Search
172 W Martin Luther King Jr Blvd, Los Angeles, CA 90037
Image 2 for 172 W Martin Luther King Jr Blvd, Los Angeles, CA 90037
Image 3 for 172 W Martin Luther King Jr Blvd, Los Angeles, CA 90037
View Photos

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

$750,000
  • 7 Beds
  • 4 Baths
  • 3,300 Sq.Ft.
For Sale
$750,000 Get Pre-Qualified
Map preview of 172 W Martin Luther King Jr Blvd, Los Angeles, CA 90037

Property Overview: 172 W Martin Luther King Jr Blvd Los Angeles, CA has 7 bedrooms, 4 bathrooms, 3,300 living square feet and 6,011 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: Seize this rare chance to own a lucrative 4-plex priced at $750,000, just 1.3 miles from USC. With approximately 3,300 square feet, this property boasts an excellent unit mix featuring (3) 2-bed/1-bath and (1) 1-bed/1-bath units. Convenience is key, with four parking spaces and close proximity to Downtown Los Angeles. Ideal for first-time investors, this property is a "starter pack" offering the perfect opportunity to use a 5% down Fannie Mae loan. Additionally, its proximity to BMO Stadium (LAFC Stadium) adds to its allure. Anticipate a substantial annual gross rent of $59,436, making this 4-plex an outstanding investment choice. LAC2 flexible zoning could allow for unique development opportunity in the future, while taking advantage of the TOC program. Don't miss out on this gem in a prime location!

Listed by Jeff Anderson | BRE #01729514 | eXp Realty of California Inc
Co-listed by Juan Huizar | BRE #01417642 | Sage Real Estate
Last checked: 1 minute ago | Last updated: April 9th, 2024 | Source CRMLS | DOM: 96
Get a $2,250 Cash Reward New

Buy this home with Ardent Real Estate Group and get $2,250 back.

Call/Text (714) 706-1823

Home details

Lot Sq. Ft
6,011
HOA Dues
$0/mo
Year built
1924
Garage
--
Property Type:
Fourplex
Status
Active
MLS#
PW24006462
City
Los Angeles
County
Los Angeles
Time on Site
101 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 4
  • Total # of Buildings: 2
  • # of Electric Meters: 4
  • # of Gas Meters: 4
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,292
  • Total Rent: $1,292
  • Pro Forma/Market Rent: $2,150
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,420
  • Total Rent: $1,420
  • Pro Forma/Market Rent: $2,750
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,350
  • Total Rent: $1,350
  • Pro Forma/Market Rent: $2,750
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $891
  • Total Rent: $891
  • Pro Forma/Market Rent: $2,150
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 5.5%
  • Gross Rent Multiplier: 12.62
  • Gross Scheduled Income: $59,436
  • Net Operating Income: $36,344
  • Gross Operating Income: --
Annual Expense Breakdown
  • Total Operating Expense: $23,092
  • Electric: $0
  • Gas/Fuel: $0
  • New Taxes: $10,312
  • Trash: $0
  • Gardener: $780
  • Insurance: $2,400
  • Maintenance: $4,800
  • Water/Sewer: $4,800

Open Houses for 172 W Martin Luther King Jr Blvd

No upcoming open houses

Schedule Tour

Property Details for 172 W Martin Luther King Jr Blvd

Interior Features
Laundry Information
  • No Laundry
  • None
Interior Features
  • Levels: Two
Exterior Features
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 4
Lot Information
  • Lot Features: Near Public Transit
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Common Walls: No Common Walls
  • Total # of Units: 4
  • Parcel Number: 5111024013
  • Year Built Source: Assessor
  • Entry Level: 1
  • Property is not Attached
  • Accessibility Features: Parking
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
Location / Neighborhood
Location Information
  • Directions: MLK and Main St
Neighborhood Information
  • Community Features: Sidewalks
View more facts & features

Local Los Angeles Agent

Sale History for 172 W Martin Luther King Jr Blvd

Last sold for $215,000 on November 15th, 2010

  • January, 2024

  • Jan 17, 2024

    Date

    Active

    CRMLS: PW24006462

    $825,000

    Price

  • November, 2010

  • Nov 15, 2010

    Date

    Sold (Public Records)

    Public Records

    $215,000

    Price

  • September, 2010

  • Sep 9, 2010

    Date

    Sold (Public Records)

    Public Records

    $157,500

    Price

Show More

Tax History for 172 W Martin Luther King Jr Blvd

Assessed Value (2020): $251,860
Year Land Value Improved Value Assessed Value
2020 $111,287 $140,573 $251,860

Home Value Compared to the Market

This property vs the competition

172 W Martin Luther King Jr Blvd is listed 39.32% lower than the median list price for the city of Los Angeles which has a median list price of $1,236,000. The median price per/sqft for Los Angeles is $773 and this home is listed at $227.27 per/sqft which puts the price per square foot 70.6% lower than the median price per square foot for the city of Los Angeles.

About 172 W Martin Luther King Jr Blvd

Detailed summary of property

172 W Martin Luther King Jr Blvd is a fourplex located in Los Angeles, CA 90037 and is currently for sale. This fourplex offers 7 bedrooms, 4 bathrooms, roughly 3,300 living square feet, and sits on an approximately 6,011 square foot lot. 172 W Martin Luther King Jr Blvd was first listed on ArdentRealEstateGroup.com on January 17, 2024. The homeowner is currently asking $750,000 and was originally asking $825,000. The median priced home in Los Angeles is $1,236,000 with a median price per square foot of $773. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is listed 39.32% lower than the median priced home. Local competing homes currently for sale include 876 E 41st Pl, 851 E 32nd St and 919 W. 41st Drive. While the average home in Los Angeles, CA is selling in 96 days, 172 W Martin Luther King Jr Blvd has a days on market of 96 days. There are currently 3487 homes for sale in the Los Angeles real estate market and 2373 of them are single family homes while 1015 of them are condos and 93 are townhomes. For more information on this home for sale at 172 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 172 W Martin Luther King Jr Blvd

Public county record property details
Beds
3
Baths
4
Year built
1924
Sq. Ft.
1,952
Lot Size
6,000
Stories
--
Type
Triplex (3 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
8
APN
5111-024-013

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.
$562
Median Sold Price
$739,000
Median Sold Price/Sq.Ft.
$472
Total Inventory
33
Median Sale to List Price %
101.93%
Avg Days on Market
35
Loan Type
Conventional (50%), FHA (25%), VA (0%), Cash (25%), Other (0%)

Tour This Home

Buy with Ardent Real Estate Group and save $2,250.

Image Description
Contact Jon
Los Angeles Agent
Call, Text or Message
(714) 706-1823
Get a $2,250 Cash Reward New

Buy this home with Ardent Real Estate Group and get $2,250 back.

Call/Text (714) 706-1823

Homes for Sale Near 172 W Martin Luther King Jr Blvd

Nearby Homes for Sale

172 W Martin Luther King Junior Boulevard, Los Angeles, CA 90037
$750,000
7 Beds
4 Baths
3300 Sq.Ft.
172 W Martin Luther King Junior Boulevard
Los Angeles, CA 90037
3811 Trinity St, Los Angeles, CA 90011
$890,000
8 Beds
4 Baths
2976 Sq.Ft.
3811 Trinity St
Los Angeles, CA 90011
172 E 43rd ST, Los Angeles, CA 90011
$649,950
24 Beds
0 Baths
1959 Sq.Ft.
172 E 43rd ST
Los Angeles, CA 90011
242 W 46th St, Los Angeles, CA 90037
$750,000
14 Beds
8 Baths
2604 Sq.Ft.
242 W 46th St
Los Angeles, CA 90037
227 W 47th St, Los Angeles, CA 90037
$780,000
6 Beds
4 Baths
1863 Sq.Ft.
227 W 47th St
Los Angeles, CA 90037
232 W 49th St, Los Angeles, CA 90037
$699,999
4 Beds
2 Baths
1744 Sq.Ft.
232 W 49th St
Los Angeles, CA 90037
218 E 27th St, Los Angeles, CA 90011
$795,000
7 Beds
6 Baths
4356 Sq.Ft.
218 E 27th St
Los Angeles, CA 90011
735 E Vernon Ave, Los Angeles, CA 90011
$715,000
5 Beds
2 Baths
1796 Sq.Ft.
735 E Vernon Ave
Los Angeles, CA 90011

Recently Sold Homes Near 172 W Martin Luther King Jr Blvd

145 W 41St St, Los Angeles, CA 90037
$650,000 Last Sold Price
6 Beds
2 Baths
2078 Sq.Ft.
145 W 41St St
Los Angeles, CA 90037
131 W 41st St, Los Angeles, CA 90037
$670,000 Last Sold Price
4 Beds
3 Baths
1546 Sq.Ft.
131 W 41st St
Los Angeles, CA 90037
232 W 40th Pl, Los Angeles, CA 90037
$828,000 Last Sold Price
11 Beds
6 Baths
2060 Sq.Ft.
232 W 40th Pl
Los Angeles, CA 90037
155 W 41st Pl, Los Angeles, CA 90037
$1,125,000 Last Sold Price
9 Beds
7 Baths
4935 Sq.Ft.
155 W 41st Pl
Los Angeles, CA 90037

Related Resources to 172 W Martin Luther King Jr Blvd

New Listings in 90037
Popular Zip Codes
Popular Cities
Other Los Angeles Resources

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.

Call