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1162 E Martin Luther King Jr Blvd, Los Angeles, CA 90011
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1162 E Martin Luther King Jr Blvd Los Angeles, CA 90011

$850,000
  • 7 Beds
  • 3 Baths
  • 2,031 Sq.Ft.
Back Up Offer
$850,000 Get Pre-Qualified
Map preview of 1162 E Martin Luther King Jr Blvd, Los Angeles, CA 90011

Property Overview: 1162 E Martin Luther King Jr Blvd Los Angeles, CA has 7 bedrooms, 3 bathrooms, 2,031 living square feet and 6,005 square feet lot size. Call an Ardent Real Estate Group agent to verify current availability of this home or with any questions you may have.

Agent Remarks: Welcome to 1162 & 1162 1/2 E. Martin Luther King Jr. Blvd, a unique two-unit property offering abundant potential and opportunities. This promising LAR2 zoning investment property is nestled in the vibrant city of Los Angeles, conveniently located near schools, parks, churches, and downtown Los Angeles. Its prime location enhances its appeal, making it an ideal investment opportunity. The front unit comprises four bedrooms and two baths, while the back unit features three bedrooms and one bath. The spacious front unit accommodates multiple families or a large household comfortably. Additionally, solar panels are included and fully paid for, enhancing the property's sustainability and reducing utility costs.

Listed by Mercedes Gomez | BRE #02127154 | NEIGHBORHOOD REAL ESTATE
Last checked: 13 minutes ago | Last updated: September 4th, 2024 | Source CRMLS | DOM: 128

Home details

Lot Sq. Ft
6,005
HOA Dues
$0/mo
Year built
1947
Garage
--
Property Type:
Duplex
Status
Back Up Offer
MLS#
CV24102770
City
Los Angeles
County
Los Angeles
Time on Site
130 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 2
  • Total # of Buildings: 2
  • # of Electric Meters: 2
  • # of Gas Meters: 2
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 4
  • # of Baths: 2
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $4,800
  • Total Rent: $4,800
  • Pro Forma/Market Rent: $4,800
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,500
  • Total Rent: $1,500
  • Pro Forma/Market Rent: $1,500
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $0
  • Net Operating Income: $0
  • Gross Operating Income: --
Annual Expense Breakdown
  • Total Operating Expense: $0
  • Trash: $0
  • Insurance: $0
  • Water/Sewer: $0

Open Houses for 1162 E Martin Luther King Jr Blvd

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Property Details for 1162 E Martin Luther King Jr Blvd

Interior Features
Cooling Information
  • Has Cooling
  • Wall/Window Unit(s)
Laundry Information
  • Has Laundry
  • Gas & Electric Dryer Hookup
Fireplace Information
  • No Fireplace
  • None
Interior Features
  • Levels: One
Exterior Features
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 3
  • Has Parking
  • Parking Features: Concrete
Lot Information
  • Lot Features: 2-5 Units/Acre
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • No View
  • View: None
  • Common Walls: 2+ Common Walls
  • Total # of Units: 2
  • Parcel Number: 5114033005
  • Year Built Source: Seller
  • Entry Level: 1
  • Property is Attached
  • Offered With Property: solar pannels
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
Assessment Information
  • Has Assessments
  • Assessments: Unknown
Location / Neighborhood
Location Information
  • Directions: via I-110 S and W Martin Luther King Jr Blvd ; via I-10 exit 10 Hooper south right on martin Luther king
Neighborhood Information
  • Community Features: Sidewalks
View more facts & features

Local Los Angeles Agent

Sale History for 1162 E Martin Luther King Jr Blvd

Last sold for $555,000 on March 31st, 2006

  • September, 2024

  • Sep 4, 2024

    Date

    Back Up Offer

    CRMLS: CV24102770

    $850,000

    Price

  • May 21, 2024

    Date

    Active

    CRMLS: CV24102770

    $850,000

    Price

  • January, 2024

  • Jan 25, 2024

    Date

    Expired

    CRMLS: SR23141060

    $829,999

    Price

  • Jul 31, 2023

    Date

    Active

    CRMLS: SR23141060

    $849,999

    Price

  • Listing provided courtesy of CRMLS

    Welcome to this promising LAR2 zoning investment property nestled in the vibrant city of Los Angeles. Embrace the potential of this fantastic duplex, boasting 7 bedrooms and 3 bathrooms, providing ample space for prospective buyers seeking an investment opportunity.

  • July, 2023

  • Jul 7, 2023

    Date

    Canceled

    CRMLS: DW23055653

    $775,000

    Price

  • Apr 11, 2023

    Date

    Active

    CRMLS: DW23055653

    $775,000

    Price

  • Listing provided courtesy of CRMLS

    This is a two unit property 1162 & 1162 1/2 E. Martin Luther King Jr. Blvd. Lot's of great potential and opportunities. The land use is what makes this property very unique, land use is as follows, Boarding House, Rooming House, Apt Hotel, Transient Lodgings. The front unit has four bedrooms and two baths, and the back unit has two bedrooms and one bath. Front unit is big enough for two families or one big family. The property includes solar panels which are paid for. The property has plenty of room for parking and much more. This is a great investment property and will definitely offer great potential due to the land use.

  • March, 2006

  • Mar 31, 2006

    Date

    Sold (Public Records)

    Public Records

    $555,000

    Price

  • April, 2005

  • Apr 4, 2005

    Date

    Sold (Public Records)

    Public Records

    $400,000

    Price

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Tax History for 1162 E Martin Luther King Jr Blvd

Assessed Value (2020): $599,190
Year Land Value Improved Value Assessed Value
2020 $386,546 $212,644 $599,190

Home Value Compared to the Market

This property vs the competition

1162 E Martin Luther King Jr Blvd is listed 29.17% lower than the median list price for the city of Los Angeles which has a median list price of $1,200,000. The median price per/sqft for Los Angeles is $771 and this home is listed at $418.51 per/sqft which puts the price per square foot 45.72% lower than the median price per square foot for the city of Los Angeles.

About 1162 E Martin Luther King Jr Blvd

Detailed summary of property

1162 E Martin Luther King Jr Blvd is a duplex located in Los Angeles, CA 90011 and is currently in escrow to be sold. This duplex offers 7 bedrooms, 3 bathrooms, roughly 2,031 living square feet, and sits on an approximately 6,005 square foot lot. 1162 E Martin Luther King Jr Blvd was first listed on ArdentRealEstateGroup.com on May 21, 2024. The homeowner is currently asking $850,000. The median priced home in Los Angeles is $1,200,000 with a median price per square foot of $771. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is listed 29.17% lower than the median priced home. Local competing homes currently for sale include 747 E 33rd St, 1545 E 41st Pl and 1545 E 41st Pl. While the average home in Los Angeles, CA is selling in 106 days, 1162 E Martin Luther King Jr Blvd has a days on market of 128 days. There are currently 4139 homes for sale in the Los Angeles real estate market and 2834 of them are single family homes while 1183 of them are condos and 115 are townhomes. For more information on this home for sale at 1162 E Martin Luther King Jr Blvd Los Angeles, CA 90011 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 1162 E Martin Luther King Jr Blvd

Public county record property details
Beds
7
Baths
2
Year built
1947
Sq. Ft.
2,031
Lot Size
6,003
Stories
--
Type
Boarding House, Rooming House, Apt Hotel, Transient Lodgings, Hostel
Pool
No
Spa
No
County
Los Angeles
Lot#
5
APN
5114-033-005

The source for these homes facts are from public records.

90011 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$625,000
Median List Price/Sq.Ft.
$531
Median Sold Price
$590,000
Median Sold Price/Sq.Ft.
$438
Total Inventory
50
Median Sale to List Price %
102.61%
Avg Days on Market
46
Loan Type
Conventional (0%), FHA (83.33%), VA (0%), Cash (0%), Other (0%)

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Based on information from California Regional Multiple Listing Service, Inc. as of 2019. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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