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1306 W Martin Luther King Jr Blvd, Los Angeles, CA 90037
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1306 W Martin Luther King Jr Blvd Los Angeles, CA 90037

$880,000
  • 4 Beds
  • 4 Baths
  • 3,844 Sq.Ft.
For Sale
$880,000 Get Pre-Qualified
Map preview of 1306 W Martin Luther King Jr Blvd, Los Angeles, CA 90037

Property Overview: 1306 W Martin Luther King Jr Blvd Los Angeles, CA has 4 bedrooms, 4 bathrooms, 3,844 living square feet and 6,354 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: Fantastic 4-plex with tremendous upside potential. The building features 4 one bedroom/one bathroom units and is centrally located to all the best Los Angeles has to offer. This property is close to downtown and USC. This is a great investment opportunity that is affordable and offers tremendous upside potential and growth.

Listed by Thomas Hilal | BRE #01354379 | Nourmand & Associates-BH
Last checked: 13 minutes ago | Last updated: April 29th, 2024 | Source CRMLS | DOM: 23
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Home details

Lot Sq. Ft
6,354
HOA Dues
$0/mo
Year built
1916
Garage
--
Property Type:
Multi Family
Status
Active
MLS#
24367434
City
Los Angeles
County
Los Angeles
Time on Site
66 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 4
  • Total # of Buildings: 1
Unit Breakdown 1
  • # of Units: 4
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $4,876
  • Total Rent: $4,876
  • Pro Forma/Market Rent: $4,876
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: 15.17
  • Gross Scheduled Income: --
  • Net Operating Income: $0
  • Gross Operating Income: $58,512
Annual Expense Breakdown
  • Total Operating Expense: --

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Property Details for 1306 W Martin Luther King Jr Blvd

Interior Features
Cooling Information
  • Has Cooling
  • Wall/Window Unit(s)
Heating Information
  • Has Heating
  • Wall Furnace
Kitchen Information
  • Has Appliances
  • Refrigerator
Interior Features
  • Levels: Two
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 4
  • No
  • Parking Features: None
Property Information
  • Total # of Units: 4
  • Parcel Number: 5020001002
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Assessment Information
  • No Assessments
Location / Neighborhood
Location Information
  • Directions: Normandie and MLK Jr Blvd
View more facts & features

Local Los Angeles Agent

Sale History for 1306 W Martin Luther King Jr Blvd

View property's historical transactions

  • March, 2024

  • Mar 11, 2024

    Date

    Active

    CRMLS: 24367434

    $880,000

    Price

  • April, 2019

  • Apr 8, 2019

    Date

    Canceled

    CRMLS: SB19032916

    $725,000

    Price

  • Mar 29, 2019

    Date

    Hold

    CRMLS: SB19032916

    $725,000

    Price

  • Feb 14, 2019

    Date

    Active

    CRMLS: SB19032916

    $725,000

    Price

  • Listing provided courtesy of CRMLS

    IF YOU ARE LOOKING FOR A GREAT AND AFFORDABLE INVESTMENT OPPORTUNITY, HERE IT IS! 4 UNITS EACH COMPRISED OF A ONE BEDROOM/ ONE BATH WITH LONG TERM TENANTS WHO EACH PAY THEIR OWN GAS, ELECTRICITY AND TRASH! TONS OF PARKING AT THE FRONT OF THE BUILDING AND CENTRALLY LOCATED IN DOWNTOWN LA NEAR USC, THE MEMORIAL COLISEUM, EXPOSITION PARK AND SO MUCH MORE! DON'T MISS THIS SMART INVESTMENT OPPORTUNITY!

  • April, 2018

  • Apr 13, 2018

    Date

    Canceled

    CRMLS: DW17199566

    $775,000

    Price

  • Apr 2, 2018

    Date

    Price Change

    CRMLS: DW17199566

    $775,000

    Price

  • Aug 30, 2017

    Date

    Active

    CRMLS: DW17199566

    $800,000

    Price

  • Listing provided courtesy of CRMLS

    Location Location Location.Great building housing 4 large units 3,844 sq. ft living space per assessor. 3 of the four have 1 bedrooms each 1 is a legal 2 bedroom. Great tenants. Front of building offers plenty of parking. Well maintained building with large backyard. Total lot size 6,400 st. ft. { assesors}. Within a short distance to Memorial colosseum and USC football. a short distance to the up and coming Ram /Charger football stadium being built as we speak. Short distance to Downtow/L.A. LIVE Staples Center, Dodger Stadium and much more......

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Tax History for 1306 W Martin Luther King Jr Blvd

Assessed Value (2020): $378,477
Year Land Value Improved Value Assessed Value
2020 $243,913 $134,564 $378,477

Home Value Compared to the Market

This property vs the competition

1306 W Martin Luther King Jr Blvd is listed 29.54% lower than the median list price for the city of Los Angeles which has a median list price of $1,249,000. The median price per/sqft for Los Angeles is $774 and this home is listed at $228.93 per/sqft which puts the price per square foot 70.42% lower than the median price per square foot for the city of Los Angeles.

About 1306 W Martin Luther King Jr Blvd

Detailed summary of property

1306 W Martin Luther King Jr Blvd is a multi family located in Los Angeles, CA 90037 and is currently for sale. This multi family property offers 4 bedrooms, 4 bathrooms, roughly 3,844 living square feet, and sits on an approximately 6,354 square foot lot. 1306 W Martin Luther King Jr Blvd was first listed on ArdentRealEstateGroup.com on March 11, 2024. The homeowner is currently asking $880,000. The median priced home in Los Angeles is $1,249,000 with a median price per square foot of $774. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is listed 29.54% lower than the median priced home. Local competing homes currently for sale include 3734 S Harvard Blvd, 3734 S Harvard Blvd and 1266 W 35th Pl. While the average home in Los Angeles, CA is selling in 94 days, 1306 W Martin Luther King Jr Blvd has a days on market of 23 days. There are currently 3654 homes for sale in the Los Angeles real estate market and 2456 of them are single family homes while 1102 of them are condos and 90 are townhomes. For more information on this home for sale at 1306 W Martin Luther King Jr Blvd Los Angeles, CA 90037 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 1306 W Martin Luther King Jr Blvd

Public county record property details
Beds
4
Baths
4
Year built
1916
Sq. Ft.
3,844
Lot Size
6,400
Stories
--
Type
Quadruplex (4 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
17
APN
5020-001-002

The source for these homes facts are from public records.

90037 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$749,000
Median List Price/Sq.Ft.
$517
Median Sold Price
$667,000
Median Sold Price/Sq.Ft.
$444
Total Inventory
32
Median Sale to List Price %
106.72%
Avg Days on Market
21
Loan Type
Conventional (0%), FHA (50%), VA (0%), Cash (33.33%), Other (0%)

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Recently Sold Homes Near 1306 W Martin Luther King Jr Blvd

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1336 W Martin Luther King Jr Blvd, Los Angeles, CA 90037
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1336 W Martin Luther King Jr Blvd
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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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