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
See this Listing
Schools
Interior
Laundry Features
NO
Exterior
Common Walls
NCW
Community Features
SDW, SUB, CRB
Garage Spaces
8
Parking Spots
8
Parking Total
8
Financial
Map
Community
- Address1861 W Martin Luther King Jr BL Los Angeles CA
- CityLos Angeles
- CountyLos Angeles
- Zip Code90062
Subdivisions in Los Angeles
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.
Similar Listings Nearby
1861 W Martin Luther King Jr BL
Los Angeles, CA


