Listing by: Jeff Anderson, eXp Realty of California Inc, MLS@AndersonREG.com

7 Beds

4 Baths

3,300 SqFt

Active

Seize this rare chance to own a lucrative 4-plex priced at $825,000, just 1.3 miles from USC. With approximately 3,300 square feet, this property boasts an excellent unit mix featuring (3) 2-bed/1-bath and (1) 1-bed/1-bath units. Convenience is key, with four parking spaces and a short distance to Downtown Los Angeles. Ideal for first-time investors, this property is a "starter pack" offering the perfect opportunity to use a 5% down Fannie Mae loan. Additionally, its proximity to BMO Stadium (LAFC Stadium) adds to its allure. Anticipate a substantial annual gross rent of $57,156, making this 4-plex an outstanding investment choice. Don't miss out on this gem in a prime location!

Property Details
Price $750,000
Bedrooms 7
Full Baths 4
Total Baths 4
Lot Size Area 6011
Lot Size Area Units Square Feet
Acres 0.138
Property Type Residential
Sub type Quadruplex
MLS Sub type Quadruplex
Stories 2
Year Built 1924
View Neighborhood
Accessibility Parking
Lot Description Near Public Transit
Laundry Features None
Pool features None
Parking Spaces 0
Garage spaces 0
Association Fee 0
Geographic Data
Directions MLK and Main St
County Los Angeles
Latitude 34.010775
Longitude -118.27574
Market Area C42 - Downtown L.A.
Address Information
Address 172 W Martin Luther King Junior Boulevard, Los Angeles, CA 90037
Postal Code 90037
City Los Angeles
State CA
Country United States
Listing Information
Listing Office eXp Realty of California Inc
Listing Agent Jeff Anderson
Listing Agent Phone MLS@AndersonREG.com
Buyer Agency Compensation 2.000
Attribution Contact MLS@AndersonREG.com
Buyer Agency Compensation Type %
Compensation Disclaimer The offer of compensation is made only to participants of the MLS where the listing is filed.
Special listing conditions Standard
School Information
District Los Angeles Unified
MLS Information
Days on market 73
MLS Status Active
Listing Date Jan 17, 2024
Listing Last Modified Mar 30, 2024
Tax ID 5111024013
MLS Area C42 - Downtown L.A.
MLS # PW24006461

This information is believed to be accurate, but without any warranty.
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