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172 W Martin Luther King Junior Boulevard

Los Angeles (City), CA 90037
  • $750,000
  • STATUS: Active Under Contract
  • ON SITE: 150 Days
  • ID#: PW24006461
Under Contract
UPDATED: 110 min ago
$750,000
  • 7
    BEDS
  • 0.14
    ACRES
  • 4
    BATHS
  • 0
    1/2 BATHS
  • 3,300
    SQFT
  • $227
    $/SQFT
Neighborhood:
Type:
Single-Family Home
Built:
1924
County:

School Ratings & Info

School District:
Listing Agent(s): Jeff Anderson of eXp Realty of California Inc (800-784-2616) and Juan Huizar of ()


Description

Seize this rare chance to own a lucrative 4-plex priced at $825,000, 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 a short distance 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 $57,156, making this 4-plex an outstanding investment choice. Don't miss out on this gem in a prime location!

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Based on information from California Regional Multiple Listing Service, Inc. as of 2024-06-16T19:31:48.303. 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 deemed reliable but is not guaranteed accurate by the MLS or Mainstreet Realtors®. Licensed in the State of California, USA.
www.mainstreetgroup.com/homes/146705675
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172 W Martin Luther King Junior Boulevard Los Angeles (City), CA 90037

  • Price: $750,000
  • Status: Active Under Contract
  • On Site: 150 Days
  • Updated: 110 min ago
  • ID#: PW24006461
7
Beds
4
Baths
0
½ Baths
0.14
Acres
3,300
SQFT
$227
$/SQFT
1924
Built
Neighborhood:
C42 - Downtown L.A.
County:
Los Angeles
Area:
C42 - Downtown L.A.
School District:
Los Angeles Unified
Property Description
Seize this rare chance to own a lucrative 4-plex priced at $825,000, 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 a short distance 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 $57,156, making this 4-plex an outstanding investment choice. Don't miss out on this gem in a prime location!
Exterior Features

Entry Level 1 Entry Location 1 Lot Features Near Public Transit Parking Total 0 Pool Features None Pool Private YN No Property Attached YN No Sign On Property YN No View Neighborhood View YN Yes

Interior Features

Accessibility Features Parking Common Walls No Common Walls Cooling None Cooling YN No Fireplace Features None Fireplace YN No Main Level Bathrooms 1 Main Level Bedrooms 1

Property Features

Association Fee 0 Association YN No Common Interest None Community Features Sidewalks Garage YN No Land Lease YN No Laundry Features None Lease Considered YN No Levels Two Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms CashCash to New LoanConventional New Construction YN No Property Sub Type Quadruplex Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Structure Type Quadruplex Water Source Public Zoning LAC2



Based on information from California Regional Multiple Listing Service, Inc. as of 2024-06-16T19:31:48.303. 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 deemed reliable but is not guaranteed accurate by the MLS or Mainstreet Realtors®. Licensed in the State of California, USA.
 
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Mainstreet Realtors®
8577 Haven Ave, Suite 100
Rancho Cucamonga CA, 91730
Listing Agent(s): Jeff Anderson of eXp Realty of California Inc (800-784-2616) and Juan Huizar of ()