172 W Martin Luther King Jr Blvd

Los Angeles, CA 90037

$670,000
Last Sold Price
7
Beds
3,300 Sq. Ft.
$203 / Sq. Ft.
3,300
Sq. Ft.
$203
per Sq. Ft.

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...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!
  1. Listed by Jeff Anderson • DRE #01729514 • Brokerage DRE #01878277 • eXp Realty of California Inc • MLS@AndersonREG.com
  2. Listed by Juan Huizar • DRE #01417642 • Brokerage DRE #02163228 • Sage Real Estate

Property Details for 172 West Martin Luther King Jr Boulevard

View
Neighborhood
Parking Spaces Total
0
Private Pool
No
Cooling Type
N/K
Total Units
4.0
Building Type
Detached
Lot Size Source
Assessor
Living Area
3300
LISTING UPDATED: 09/09/2024 08:29 AM

Property Details for 172 West Martin Luther King Jr Boulevard

StatusClosed
MLS #PW24006461
Days on Market145
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeTownhouse
MLS TypeResidential
Year Built1924
Lot Size0.14 AC / 6,011 SF
CountyLos Angeles County

Location

Listing Courtesy of eXp Realty of California Inc, Jeff Anderson, DRE #01729514; Sage Real Estate, Juan Huizar, DRE #01417642

Sold By STEPHEN SHIU, BROKER, Stephen Shiu, DRE #01921212

Add your commute

Building Information for 172 West Martin Luther King Jr Boulevard

Stories2Residences-Year Built1924Building Size-Lot Size0.14 AC / 6,011 SF

Payment Calculator

$3,819 per month

30 year fixed, 6.845% Interest

Principal and Interest

$3,510

Property Taxes

$309

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 172 West Martin Luther King Jr Boulevard

Rental Info
Rental Info
  • Tenant Pays: Electricity, Gas, Trash Collection
Income / Expense / Tax Details
Income Details
  • Gross Income: $0
  • Gross Scheduled Income: $59,436
  • Net Operating Income: $36,344
  • Gross Multiplier: 12.62
  • Cap Rate: 5.5
  • Financing: Cash
  • 433a Certified: No
Expense Details
  • Operating Expense: $23,092
  • New Taxes Expense: $10,312
  • Gardener Expense: $780
  • Fuel Expense: $0
  • Electric Expense: $0
  • Insurance Expense: $2,400
  • Maintenance Expense: $4,800
  • Trash Expense: $0
  • Water Sewer Expense: $4,800
  • Total Expenses: $23,092
Tax / Assessment Info
  • Tax Tract Number: A
  • CFD/Mello-Roos Fee: $0
  • Tax Lot: 8
Community / Development
Community / Development
  • Accessibility Features: Parking
  • Disability Access: Other Main Level Modifications
  • Assessments YN: Yes
  • Assessments: Unknown
  • Community Features: Sidewalks
Property / Structure Info
Interior Features
  • Equipment: N/K
  • Room Type: Kitchen, Living Room
  • Main Level Bathrooms: 1
  • Main Level Bedrooms: 1
  • Laundry: No
  • Laundry Features: None
  • Laundry Location: N/K
  • Fireplace Features: None
  • Fireplace Rooms: None
  • Fireplace: N/K
  • Cooling: None
Exterior Features
  • Entry Location: 1
  • Structure Type: Quadruplex
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
Land/Lot Info
  • Sign on Property: No
  • Lot Features: Near Public Transit
  • Lease Considered: No
  • Number Of Units: 4
  • Available For Lease: No
  • Land Lease: No
  • Land Lease Type: Fee
  • Levels: Two
  • Water: Public
  • Sewer: Public Sewer
  • Sewer/Septic: Public Sewer
  • Water Source: Public
Parking Info
  • Garage Spaces: 0
  • Uncovered Spaces: 4
  • Open Other Spaces Total: 4
  • Parking Garage Spaces: 0
  • Carport Spaces: 0
Property / Structure Info
  • Residential Styles: All Other Attached
  • Residential Unit Location: No Common Walls
Unit Information
Unit 1
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $1,292
  • Unit Type Total Rent: $1,292
  • Unit Type Pro Forma: 2150
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $1,420
  • Unit Type Total Rent: $1,420
  • Unit Type Pro Forma: 2750
  • Unit Type Type: 2
Unit 3
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $1,350
  • Unit Type Total Rent: $1,350
  • Unit Type Pro Forma: 2750
  • Unit Type Type: 3
Unit 4
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $891
  • Unit Type Total Rent: $891
  • Unit Type Pro Forma: 2150
  • Unit Type Type: 4
Unit Information
  • Rent Controlled: Yes
  • Number Of Buildings: 2
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1

Property History for 172 West Martin Luther King Jr Boulevard

DateEvent & SourcePriceAppreciation
Sep 9, 2024

Sold

CRMLS #PW24006461

$670,000—
Sep 9, 2024

Sold

CRMLS #PW24006462

$670,000—
Sep 9, 2024

Sold

SDMLS #PW24006462

$670,000—
Sep 9, 2024

Sold

SDMLS #PW24006461

$670,000—
Sep 9, 2024

Sold

CLAW #PW24006462MR

$670,000—
Aug 29, 2024

Price Change

SDMLS #PW24006461

$750,000—
Aug 13, 2024

Sold (Public Record)

Public Record #1539974420

$670,000

+8.6% / yr

Aug 1, 2024

Pending

CRMLS #PW24006462

—
Aug 1, 2024

Pending

CRMLS #PW24006461

—
Aug 1, 2024

Pending

SDMLS #PW24006462

—
Aug 1, 2024

Pending

SDMLS #PW24006461

—
Jul 30, 2024

Expired

SDMLS #PW24006462

—
Jul 30, 2024

Expired

SDMLS #PW24006461

—
Jun 10, 2024

Pending

CLAW #PW24006462MR

—
Jun 10, 2024

Accepting Backup Offers

CRMLS #PW24006462

—
Jun 10, 2024

Accepting Backup Offers

CRMLS #PW24006461

—
Jun 10, 2024

Pending

CLAW #PW24006461MR

—
Jun 10, 2024

Pending

SDMLS #PW24006462

—
Jun 10, 2024

Pending

SDMLS #PW24006461

—
Jun 10, 2024

Accepting Backup Offers

SDMLS #PW24006462

—
Jun 10, 2024

Accepting Backup Offers

SDMLS #PW24006461

—
May 23, 2024

Listed (Active)

SDMLS #PW24006462

—
May 23, 2024

Listed (Active)

SDMLS #PW24006461

—
May 14, 2024

Accepting Backup Offers

SDMLS #PW24006462

—
May 14, 2024

Accepting Backup Offers

SDMLS #PW24006461

—
May 13, 2024

Pending

SDMLS #PW24006462

—
May 13, 2024

Pending

SDMLS #PW24006461

—
May 13, 2024

Accepting Backup Offers

CLAW #PW24006462MR

—
May 13, 2024

Accepting Backup Offers

CLAW #PW24006461MR

—
Mar 19, 2024

Price Change

CLAW #PW24006462MR

$750,000—
Mar 19, 2024

Price Change

CLAW #PW24006461MR

$750,000—
Mar 19, 2024

Price Change

CRMLS #PW24006462

$750,000—
Mar 19, 2024

Price Change

CRMLS #PW24006461

$750,000—
Jan 17, 2024

Listed (Active)

SDMLS #PW24006461

$825,000—
Jan 17, 2024

Listed (Active)

SDMLS #PW24006462

$825,000—
Jan 17, 2024

Listed (Active)

CRMLS #PW24006461

$825,000—
Jan 17, 2024

Listed (Active)

CRMLS #PW24006462

$825,000—
Dec 20, 2023

Listed (Active)

CLAW #PW24006461MR

$825,000—
Dec 20, 2023

Listed (Active)

CLAW #PW24006462MR

$825,000—
Nov 15, 2010

Sold

CLAW #P753449MR

$215,000—
Nov 15, 2010

Sold

CRMLS #P753449

$215,000—
Nov 2, 2010

Sold (Public Record)

Public Record #298880041

$215,000

-0.6% / yr

Oct 25, 2010

Pending

CRMLS #P753449

—
Oct 25, 2010

Pending

CLAW #P753449MR

—
Sep 22, 2010

Listed (Active)

CRMLS #P753449

$157,000—
Sep 22, 2010

Listed (Active)

CLAW #P753449MR

$157,000—
Aug 23, 2002

Sold (Public Record)

Public Record #97990141

$225,000—
DateEvent & SourcePrice
09/09/2024

Sold

CRMLS #PW24006461

$670,000
09/09/2024

Sold

CRMLS #PW24006462

$670,000
09/09/2024

Sold

SDMLS #PW24006462

$670,000
09/09/2024

Sold

SDMLS #PW24006461

$670,000
09/09/2024

Sold

CLAW #PW24006462MR

$670,000
08/29/2024

Price Change

SDMLS #PW24006461

$750,000
08/13/2024

Sold (Public Record)

Public Record #1539974420

$670,000

+8.6% / yr

08/01/2024

Pending

CRMLS #PW24006462

—
08/01/2024

Pending

CRMLS #PW24006461

—
08/01/2024

Pending

SDMLS #PW24006462

—
08/01/2024

Pending

SDMLS #PW24006461

—
07/30/2024

Expired

SDMLS #PW24006462

—
07/30/2024

Expired

SDMLS #PW24006461

—
06/10/2024

Pending

CLAW #PW24006462MR

—
06/10/2024

Accepting Backup Offers

CRMLS #PW24006462

—
06/10/2024

Accepting Backup Offers

CRMLS #PW24006461

—
06/10/2024

Pending

CLAW #PW24006461MR

—
06/10/2024

Pending

SDMLS #PW24006462

—
06/10/2024

Pending

SDMLS #PW24006461

—
06/10/2024

Accepting Backup Offers

SDMLS #PW24006462

—
06/10/2024

Accepting Backup Offers

SDMLS #PW24006461

—
05/23/2024

Listed (Active)

SDMLS #PW24006462

—
05/23/2024

Listed (Active)

SDMLS #PW24006461

—
05/14/2024

Accepting Backup Offers

SDMLS #PW24006462

—
05/14/2024

Accepting Backup Offers

SDMLS #PW24006461

—
05/13/2024

Pending

SDMLS #PW24006462

—
05/13/2024

Pending

SDMLS #PW24006461

—
05/13/2024

Accepting Backup Offers

CLAW #PW24006462MR

—
05/13/2024

Accepting Backup Offers

CLAW #PW24006461MR

—
03/19/2024

Price Change

CLAW #PW24006462MR

$750,000
03/19/2024

Price Change

CLAW #PW24006461MR

$750,000
03/19/2024

Price Change

CRMLS #PW24006462

$750,000
03/19/2024

Price Change

CRMLS #PW24006461

$750,000
01/17/2024

Listed (Active)

SDMLS #PW24006461

$825,000
01/17/2024

Listed (Active)

SDMLS #PW24006462

$825,000
01/17/2024

Listed (Active)

CRMLS #PW24006461

$825,000
01/17/2024

Listed (Active)

CRMLS #PW24006462

$825,000
12/20/2023

Listed (Active)

CLAW #PW24006461MR

$825,000
12/20/2023

Listed (Active)

CLAW #PW24006462MR

$825,000
11/15/2010

Sold

CLAW #P753449MR

$215,000
11/15/2010

Sold

CRMLS #P753449

$215,000
11/02/2010

Sold (Public Record)

Public Record #298880041

$215,000

-0.6% / yr

10/25/2010

Pending

CRMLS #P753449

—
10/25/2010

Pending

CLAW #P753449MR

—
09/22/2010

Listed (Active)

CRMLS #P753449

$157,000
09/22/2010

Listed (Active)

CLAW #P753449MR

$157,000
08/23/2002

Sold (Public Record)

Public Record #97990141

$225,000

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 172 West Martin Luther King Jr Boulevard

Taxable ValueLand$119,319Additions$150,721Total$270,040
Tax Record2024$3,707 ($309 / month)
Home Facts
Total Finished SqFt1,952 SqFtAbove Grade Finished SqFt1,952 SqFtLot Size6,000 SqFtStyleTriplexYear Built1924ZoningLAC2CountyLOS ANGELESAPN5111-024-013

Schools near 172 West Martin Luther King Jr Boulevard

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 1
Public - 2 to 5
Public - 6 to 8
Public - 9 to 12
Rating
School
Distance
Maple Primary Center
PublicK to 1

Trinity Street Elementary School
Public2 to 5

William Jefferson Clinton Middle School
Public6 to 8

Thomas Jefferson Senior High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of eXp Realty of California Inc, Jeff Anderson, DRE #01729514; Sage Real Estate, Juan Huizar, DRE #01417642

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.