1861 W Martin Luther King Jr BLVD, Los Angeles, CA 90062
1861 W Martin Luther King Jr BLVD, Los Angeles, CA 90062
1861 W Martin Luther King Jr BLVD, Los Angeles, CA 90062
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The Warburton Team Brokered By EXp

The Warburton Team Brokered By EXp

+1(626) 630-2141
$1,895,000
Est. payment /mo
10,423 Sqft Lot
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UPDATED:

Key Details

Property Type Other Types

Sub Type Apartment

Listing Status Active

Purchase Type For Sale

MLS Listing ID SB26217704

HOA Y/N No

Year Built 1954

Lot Size 10,423 Sqft

Property Sub-Type Apartment

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.

Location

State CA

County Los Angeles

Area Phht - Park Hills Heights

Interior

Fireplace No

Laundry None

Exterior

Garage Spaces 8.0

Garage Description 8.0

Pool None

Community Features Curbs, Suburban, Sidewalks

Total Parking Spaces 8

Private Pool No

Building

Lot Description 0-1 Unit/Acre

Story 2

Sewer Public Sewer

Water Public

New Construction No

Others

Senior Community No

Tax ID 5035007012

Acceptable Financing Cash, Cash to New Loan, Conventional, Contract

Listing Terms Cash, Cash to New Loan, Conventional, Contract

Special Listing Condition Standard

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Listed by Aaron Jacobson Lyon Stahl Investment Real Estate, Inc. 310-729-1559, DRE #02100737

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