$2,595,000
For Sale

1951 W Martin Luther King Jr Boulevard

Los Angeles, CA 90062
4762 sqft | 8 beds | 0.20 acres | #24423085
Listing OfficeKeller Williams Downtown LA
Browse 10 photos
Type:Multi-Family
Structure:House
Zone:Commercial

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.

  • Interior Details
      • Bedrooms8
  • Property Details
      • Stories2
    • Measurements
      • Acres0.2046
      • Square Feet4762
  • Construction Details
      • Property TypeMulti-Family
    • Condition
      • Year Built1923
  • Community and Neighborhood Details
      • CountyLos Angeles
  • Financial Details
      • Original List Price$2,595,000
  • Other
      • MLS #24423085

Location

SparrowLily Realty, Inc.Real Estate Group
$
years

Down Payment

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%
10.0%

Interest Rate

%
6.0%

Tax Rate

%
2.6%
$
$
annually
$
monthly

Note: The results shown are estimates only and do not include all factors. Speak with a licensed agent or loan provider for exact details. This tool is sourced from CloseHack.

Estimated Monthly Payment
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Loan Amount
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