$1,800,000
Pending

844 W MARTIN LUTHER KING JR W

Los Angeles, CA 90037
Courtesy of Charles Dunn West La
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Description

PRICED FOR A FAST SALE. The subject property is a 2-story, 24-unit apartment building of wood/frame stucco consisting of two 12-unit sister buildings built in 1924 & 1925. The buildings are situated on a double lot of over 11,000 S.F. of land zoned LAR-3 suitable for future potential development. Located just across from the Los Angeles Memorial Coliseum and just south of University of Southern California in a gentrifying part of South Los Angeles. The units consist of 21 singles and 3 one bedroom units. Almost all units have been renovated with pergo flooring and both buildings were just freshly painted.Both buildings are separately metered for electricity and master metered for gas & water. Each building has its own laundry room that are currently not in use and can provide additional income for the new owner. PRICED AT ONLY 8.3 X GROSS & $75,000/UNIT. Please drive by only, do not disturb tenants as they are not aware of sale. Complete marketing package is available
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  • Property Details
    • Measurements
      • Acres:0.255
  • Construction Details
    • Type & Style
      • Property type:Investment
    • Condition
      • Year built:1924
  • Community and Neighborhood Details
    • Location
      • County:Los Angeles
  • Financial Details
    • Pricing Details
      • Original List Price:$1, 800, 000
      • Selling Office Commission:2.500
  • Other
    • Source
      • MLS #:14730987

Location

Justin MillerReal Estate Group
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