Address
844 W Martin Luther King Jr W Los Angeles, CA
Price
$ 1,800,000
Property Attributes
  • MLS#14730987
  • TypePending
  • CountyLOS ANGELES
  • CityLos Angeles
  • AreaLos Angeles Southwest
  • Zip90037
  • Style
  • Price$ 1,800,000
  • Bedrooms24
  • Full Bathrooms24
  • Half Bathrooms0
  • Lot Size11,094 SqFt
Listing Provided Courtesy Of:
Ramin Gheitanchi with Charles Dunn West La.
Data Source:
CRMLS
Property 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

Price History
12/18/2016 Listed $1,800,000

General Features

Cooling None
Heating Wall Furnace
Levels Two
Listing Agent Ramin Gheitanchi - BRE#01501715
Listing Agent State License 01501715
MLS Area C34 - Los Angeles Southwest
Parking Features None
Property Type Residential Income
Special Listing Conditions Standard
Terms Cash to New Loan
Total Units 24
Zoning LAR3

Interior Features

Heating Y/N Yes

Exterior Features

Lot Dimensions 90x123
Lot Size Acres 0.26
Lot Size Source See Remarks
Lot Size Square Feet 11094
Number of Buildings 2

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Zip Code Average in 90037

Price
AVG $740K
$1.8M
Visits
AVG 54
67
Year Built
AVG 1925
1924
Walkscore
AVG 75
86
Data Provided by Walkscore ® not using MLS data

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