Price
$ 1,800,000
Pending

844 W MARTIN LUTHER KING JR W, Los Angeles, CA 90037  

844 W MARTIN LUTHER KING JR W, Los Angeles, CA 90037  

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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Listing Type
Multi-Family
Listing ID
14730987
Listing Status
Contract Pending
Year Built
1924
County
Los Angeles
Units
24
Zoning
LAR3
TaxID
5019001025
Listing courtesy of Ramin Gheitanchi~Charles Dunn West La
Houses for Sale Nearby
    Listing Information Provided By:
    RE/MAX TRI-CITY REALTY
    1433 Foothill Blvd La Canada Flintridge, CA 91011 | Phone: (818) 790-9700
    RE/MAX TRI-CITY REALTY is licensed in the state of California CalBRE License #: 01038441
    EACH OFFICE INDEPENDENTLY OWNED AND OPERATED.