$1,800,000 844 W Martin Luther King Jr W Los Angeles, CA

MLS: 14730987   Type: Pending   County: Los Angeles   City: Los Angeles   Area: Los Angeles Southwest   Zip: 90037     Stories: 2

Mortgage $8,451 /mo



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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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Price History

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

Directions Between Vermont & Hoover just across the street from LA Memorial Coliseum and just South of USC campus.
Levels Two
Listagentaor CLAW
Listing Agent Ramin Gheitanchi - BRE#01501715
Listing Agent State License 01501715
MLS Area C34 - Los Angeles Southwest
Price Per Square Foot 125.09
Senior Community Y/N No
Source System CRMLS
Special Listing Conditions Standard
Total Units 24
Zoning LAR3

Interior Features

Air Conditioning Y/N No
Appliances None
Appliances Y/N No
Cooling None
Fireplace Y/N No
Heating Wall Furnace
Heating Y/N Yes
Laundry Y/N No

Exterior Features

Building Area Total 14390.00
Lot Dimensions 90x123
Lot Size Acres 0.2550
Lot Size Source See Remarks
Lot Size Square Feet 11094.00
Number of Buildings 2
Parking Features None
Parking Y/N No
Private Pool Y/N No
Spa No

Property Schools

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Property vs Zip Code Avg (90037)

Price 1.80M Avg 714K

Sqr Feet 14,390 Avg 2,735

Cost / Sqr Ft $125 Avg $261

Acres 0.255 Avg 0.13

Visits 187 Avg 15

Days on Site 2,097 Avg 211

Walkscore® 81 Avg 76

Data Provided by Walkscore ® not using MLS data

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Listing Provided Courtesy Of: Ramin Gheitanchi with Charles Dunn West La.

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Location & Address

Vallejos Realty Group
325 W Hospitality Ln. Suite 100
San Bernardino, CA