Los Angeles, CA 90037 1321 W Martin Luther King Jr Boulevard
$3,499,000
2 more
Presented By: Timothy Agee with West Shores Realty, Inc.;
- MLS# 25534385
- 05/05/2025
Disclaimer: The information contained in this listing has not been verified by Sell Buy OC Homes and should be verified by the buyer.
Beds • 22
Baths • 20
SQFT • 11,472
Home Details
Good quality tenants in the units. Great upside as many have been there a long time. Look for a great surge from the Olympics! Easy access to the 110 and 10 Freeways. 3 blocks to USC, football stadium and new soccer stadium.
Presented By: Timothy Agee with West Shores Realty, Inc.;
Interior Features for 1321 W Martin Luther King Jr Boulevard
Bedrooms
Total Bedrooms22
Bathrooms
1/4 Baths0
3/4 Baths0
Half Baths
Total Baths20
Other Interior Features
Air Conditioning Y/NNo
Basement (Y/N)No
Fireplace Y/NNo
Heating Y/NYes
Interior AmenitiesCeilingFans
Total Stories
General for 1321 W Martin Luther King Jr Boulevard
Additional Parcels Y/NNo
AppliancesRefrigerator
Attached Garage No
Cap Rate6.8
Carport Y/NNo
CityLos Angeles
CoolingNone
CountyLos Angeles
DirectionsFrom the 10 Freeway, go south on Normandie, make a left on MLK. From the 110 Freeway, exit MLK going west for about 1 mile.
Electric Expense3000.0
Full Baths
Garage Y/NNo
Gross Income351936.0
HOANo
HeatingWallFurnace
Home Warranty Y/NNo
Insurance Expense21123.0
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
LevelsTwo
Lot Size Square Feet7875.0
Lot Size UnitsSquareFeet
MLS AreaC34 - Los Angeles Southwest
Maintenance Expense8000.0
MobileHomeRemainsYNNo
Net Operating Income237566.0
New ConstructionNo
Number Of Units Total20
Occupancy TypeTenant
Property Attached Y/NNo
Property TypeResidentialIncome
Rent Control Y/NNo
Senior Community Y/NNo
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Stories Count2
Taxes$40,000
Tenant PaysElectricity, Gas
Trash Expense3000.0
Water Sewer Expense18000.0
Year Built1930
ZoningLAR3
Exterior for 1321 W Martin Luther King Jr Boulevard
Building Area Total11472.0
Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot Size Acres0.1808
Lot Size Area7875.0
Number of Buildings1
Parking FeaturesOnStreet
Private PoolNo
SpaNo
Total Parking0.0
Waterfront Y/NNo
Additional Details
Price History
Hal Schlegel
Broker Associate