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$1,349,000

  • For Sale
  • Active
  • Multi-Family
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Development Opportunity in Prime Los Angeles - RTI for 17 Units! Unlock the full potential of this prime Los Angeles property! Currently a single-family home, this site comes RTI (Ready to Issue) with approved plans for 17 units - all that's left is to pull the permits and start building. Located in a high-demand area of L.A., this is a rare, shovel-ready opportunity for investors and developers seeking a fast-track, high-yield multifamily project. RTI - Save time and money Approved for 17 units, These have 11 units with 1 bedroom/ 1 bath & 6 Units with 2 bedroom & 2 bath. Total of 23 Bedroom & 23 Bath. this offer a lot of amenities as a 4 floor to use like a terrace with a beutiful view, an comunity Center and mucho more. Ideal for multifamily development Strong rental demand in surrounding area Convenient access to transit, shops, dining, and more Prime area near USC, Lucas Museum of Narrative Art, BMO Stadium Whether you're expanding your portfolio or breaking ground on your next signature project, this property offers the kind of entitlements and location that make for a winning investment. Now is a Single Family residence with 3 bed and 2 bath.

Full Property Details for 1234 W Marting Luter King Jr

General

  • Price: $1,349,000
  • Status: Active
  • Type: Multi-Family
  • Source: MRMLS
  • MLS ID: DW25216052
  • Updated: 12/30/2025
  • Days on Market: 128 days
  • Added to Site: 128 day(s) ago

Interior

  • Rooms/Areas: Kitchen, Laundry, Living Room, Multi-Level Bedroom
  • Interior Features: 2 Staircases, Open Floorplan, Quartz Counters, Recessed Lighting
  • Fireplace(s): None
  • Flooring: Laminate, Tile

Rooms

Other Rooms

  • Laundry: Gas & Electric Dryer Hookup, Individual Room

Additional Information

  • Pool Description: None
  • Spa Description: None

Exterior

  • Exterior Features: Lighting, Rain Gutters

Parking

  • Parking Features: None
  • Parking: None

Location

  • Area: C34 - Los Angeles Southwest
  • County: Los Angeles
  • Development Name: C34 - Los Angeles Southwest
  • Driving Directions: Between Normandie & Budlong

Heating & Cooling

  • Cooling Type: Central Air
  • Heating Type: Central

Utilities

  • Sewer: Public Sewer, Sewer Paid
  • Water: Public
  • # Water Meters: 17
  • # Gas Meters: 17
  • # Electric Meters: 17

Structural Information

  • Architectural Style: Contemporary
  • Roof: Composition
  • Doors: Panel Doors
  • Entry Location: 1
  • Stories/Levels: Three Or More
  • Stories Description: Three Or More
  • Square Feet: 13,294
  • Year Built: 1912

Unit Information

Unit 1

  • Number of Units: 6
  • Total Bathrooms: 2
  • Bedrooms: 2

Unit 2

  • Number of Units: 11
  • Total Bathrooms: 1
  • Bedrooms: 1

Lot Features

  • Property View: City Lights
  • Lot Size (Acres): 0.147
  • Lot Size (Sq. Ft.): 6,403
  • Lot Size Source: Assessor
  • Zoning: LAR3
  • Lot Description: 0-1 Unit/Acre

Financial Considerations

  • Price Per Sq. Ft.: $101.47
  • Price Per Unit: 79353

Listed by Century 21 A Better Service, Chris Limon

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Listing agent

— 1234 W Marting Luter King Jr —

  • Chris Limon

    Century 21 A Better Service

562-244-8211

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 1234 W Marting Luter King Jr

School District:Los Angeles Unified School District
NameGradesDistance
Normandie Avenue Elementary School
4505 South Raymond Avenue, Los Angeles, CA 90037
PK-50.6 mi
Barack Obama Global Preparation Academy
1700 West 46th Street, Los Angeles, CA 90062
6-80.9 mi
Manual Arts Senior High School
4131 South Vermont Avenue, Los Angeles, CA 90037
9-120.3 mi
Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 1234 W Marting Luter King Jr Get Price Alerts and Save Property

Date
Details
Price
Change
Source
9/12/2025
Listed
$1,349,000
22.64%
MLS
4/22/2022
Sold
$1,100,000
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 1234 W Marting Luter King Jr

Year
Property Taxes
Change
Tax Assessment
Change
2025
$14,077
1%
$1,144,440
2%
2024
$13,885
2%
$1,122,000
2%
2023
$13,622
1282%
$1,100,000
2120%
2021
$986
-3%
$49,540
-2%
2022
$1,015
3%
$50,530
3%
2020
$989
2%
$49,033
2%
2019
$965
5%
$48,072
2%
2018
$918
-95%
$47,130
2%
2017
$17,499
1944%
$46,207
2%
2016
$856
1%
$45,302
2%
2015
$848
-2%
$44,623
2%
2014
$863
1%
$43,749
—
2013
$857
—
$43,552
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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*These costs are estimates, and the interest rates assume exceptional credit standing.

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NMLS#: 1598647

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Listed by Century 21 A Better Service, Chris Limon

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1234 W Marting Luter King Jr., Los Angeles, CA 90037 (MLS# DW25216052) is a Multi-Family property with 17 units containing 0 bedrooms and 0 full bathrooms. 1234 W Marting Luter King Jr. is currently listed for $1,349,000 and was received on September 12, 2025. Want to learn more about 1234 W Marting Luter King Jr.? Do you have questions about finding other Multi-Family real estate for sale in Los Angeles? You can browse all Los Angeles real estate or contact a Coldwell Banker agent to request more information.

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