1951 Martin Luther King Jr Boulevard, Los Angeles, CA 90062
  • MLS#: 24423085 ( )
  • Street Address: 1951 Martin Luther King Jr Boulevard
  • Viewed: 1
  • Price: $2,595,000
  • Price sqft: $0
  • Waterfront: No
  • Year Built: 1923
  • Bldg sqft: 0
  • Days On Market: 107
  • Additional Information
  • County: LOS ANGELES
  • City: Los Angeles
  • Zipcode: 90062
  • Provided by: Keller Williams Downtown LA
  • Contact: Andres Andres
  • California Regional MLS IDX
  • DMCA Notice
  • Description
    1951 W. Martin Luther King Jr Boulevard is an 8 unit apartment complex in the Leimert Park neighborhood of Los Angeles. The property offers a diverse unit mix of four (4) studio units and four (4) two bedroom units spread across 4,762 rentable square feet. Seven of the eight units have been completely remodeled with brand new electrical, plumbing and mechanical systems. The units are also sub metered for gas, electric, and water which results in an extremely low utility expense profile for a new owner. The asset offers strong cash flow day 1 and approximately 14% rental upside.
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Features
Appliances
  1. Dishwasher
  2. Microwave
Building Area Total
  1. 4762.00
Country
  1. US
Heating
  1. Wall Furnace
Laundry Features
  1. Dryer Included
Levels
  1. Multi/Split
Netoperatingincome
  1. 152081.00
Parcel Number
  1. 5035006011
Parking Features
  1. Assigned
Postalcodeplus4
  1. 1428
Sourcesystemkey
  1. 24-423085:CLAW
Tenant Pays
  1. Electricity
  2. Gas
  3. Water
Totalexpenses
  1. 51654.00
Year Built
  1. 1923
Zoning
  1. LARD1.5