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1951 W Martin Luther King Jr Boulevard

Los Angeles, CA 90062

– beds
– baths
– sqft
8,912 sqft lot
1923 build
– on site

1951 W. Martin Luther King Jr Boulevard is an 8-unit apartment complex in the Leimert Park neighborhood of Los Angeles. The property offers a diverse unit mix of four (4) studio units and four (4) two-bedroom units spread across 4,762 rentable square feet. Seven of the eight units have been completely remodeled with brand new electrical, plumbing and mechanical systems. The units are also sub-metered for gas, electric, and water which results in an extremely low utility expense profile for a new owner. The asset offers strong cash flow day-1 and approximately 14% rental upside.

Listed By CRMLS_CA / Andres Diaz / Keller Williams Downtown LA

Last checked: Checking… • Last updated Oct 29, 2024 •

MLS# 24423085 —

The Building

Year Built:

1923
New Construction:

No
Building Area Total:

4762.00
# of Buildings:

1
Total Number Of Units:

8
Stories Total:

2

Interior

Levels:

Multi/Split
Laundry:

Dryer Included
Laundry:

1

Location

Directions:

on the corner of W. Martin Luther King Jr Blvd. & S. Wilton Place.
Latitude:

34.01112200
Longitude:

-118.31496400

The Property

Property Type:

Residential Income
Zoning:

LARD1.5
Lot Size Area:

8912.0000
Lot Size Dimensions:

60x149
Lot Size Acres:

0.2046
Lot Size SqFt:

8912.00
Lot Size Source:

Builder

Listing Agent

Contact info:

The Listing

Special Listing Conditions:

Standard
Parcel Number:

5035006011

Heating & Cooling

Heating:

1
Heating:

Wall Furnace

Appliances

Appliances:

Dishwasher, Microwave
Included:

Yes

The Community

Senior Community:

No
Association:

No
Assessments:

No

Parking

Parking:

Yes
Parking:

Assigned
Parking Spaces:

10.00

Explore the Area

My Commute

From

Walk Score®

Provided by WalkScore® Inc.

Bike Score®

Provided by WalkScore® Inc.

Transit Score®

Provided by WalkScore® Inc.

Soundscore™

Provided by HowLoud

Sale history

Date	Event	Source	Price	% Change
8/2/24 Aug 2, 2024	Listed / Active	CRMLS_CA	$2,595,000	135.9% (22.3% / YR)
8/2/24 Aug 2, 2024	Price Changed	CRMLS_CA
7/20/23 Jul 20, 2023	Listed / Active	CRMLS_CA

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This multifamily located in South LA, Los Angeles, CA 90062 is currently for sale for $2,595,000. 1951 W Martin Luther King Jr Boulevard is a – square foot multifamily with – beds and – baths that has been on Estately for 112 days. 1951 W Martin Luther King Jr Boulevard is in the South LA neighborhood of Los Angeles and has a WalkScore® of 75, making it very walkable. This multifamily is in the attendance area of Crenshaw Magnets: Science Tech Engineer Math & Medicine, Martin Luther King Jr. Elementary School, and Barack Obama Global Preparation Academy.

Listing Courtesy of: CRMLS_CA and Keller Williams Downtown LA. Based on information from California Regional Multiple Listing Service, Inc. as of 08:37 on Nov 22.

This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.