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1307 W Martin Luther King Jr Blvd 1307 W Martin Luther King Jr Blvd 4 Unit Apartment Building $1,020,000 ($255,000/Unit) Los Angeles, CA 90037
INVESTMENT HIGHLIGHTS
- Quadruplex with Strong Upside
- Large 7,875 sq ft Lot in Growing Area
- Fixer with Value-Add Opportunity
EXECUTIVE SUMMARY
Prime Investment Opportunity!
FINANCIAL SUMMARY (ACTUAL - 2024) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$63,552
|
$14.84
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$63,552
|
$14.84
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$11,800
|
$2.76
|
| Net Operating Income |
$51,752
|
$12.08
|
FINANCIAL SUMMARY (ACTUAL - 2024)
| Gross Rental Income | |
|---|---|
| Annual | $63,552 |
| Annual Per SF | $14.84 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $63,552 |
| Annual Per SF | $14.84 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $11,800 |
| Annual Per SF | $2.76 |
| Net Operating Income | |
|---|---|
| Annual | $51,752 |
| Annual Per SF | $12.08 |
PROPERTY FACTS
| Price | $1,020,000 | Building Class | C |
| Price Per Unit | $255,000 | Lot Size | 0.18 AC |
| Sale Type | Investment | Building Size | 4,283 SF |
| Sale Condition | 1031 Exchange | No. Stories | 2 |
| No. Units | 4 | Year Built | 1921 |
| Property Type | Multifamily | Opportunity Zone |
Yes
|
| Property Subtype | Apartment | ||
| Zoning | LAR3 - Multiple Dwelling R2 Uses, Apartment Houses, Multiple Dwellings, Child Care (20 max) | ||
| Price | $1,020,000 |
| Price Per Unit | $255,000 |
| Sale Type | Investment |
| Sale Condition | 1031 Exchange |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Lot Size | 0.18 AC |
| Building Size | 4,283 SF |
| No. Stories | 2 |
| Year Built | 1921 |
| Opportunity Zone |
Yes |
| Zoning | LAR3 - Multiple Dwelling R2 Uses, Apartment Houses, Multiple Dwellings, Child Care (20 max) |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 3 | $1,320 | - |
| 2+1 | 1 | $2,500 | - |
1 1
Walk Score®
Very Walkable (79)
PROPERTY TAXES
| Parcel Number | 5037-001-022 | Improvements Assessment | $161,344 (2025) |
| Land Assessment | $258,155 (2025) | Total Assessment | $419,499 (2025) |
PROPERTY TAXES
Parcel Number
5037-001-022
Land Assessment
$258,155 (2025)
Improvements Assessment
$161,344 (2025)
Total Assessment
$419,499 (2025)
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1307 W Martin Luther King Jr Blvd | 1307 W Martin Luther King Jr Blvd
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