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.
Property Details
Price:
$2,595,000
MLS #:
24423085
Status:
Active
Baths:
0
Address:
1951 W Martin Luther King Jr Boulevard
Type:
Residential Income
Neighborhood:
phhtparkhillsheights
City:
Los Angeles
Listed Date:
Aug 1, 2024
State:
CA
ZIP:
90062
Lot Size:
8,912 sqft / 0.20 acres (approx)
Year Built:
1923
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Schools
Interior
Appliances
Dishwasher, Microwave
Heating
Wall Furnace
Exterior
Parking Features
Assigned
Parking Spots
10.00
Stories Total
2
Financial
Tenant Pays
Electricity, Gas, Water
Map
Community
- Address1951 W Martin Luther King Jr Boulevard Los Angeles CA
- AreaPHHT – Park Hills Heights
- CityLos Angeles
- CountyLos Angeles
- Zip Code90062
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Courtesy of Keller Williams Downtown LA. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the California Regional Multiple Listing Service. Detailed information about real estate listings held by brokerage firms other than include the name of the listing broker. Neither the listing company nor shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2024. California Regional Multiple Listing Service. All rights reserved.1951 W Martin Luther King Jr Boulevard
Los Angeles, CA
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