1321 W Martin Luther King Jr Blvd - Apartments FOR SALE


Los Angeles, CA 90037- South Central LA
$3,799,000 USD
310-483-6074
1321 W Martin Luther King Jr Blvd, Los Angeles, CA for Sale
$3,799,000 USD
Apartments - FOR SALE
1/11
null | 6.03% Cap Rate

1321 W Martin Luther King Jr Blvd
Los Angeles, CA 90037
South Central LA


HIGHLIGHTS

  • Quiet building
  • Brick facade well maintained
  • Good on site manager

OVERVIEW

The Olympics are right around the corner and so is this property. 3 Blocks to the Colisseum. 3 Blocks to the soccer stadium. Just a little further to USC. Located on Normandie and Martin Luther King Jr. Blvd provides easy access to the 110 Freeway and downtown Los Angeles. Separately metered for gas and electric with newer sub panels. The plumbing is upgraded as needed but is probably 60% newer. The roof is flat and in good shape. More then half of the windows have been upgraded. Water heater is 2 years old. Wood frame and stucco with a brick facade on the front.

FOR SALE DETAILS

PRICE

$3,799,000 USD

PRICE/SF

$331 USD /SF

# OF UNITS

20

PRICE/UNIT

$189,950

CAP RATE

6.03%

% LEASED

95%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1930

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.18 AC

LAND SF

7,841 SF

ZONING

R4, Los Angeles

APN/PARCEL ID

5037-001-019

ASK ABOUT THIS PROPERTY

Timothy AgeeWest Shores RealtyMore Info
310-483-6074

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Timothy AgeeWest Shores RealtyMore Info
310-483-6074

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.