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$ 1,049,000
Est. payment /mo
Active
158 W Martin Luther King Jr Los Angeles, CA 90037
6,002 Sqft Lot
UPDATED:
Key Details
Property Type Apartment
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
MLS Listing ID TR26134027
HOA Y/N No
Year Built 1914
Lot Size 6,002 Sqft
Property Sub-Type Apartment
Property Description
Prime 5-Unit Income Opportunity in High-Demand LA Rental Market! Excellent investment asset featuring two separate buildings on one lot. The front structure consists of four 2BR/1BA units, while the rear features a detached 3BR/1BA home. Ideal for a savvy investor or an owner-occupant looking to house-hack. All units are fully occupied, offering steady cash flow with great long-term rental upside. Individual gas and electric meters keep landlord expenses to a minimum. Centrally located in the heart of LA near BMO Stadium, the Coliseum, and Downtown, with effortless access to freeways, transit, and shopping. A low-maintenance, high-yielding portfolio addition!
Location
State CA
County Los Angeles
Area C42 - Downtown L.A.
Interior
Heating Wall Furnace
Cooling Wall/Window Unit(s)
Fireplace No
Laundry See Remarks
Exterior
Pool None
Community Features Urban
Private Pool No
Building
Lot Description Near Public Transit
Story 1
Sewer Public Sewer
Water Public
New Construction No
Others
Senior Community No
Tax ID 5111024011
Acceptable Financing Cash, Cash to New Loan, 1031 Exchange
Listing Terms Cash, Cash to New Loan, 1031 Exchange
Special Listing Condition Standard
Listed by Anna Yang New Star Realty & Inv. 909-282-7307, DRE #01406211