11
Trash Expense1380
Water Sewer Expense4320
Year Built1921
Year Built SourceAssessor
ZoningLAR3
Exterior for 1236 W Martin Luther King Jr.
Building Area Total4658
Lot Features0-1 Unit/Acre
Lot Size Acres0.1469
Lot Size Area6401
Lot Size SourceAssessor
Number of Buildings1
Number of Separate Electric Meters4
Number of Separate Gas Meters4
Number of Separate Water Meters1
Private PoolNo
Total Parking5
Water SourcePublic
Additional Details
Price History
Schools
High School
Hubert H Humphrey Middle School
Middle School
N/A
Elementary School
Big Hollow Elementary School
