172 Martin Luther King Jr Blvd, Los Angeles, CA 90037
4 Unit Apartment Building | $750,000 ($187,500/Unit) | 4.85% Cap Rate | Los Angeles, CA 90037
For Sale
Active
Asking Price $750,000
- Property Type
-
Multifamily
- Square Feet
- 3,300 SF
Listing Contacts
Property Overview
Seize this rare chance to own a lucrative 4-plex priced at $825,000, 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!
Property Details
- Year Built
- 1952
- Stories
- 2
- Lot Size (sq. ft)
- 6,098 SF
- Units
- 4
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