Sold
1861 W Martin Luther King Jr Blvd
Los Angeles CA, 90062
$1,990,000
$268.77 per sqft
Sold
13 Beds
7,404 sqft
Residential
Built in 1954
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.**
23-305587
MLSⓇ ID
August 29, 2023
Listed
April 23, 2024
Updated
Map
1861 W Martin Luther King Jr Blvd
Los Angeles CA, 90062
Interior Features
Total Stories
2
Bedrooms
13 Beds
Appliances
Dryer
Fireplace
No
Cooling
Yes
Cooling Description
Ceiling Fan
Heating
Yes
Heating Description
Wall
Exterior/Building Features
Lot Size
0.23 Acres
Other Property Details
Area Name
Park Hills Heights
Days on Market
22
Garage
No
Parking
Assigned
Parking Total
8
View
No
County
Los Angeles
Pool
No
Zoning
LARD1.5
Listing History
Date | Event | Price |
|---|---|---|
4/23/2024 | Sold | $1,990,000 |
10/17/2023 | Pending | — |
9/21/2023 | Under Contract | — |
Listed by Jonathan Rawson with Avenue Realty Group
Listing Contact: 310-869-9137
Based on information from The MLSTM / Combined LA/Westside Multiple Listing Service, Inc. IDX information is provided exclusively for consumers' personal, non-commercial use, it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information is deemed reliable but not guaranteed and should be independently reviewed and verified. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. All properties are subject to prior sale, change or withdrawal, and may or may not be listed by the office/agent presenting the information. Neither listing broker(s) nor Nia Mallett shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.
©2024 Combined L.A./Westside MLS. All rights reserved.
Data last updated 4/23/2024
