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1901 W Martin Luther King Jr Blvd, Los Angeles, CA 90062
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1901 W Martin Luther King Jr Blvd Los Angeles, CA 90062

$1,500,000
  • 45 Beds
  • 0 Baths
  • 5,602 Sq.Ft.
For Sale
$1,500,000 Get Pre-Qualified
Map preview of 1901 W Martin Luther King Jr Blvd, Los Angeles, CA 90062

Property Overview: 1901 W Martin Luther King Jr Blvd Los Angeles, CA has 45 bedrooms, -- bathrooms, 5,602 living square feet and 9,012 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: Opportunity knocks – excellent investment property! 1901 W MLK is a 9-unit multi-family complex located in the heart of Los Angeles in the desirable Leimert Park neighborhood. All units are 1 bed, 1 bath for a total SF of 5,602 on a large corner lot of 9,012 SF – which is $177,777 per door. Earthquake retrofit and new roof completed 18 months ago cost was 100K. Includes on-site parking for tenants. Conveniently located close to shops and restaurants, the USC campus, DTLA, and with great freeway access.

Listed by Steve Smith | BRE #01100068 | Compass
Last checked: 13 minutes ago | Last updated: April 9th, 2024 | Source CRMLS | DOM: 204
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Home details

Lot Sq. Ft
9,012
HOA Dues
$0/mo
Year built
1953
Garage
3 Car
Property Type:
Apartment
Status
Active
MLS#
PV23188129
City
Los Angeles
County
Los Angeles
Time on Site
212 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 9
  • Total # of Buildings: 1
  • # of Electric Meters: 9
  • # of Gas Meters: 9
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 0
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $740
  • Total Rent: $740
  • Pro Forma/Market Rent: $1,400
Unit Breakdown 2
  • # of Units: 2
  • # of Beds: 1
  • # of Baths: 0
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $690
  • Total Rent: $690
  • Pro Forma/Market Rent: $1,400
Unit Breakdown 3
  • # of Units: 3
  • # of Beds: 1
  • # of Baths: 0
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Total Rent: $0
  • Pro Forma/Market Rent: $1,400
Unit Breakdown 4
  • # of Units: 4
  • # of Beds: 1
  • # of Baths: 0
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $850
  • Total Rent: $850
  • Pro Forma/Market Rent: $1,400
Unit Breakdown 5
  • # of Units: 5
  • # of Beds: 1
  • # of Baths: 0
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $710
  • Total Rent: $710
  • Pro Forma/Market Rent: $1,400
Unit Breakdown 6
  • # of Units: 6
  • # of Beds: 1
  • # of Baths: 0
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $620
  • Total Rent: $620
  • Pro Forma/Market Rent: $1,400
Unit Breakdown 7
  • # of Units: 7
  • # of Beds: 1
  • # of Baths: 0
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $850
  • Total Rent: $850
  • Pro Forma/Market Rent: $1,400
Unit Breakdown 8
  • # of Units: 8
  • # of Beds: 1
  • # of Baths: 0
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $610
  • Total Rent: $610
  • Pro Forma/Market Rent: $1,400
Unit Breakdown 9
  • # of Units: 9
  • # of Beds: 1
  • # of Baths: 0
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Total Rent: $0
  • Pro Forma/Market Rent: $1,400
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $74,760
  • Net Operating Income: $57,605
  • Gross Operating Income: --
Annual Expense Breakdown
  • Total Operating Expense: $17,155
  • Electric: $0
  • Gas/Fuel: $0
  • Trash: $3,011
  • Insurance: $3,159
  • Professional Management: $0
  • Water/Sewer: $4,930

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Property Details for 1901 W Martin Luther King Jr Blvd

Interior Features
Laundry Information
  • Has Laundry
  • Community
Interior Features
  • Levels: Two
Exterior Features
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 3
  • # of Parking Spaces: 3
Lot Information
  • Lot Features: 6-10 Units/Acre, Front Yard
  • Lot Size Source: Assessor
  • Common Interest: Community Apartment
Property Information
  • Common Walls: 2+ Common Walls
  • Total # of Units: 9
  • Parcel Number: 5035006020
  • Year Built Source: Assessor
  • Entry Level: 1
  • Property is Attached
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
Location / Neighborhood
Location Information
  • Directions: Corner of W MLK Jr Blvd & Gramercy
Neighborhood Information
  • Community Features: Curbs, Sidewalks, Street Lights
View more facts & features

Local Los Angeles Agent

Sale History for 1901 W Martin Luther King Jr Blvd

View property's historical transactions

  • October, 2023

  • Oct 9, 2023

    Date

    Active

    CRMLS: PV23188129

    $1,700,000

    Price

Tax History for 1901 W Martin Luther King Jr Blvd

Assessed Value (2020): $116,960
Year Land Value Improved Value Assessed Value
2020 $40,765 $76,195 $116,960

Home Value Compared to the Market

This property vs the competition

1901 W Martin Luther King Jr Blvd is listed 21.46% higher than the median list price for the city of Los Angeles which has a median list price of $1,235,000. The median price per/sqft for Los Angeles is $774 and this home is listed at $267.76 per/sqft which puts the price per square foot 65.41% lower than the median price per square foot for the city of Los Angeles.

About 1901 W Martin Luther King Jr Blvd

Detailed summary of property

1901 W Martin Luther King Jr Blvd is a apartment located in Los Angeles, CA 90062 and is currently for sale. This apartment offers 45 bedrooms, -- bathrooms, roughly 5,602 living square feet, and sits on an approximately 9,012 square foot lot. 1901 W Martin Luther King Jr Blvd was first listed on ArdentRealEstateGroup.com on October 9, 2023. The homeowner is currently asking $1,500,000 and was originally asking $1,700,000. The median priced home in Los Angeles is $1,235,000 with a median price per square foot of $774. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is listed 21.46% higher than the median priced home. Local competing homes currently for sale include 3008 Stocker St, 2216 W Jefferson Blvd and 3913 S Budlong Ave. While the average home in Los Angeles, CA is selling in 94 days, 1901 W Martin Luther King Jr Blvd has a days on market of 204 days. There are currently 3580 homes for sale in the Los Angeles real estate market and 2422 of them are single family homes while 1059 of them are condos and 93 are townhomes. For more information on this home for sale at 1901 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 1901 W Martin Luther King Jr Blvd

Public county record property details
Beds
9
Baths
9
Year built
1953
Sq. Ft.
5,602
Lot Size
9,011
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
169
APN
5035-006-020

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
$855,000
Median List Price/Sq.Ft.
$578
Median Sold Price
$760,000
Median Sold Price/Sq.Ft.
$553
Total Inventory
31
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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