172 W Martin Luther King Junior Blvd Los Angeles, CA 90037
Historic South Central Neighborhood
7
Beds
4
Baths
3,300
Sq Ft
6,011
Sq Ft Lot
Highlights
- Property is near public transit
- No HOA
- Accessible Parking
About This Home
As of September 2024Seize this rare chance to own a lucrative 4-plex priced at $750,000, 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 close proximity 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 $59,436, making this 4-plex an outstanding investment choice. LAC2 flexible zoning could allow for unique development opportunity in the future, while taking advantage of the TOC program. Don't miss out on this gem in a prime location!
Last Agent to Sell the Property
eXp Realty of California Inc Brokerage Email: MLS@AndersonREG.com License #01729514 Listed on: 01/17/2024
Co-Listed By
Sage Real Estate Group, Inc. Brokerage Email: MLS@AndersonREG.com License #01417642
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $3,707
Year Built
- Built in 1924
Lot Details
- 6,011 Sq Ft Lot
- No Common Walls
Home Design
- Quadruplex
Interior Spaces
- 3,300 Sq Ft Home
- 2-Story Property
Bedrooms and Bathrooms
- 7 Bedrooms
- 4 Bathrooms
Parking
- 4 Open Parking Spaces
- 4 Parking Spaces
Additional Features
- Accessible Parking
- Property is near public transit
Listing and Financial Details
- Tenant pays for electricity, gas, trash collection
- Tax Lot 8
- Assessor Parcel Number 5111024013
Community Details
Overview
- No Home Owners Association
- 2 Buildings
- 4 Units
Building Details
- Rent Control
- 4 Separate Electric Meters
- 4 Separate Gas Meters
- 1 Separate Water Meter
- Gardener Expense $780
- Insurance Expense $2,400
- Maintenance Expense $4,800
- Water Sewer Expense $4,800
- New Taxes Expense $10,312
- Operating Expense $23,092
- Net Operating Income $36,344
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jan 17, 2024
Closed on
Aug 13, 2024
Sold by
Sbds Investments Llc
Bought by
Ssht Real Estate Llc
Seller's Agent
Jeff Anderson
eXp Realty of California Inc
Buyer's Agent
Stephen Shiu
STEPHEN SHIU, BROKER
List Price
$825,000
Sold Price
$670,000
Premium/Discount to List
-$155,000
-18.79%
Views
146
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$21,247
Avg. Annual Appreciation
3.38%
Original Mortgage
$420,000
Outstanding Balance
$415,932
Interest Rate
6.78%
Mortgage Type
Balloon
Estimated Equity
$275,315
Purchase Details
Closed on
Nov 2, 2010
Sold by
U S Bank National Association
Bought by
Sbds Investments Llc
Purchase Details
Closed on
Aug 31, 2010
Sold by
Valdivieso Milton N
Bought by
U S Bank National Association and Downey Savings & Loan Association Fa
Purchase Details
Closed on
Aug 28, 2010
Sold by
Valdivieso Milton N
Bought by
Garaicoa Olga Violeta Angulo
Purchase Details
Closed on
Aug 27, 2010
Sold by
Valdivieso Milton N
Bought by
Garalcoa Olga Violeta Angulo and Valdivieso Milton N
Purchase Details
Closed on
Feb 20, 2010
Sold by
Valdivieso Milton N
Bought by
Garcia Valdivieso Milton N and Garcia Vargas Hilda L
Purchase Details
Closed on
Jun 26, 2002
Sold by
The Alvarez Family Trust
Bought by
Valdivieso Milton N
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$191,250
Interest Rate
6.52%
Purchase Details
Closed on
Sep 25, 1995
Sold by
Alvarez Rodolfo and Alvarez Hilda
Bought by
Alvarez Rodolfo and Alvarez Hilda
Similar Homes in Los Angeles, CA
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Grant Deed | $670,000 | Fidelity National Title | |
| Grant Deed | $215,000 | Lawyers Title Company | |
| Trustee Deed | $157,500 | Accommodation | |
| Quit Claim Deed | -- | None Available | |
| Interfamily Deed Transfer | -- | None Available | |
| Interfamily Deed Transfer | -- | None Available | |
| Grant Deed | $225,000 | American Title Co | |
| Interfamily Deed Transfer | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $420,000 | Balloon | |
| Previous Owner | $100,000 | Credit Line Revolving | |
| Previous Owner | $294,000 | Unknown | |
| Previous Owner | $191,250 | No Value Available |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 09/09/2024 09/09/24 | Sold | $670,000 | -10.7% | $203 / Sq Ft |
| 06/10/2024 06/10/24 | Pending | -- | -- | -- |
| 03/19/2024 03/19/24 | Price Changed | $750,000 | -9.1% | $227 / Sq Ft |
| 01/17/2024 01/17/24 | For Sale | $825,000 | -- | $250 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History Compared to Growth
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $3,707 | $670,000 | $480,000 | $190,000 |
| 2024 | $3,707 | $270,040 | $119,319 | $150,721 |
| 2023 | $3,643 | $264,746 | $116,980 | $147,766 |
| 2022 | $3,486 | $259,556 | $114,687 | $144,869 |
| 2021 | $3,437 | $254,468 | $112,439 | $142,029 |
| 2020 | $3,465 | $251,860 | $111,287 | $140,573 |
| 2019 | $3,342 | $246,922 | $109,105 | $137,817 |
| 2018 | $3,242 | $242,081 | $106,966 | $135,115 |
| 2016 | $3,087 | $232,682 | $102,813 | $129,869 |
| 2015 | $3,046 | $229,188 | $101,269 | $127,919 |
| 2014 | $3,075 | $224,700 | $99,286 | $125,414 |
Source: Public Records
Agents Affiliated with this Home
-
Jeff Anderson
Seller's Agent in 2024
Jeff Anderson
eXp Realty of California Inc
(800) 784-2616
1 in this area
316 Total Sales
-
Juan Huizar
Seller Co-Listing Agent in 2024
Juan Huizar
Sage Real Estate Group, Inc.
(562) 307-0838
1 in this area
104 Total Sales
-
Stephen Shiu
Buyer's Agent in 2024
Stephen Shiu
STEPHEN SHIU, BROKER
(213) 359-8389
1 in this area
20 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: PW24006462
APN: 5111-024-013
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The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
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