1861 W Martin Luther King Jr BL
Los Angeles, CA, 90062
$1,895,000
Beds
0 Baths
0 SqFt
0.24 Acres
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MLS #SB26217704 image #0
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.

Property Details

Price:
$1,895,000
MLS #:
SB26217704
Status:
Active
Beds:
0
Baths:
0
Type:
Single Family
Subtype:
Apartment
Neighborhood:
phhtparkhillsheights
Listed Date:
Oct 6, 2026
Total Sq Ft:
7,404
Lot Size:
10,425 sqft / 0.24 acres (approx)
Year Built:
1954
Phht – Park Hills HeightsPhhtparkhillsheights

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Schools

Interior

Laundry Features
NO

Exterior

Common Walls
NCW
Community Features
SDW, SUB, CRB
Garage Spaces
8
Parking Spots
8
Parking Total
8

Financial

Net Operating Income
$143,265

Map

Community

Market Summary

Current real estate data for Single Family in Los Angeles as of Oct 10, 2026
9,924
Single Family Listed
86
Avg DOM
434
Avg $ / SqFt
$1,550,399
Avg List Price

Property Summary

    1861 W Martin Luther King Jr BL Los Angeles CA is a Single Family for sale in Los Angeles, CA, 90062. It is listed for $1,895,000 and features 0 beds, 0 baths, and has approximately 0 square feet of living space, and was originally constructed in 1954. The average price per square foot for Single Family listings in Los Angeles is $434. The average listing price for Single Family in Los Angeles is $1,550,399.

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1861 W Martin Luther King Jr BL
Los Angeles, CA