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1861 W Martin Luther King Jr Blvd, Los Angeles, CA 90062
$1,990,000
1861 W Martin Luther King Jr Blvd, Los Angeles, CA 90062View this property at 1861 W Martin Luther King Jr Blvd, Los Angeles, CA 90062
1861 W Martin Luther King Jr BlvdLos AngelesCA90062
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Property Description
1861 W MLK is located in the heart of the highly sought after and thinly traded Leimert Park market. Offered at only $192,250 per door, and 2 units will be delivered vacant for the next owner to remodel to their standards & hand-pick their own tenants. 12.29 GRM on current rents with approximately 40% rental upside. This 1950's building has plenty of on-site & gated reserved parking for tenants, along with an on-site laundry room for tenants to use + bring in additional monthly income. Great mix of (11) 1+1's and (1) 2+1, and no Studios/Singles/Bachelors. Separately metered for gas & electricity. **This property is part of a 3-building portfolio with 211 E 55th Street (9 Units) and 709 E 49th Street (2 Units). All 3 can be bought together or separate.**
Full Property Details
Full Property Details for 1861 W Martin Luther King Jr Blvd
General
- Sold For: $1,990,000
- Status: Closed
- Type: Multi-Family
- MLS ID: 23-305587
- Added to Site: 256 day(s) ago
Rooms
Bathrooms
- Total Bathrooms: 12
Bedrooms
- Total Bedrooms: 13
Additional Information
- Security/Safety: Gated
- Other Features: None
Parking
- Garage Description: Assigned
Location
- Area: Park Hills Heights
- County: Los Angeles
- Driving Directions: East of Arlington, West of Western, South of Obama/Exposition
Heating & Cooling
- Cooling Type: Ceiling Fan
- Heating Type: Wall
Structural Information
- # Buildings: 1
- Stories/Levels: 2
- Square Feet: 7,404
- Sq. Ft. Source: Vendor Enhanced
- Year Built: 1954
- Year Built Source: Vendor Enhanced
Unit Information
- Units in Complex: 12
- Unit Type: 2106, 2107
Unit 1
- Total Bathrooms: 1
- Bedrooms: 1
Unit 2
- Total Bathrooms: 1
- Bedrooms: 2
Additional Structures
- Other Structures: None
Lot Features
- Lot Size (Acres): 0.2297
- Lot Size: 10007
- Lot Size Source: Vendor Enhanced
- Zoning: LARD1.5
Financial Considerations
- Price Per Sq. Ft.: $309.97
- Price Per Unit: 191250
- Assessment Year: 1954
- Owner Pays: Gardener, Water
- Tenant Pays: Gas, Electricity
Disclosures and Reports
- Disclosures/Reports: None
- APN: 5035-007-012
Listed and Sold by Avenue Realty Group, Jonathan Rawson
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Schools
Schools serving 1861 W Martin Luther King Jr Blvd
School District:Los Angeles Unified School District
Rating | Name | Grades | Distance |
---|---|---|---|
3989 S Hobart Blvd, Los Angeles, CA 90062 | K-5 | 0.3 mi | |
1700 W 46th St, Los Angeles, CA 90062 | 6-11 | 0.7 mi | |
5010 11th Ave, Los Angeles, CA 90043 | 9-12 | 1.3 mi |
Disclaimer: School ratings provided by
GreatSchools. Ratings are on a scale of 1-10.
Learn more about GreatSchools ratings.
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 1861 W Martin Luther King Jr Blvd
Date
Details
Price
Change
Source
4/23/2024
Sold
$1,990,000
-13.29%
MLS
8/29/2023
Listed
$2,295,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
1861 W Martin Luther King Jr Blvd, Los Angeles, CA 90062 (MLS# 23-305587) is a Multi-Family property that was sold at $1,990,000 on April 23, 2024. Want to learn more about 1861 W Martin Luther King Jr Blvd? 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.