IET Real Estate

844 W MARTIN LUTHER KING JR

Los Angeles, CA 90037 PENDING

UPDATED:

PENDING

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Listing Price

$1,800,000

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SqFt

Robert Colangeli

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Key Details

Property Type: Single Family Home, Multi-Family

Lot Size: 0.25 Acres

Year Built: 1924

Purchase Type: For Sale

Listing Status: Pending

MLS Listing ID: 14730987

Special Sale: Standard

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

Location

State: CA

County: Los Angeles

Area: C34 - Los Angeles Southwest

Interior

Heating: Wall Heater

Schools

Elementary Schools: Menlo Avenue Elementary School

Middle Schools: Barack Obama Global Preparation Academy

High Schools: Manual Arts Senior High School

School District: Los Angeles Unified School District

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Robert ColangeliIET Real Estate

Robert Colangeli


Agent License ID: 01919489

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Robert ColangeliIET Real Estate