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2516 W Martin Luther King Jr Blvd, Los Angeles, CA 90008
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2516 W Martin Luther King Jr Blvd Los Angeles, CA 90008

$525,000 Sold Price as of 02/25/2022
  • -- Beds
  • -- Baths
  • 1,394 Sq.Ft.
Sold
$525,000 Sold Price as of 02/25/2022 Refinance Your Mortgage
Map preview of 2516 W Martin Luther King Jr Blvd, Los Angeles, CA 90008

Property Overview: 2516 W Martin Luther King Jr Blvd Los Angeles, CA has -- bedrooms, -- bathrooms, 1,394 living square feet and 4,021 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Excellent investment for owner user or rental . Current tenant has been renting the property for almost 25 years. The property has parking in the back. area is close to USC The sale is subject to 1031 exchange at no cost to the buyer and escrows to close concurrent

Listed by Eugenia Hernandez | BRE #00861063 | BERKSHIRE HATHAWAY HOMESERVICES Crest Real Estate
Last checked: 9 minutes ago | Last updated: March 23rd, 2022 | Source CRMLS | DOM: 159

Home details

Lot Sq. Ft
4,021
HOA Dues
$0/mo
Year built
1947
Garage
--
Property Type:
Office
Status
Sold
MLS#
BB21183153
City
Los Angeles
County
Los Angeles
Time on Site
1005 days
Property Unit Breakdown
Unit Mix Summary
  • Total # of Units: --
  • Total # of Buildings: --
Property Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: --
  • Net Operating Income: --
  • Gross Operating Income: --
Annual Expense Breakdown
  • Total Operating Expense: --

Property Details for 2516 W Martin Luther King Jr Blvd

Interior Features
Heating Information
  • Has Heating
  • See Remarks
Laundry Information
  • None
Interior Features
  • Security Features: Window Bars
Exterior Features
Exterior Information
  • Roof: Asphalt
  • Has Fence
  • Wrought Iron
Lot Details / Garage and Parking
Lot Information
  • Lot Features: Rectangular Lot, Near Public Transit
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Parcel Number: 5023024029
  • Year Built Source: Assessor
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Water Source: Public
  • Utilities: Other
Location / Neighborhood
Location Information
  • Directions: West of 110 to 5th Ave.
View more facts & features

Local Los Angeles Agent

Sale History for 2516 W Martin Luther King Jr Blvd

Last sold for $525,000 on February 25th, 2022

  • January, 2022

  • Jan 25, 2022

    Date

    Active Under Contract

    CRMLS: BB21183153

    $500,000

    Price

  • Aug 19, 2021

    Date

    Active

    CRMLS: BB21183153

    $500,000

    Price

  • September, 2005

  • Sep 1, 2005

    Date

    Sold (Public Records)

    Public Records

    --

    Price

Show More

Tax History for 2516 W Martin Luther King Jr Blvd

Assessed Value (2020): $174,978
Year Land Value Improved Value Assessed Value
2020 $104,994 $69,984 $174,978

Home Value Compared to the Market

This property vs the competition

2516 W Martin Luther King Jr Blvd sold on February 25, 2022 for 57.98% lower than the current median sold price for the city of Los Angeles which is $1,190,000. The median sold price per/sqft for Los Angeles is $755 and this home is sold at $358.68 per/sqft which puts the price per square foot 52.49% lower than the current median sale per square foot for the city of Los Angeles.

About 2516 W Martin Luther King Jr Blvd

Detailed summary of property

2516 W Martin Luther King Jr Blvd is a office that recently sold in Los Angeles, CA 90008. This office offered -- bedrooms, -- bathrooms, roughly 1,394 living square feet, and sits on an approximately 4,021 square foot lot. 2516 W Martin Luther King Jr Blvd was first listed on ArdentRealEstateGroup.com on August 19, 2021. The homeowner sold the property for $525,000. Home in Los Angeles are selling for a median price of $1,190,000 and a median price per square foot of $755. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is sold 57.98% lower than the current median priced home. While the average home in Los Angeles, CA is selling in 92 days, 2516 W Martin Luther King Jr Blvd has a days on market of 159 days. There are currently 3712 homes for sale in the Los Angeles real estate market and 2493 of them are single family homes while 1120 of them are condos and 93 are townhomes. For more information on this home for sale at 2516 W Martin Luther King Jr Blvd Los Angeles, CA 90008 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 2516 W Martin Luther King Jr Blvd

Public county record property details
Beds
--
Baths
--
Year built
1947
Sq. Ft.
1,394
Lot Size
4,021
Stories
1
Type
Professional Bldg (Legal; Insurance; Real Estate; Business)
Pool
No
Spa
No
County
Los Angeles
Lot#
628
APN
5023-024-029

The source for these homes facts are from public records.

90008 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$1,489,000
Median List Price/Sq.Ft.
$730
Median Sold Price
$1,275,000
Median Sold Price/Sq.Ft.
$662
Total Inventory
51
Median Sale to List Price %
91.79%
Avg Days on Market
62
Loan Type
Conventional (30.77%), FHA (0%), VA (0%), Cash (30.77%), Other (15.38%)

Thinking of Selling?

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Thinking of Selling?
Call, Text or Message
(714) 706-1823

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Recently Sold Homes Near 2516 W Martin Luther King Jr Blvd

2603 W Martin Luther King Jr Blvd, Los Angeles, CA 90008
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-- Baths
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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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