CA > Los Angeles
Los Angeles, CA 90062,1951 W Martin Luther King Jr Blvd
Los Angeles, CA 90062,1951 W Martin Luther King Jr Blvd
Los Angeles, CA 90062,1951 W Martin Luther King Jr Blvd
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Shawn Kormondy

Shawn Kormondy

+1(323) 638-7567
$2,595,000
Est. payment /mo
8 Beds
8 Baths
4,762 SqFt
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UPDATED:

10/29/2024 05:05 PM

Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 4,762 sqft

Price per Sqft $544

MLS Listing ID 24-423085

Bedrooms 8

Year Built 1923

Lot Size 8,912 Sqft

Acres 0.2046

Property Description

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.

Location

State CA

County Los Angeles

Area Park Hills Heights

Zoning LARD1.5

Rooms

Other Rooms None

Interior

Heating Wall

Cooling Wall Unit(s)

Equipment Dishwasher, Freezer, Microwave, Dryer

Exterior

Garage Assigned

Garage Spaces 10.0

Building

Story 2

Level or Stories Multi/Split

Others

Special Listing Condition Standard

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Listed by Keller Williams Downtown LA

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Shawn Kormondy

+1(323) 638-7567

Agent | License ID: 01451888

Agent License ID: 01451888

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