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1823 W Martin Luther King Jr Blvd, Los Angeles, CA 90062
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1823 W Martin Luther King Jr Blvd Los Angeles, CA 90062

$925,000
  • 4 Beds
  • 4 Baths
  • 2,358 Sq.Ft.
For Sale
$925,000 Get Pre-Qualified
Map preview of 1823 W Martin Luther King Jr Blvd, Los Angeles, CA 90062

Property Overview: 1823 W Martin Luther King Jr Blvd Los Angeles, CA has 4 bedrooms, 4 bathrooms, 2,358 living square feet and 6,938 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: 4-unit property nestled within the vibrant community of Leimert Park area of Los Angeles, CA. Boasting a collection of four spacious 1-bedroom, 1-bathroom units, with one unit available for owner occupied. Units are well maintained with long-term tenants. Close to the LA Coliseum and the new LA FC Stadium, offering convenience and entertainment.

Listed by PHILIP CHANG | BRE #01870805 | MANREALTY.COM
Co-listed by JONATHAN HUA | BRE #01485938 | MANREALTY.COM
Last checked: 16 minutes ago | Last updated: April 30th, 2024 | Source CRMLS | DOM: 39
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Home details

Lot Sq. Ft
6,938
HOA Dues
$0/mo
Year built
1939
Garage
5 Car
Property Type:
Fourplex
Status
Active
MLS#
WS24045024
City
Los Angeles
County
Los Angeles
Time on Site
42 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 4
  • Total # of Buildings: 1
  • # of Leased Units: 3
  • # of Electric Meters: 4
  • # of Gas Meters: 4
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $582
  • Total Rent: $684
  • Pro Forma/Market Rent: $1,800
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $760
  • Total Rent: $760
  • Pro Forma/Market Rent: $1,800
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Total Rent: $0
  • Pro Forma/Market Rent: $1,800
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $760
  • Total Rent: $760
  • Pro Forma/Market Rent: $1,800
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $36,920
  • Net Operating Income: $31,738
  • Gross Operating Income: --
  • # of Rented Garages: 1
  • Garage Rental Income: $1,500
Annual Expense Breakdown
  • Total Operating Expense: $5,185
  • Trash: $0
  • Insurance: $1,861
  • Water/Sewer: $3,324

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Property Details for 1823 W Martin Luther King Jr Blvd

Interior Features
Cooling Information
  • Has Cooling
  • Wall/Window Unit(s)
Heating Information
  • Has Heating
  • Wall Furnace
Laundry Information
  • Has Laundry
  • Inside
Fireplace Information
  • No Fireplace
  • None
Room Information
  • Flooring: Tile
Interior Features
  • Levels: Two
Exterior Features
Exterior Information
  • Roof: Flat
  • No Spa
  • Spa Features: None
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 5
  • # of Parking Spaces: 10
  • Has Parking
  • Parking Features: Assigned
Lot Information
  • Lot Features: 0-1 Unit/Acre, Front Yard
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Has View
  • View: Neighborhood
  • Common Walls: 2+ Common Walls
  • Total # of Units: 4
  • Parcel Number: 5035007018
  • Year Built Source: Assessor
  • Entry Level: 1
  • Property is Attached
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
  • Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected
Assessment Information
  • Has Assessments
  • Assessments: Unknown
Location / Neighborhood
Location Information
  • Directions: MLK Blvd
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
Neighborhood Information
  • Community Features: Suburban
View more facts & features

Local Los Angeles Agent

Sale History for 1823 W Martin Luther King Jr Blvd

Last sold on August 30th, 2018

  • March, 2024

  • Mar 21, 2024

    Date

    Active

    CRMLS: WS24045024

    $950,000

    Price

  • August, 2018

  • Aug 30, 2018

    Date

    Sold (Public Records)

    Public Records

    --

    Price

  • August, 2018

  • Aug 30, 2018

    Date

    Sold (Public Records)

    Public Records

    --

    Price

  • June, 2018

  • Jun 28, 2018

    Date

    Canceled

    CRMLS: AR17268433

    $699,000

    Price

  • Jun 18, 2018

    Date

    Withdrawn

    CRMLS: AR17268433

    $699,000

    Price

  • Mar 5, 2018

    Date

    Hold

    CRMLS: AR17268433

    $699,000

    Price

  • Feb 22, 2018

    Date

    Active

    CRMLS: AR17268433

    $699,000

    Price

  • Feb 2, 2018

    Date

    Hold

    CRMLS: AR17268433

    $699,000

    Price

  • Jan 9, 2018

    Date

    Active

    CRMLS: AR17268433

    $699,000

    Price

  • Dec 19, 2017

    Date

    Hold

    CRMLS: AR17268433

    $699,000

    Price

  • Dec 3, 2017

    Date

    Active

    CRMLS: AR17268433

    $699,000

    Price

  • Listing provided courtesy of CRMLS

    Gated Four units with great long term tenants, within walking distance to USC campus. All units are very large approximately 650 sq.ft. with living room, large kitchen and dinning. Bonus 5-car garage in the back of the property possible to convert to units check with city. Long-term tenants all on month-to-month. Annual gross income is approximately $36,000. Please do not disturb tenants, drive by only. Low maintenance costs.  Lots of potential for future redevelopment, Light rail station nearby, Development in the area includes: New Stadium, Lucas Museum, Hotel and Retail. All 4 units have been well-maintain and move-in condition. Back on market as of 2/21/2018, previous in escrow for at full price. Seller looking for a fast escrow offer subject to interior inspection.

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Tax History for 1823 W Martin Luther King Jr Blvd

Assessed Value (2020): $677,280
Year Land Value Improved Value Assessed Value
2020 $612,000 $65,280 $677,280

Home Value Compared to the Market

This property vs the competition

1823 W Martin Luther King Jr Blvd is listed 24.49% lower than the median list price for the city of Los Angeles which has a median list price of $1,225,000. The median price per/sqft for Los Angeles is $774 and this home is listed at $392.28 per/sqft which puts the price per square foot 49.32% lower than the median price per square foot for the city of Los Angeles.

About 1823 W Martin Luther King Jr Blvd

Detailed summary of property

1823 W Martin Luther King Jr Blvd is a fourplex located in Los Angeles, CA 90062 and is currently for sale. This fourplex offers 4 bedrooms, 4 bathrooms, roughly 2,358 living square feet, and sits on an approximately 6,938 square foot lot. 1823 W Martin Luther King Jr Blvd was first listed on ArdentRealEstateGroup.com on March 21, 2024. The homeowner is currently asking $925,000 and was originally asking $950,000. The median priced home in Los Angeles is $1,225,000 with a median price per square foot of $774. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is listed 24.49% lower than the median priced home. Local competing homes currently for sale include 1317 W 40th Pl, 2722 W 43rd Pl and 1306 W Martin Luther King Jr Blvd. While the average home in Los Angeles, CA is selling in 96 days, 1823 W Martin Luther King Jr Blvd has a days on market of 39 days. There are currently 3485 homes for sale in the Los Angeles real estate market and 2372 of them are single family homes while 1013 of them are condos and 94 are townhomes. For more information on this home for sale at 1823 W Martin Luther King Jr Blvd Los Angeles, CA 90062 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 1823 W Martin Luther King Jr Blvd

Public county record property details
Beds
4
Baths
4
Year built
1939
Sq. Ft.
2,358
Lot Size
6,937
Stories
--
Type
Quadruplex (4 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
81
APN
5035-007-018

The source for these homes facts are from public records.

90062 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$799,999
Median List Price/Sq.Ft.
$576
Median Sold Price
$760,000
Median Sold Price/Sq.Ft.
$553
Total Inventory
30
Median Sale to List Price %
85.49%
Avg Days on Market
49
Loan Type
Conventional (80%), FHA (20%), 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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