Seller's Agent in 2020
Brett Lyon
Lyon Stahl Investment Real Estate, Inc.
(310) 780-1899
144 Total Sales
1849 W Martin Luther King jr Blvd Unit B Los Angeles, CA 90062
Exposition Park Neighborhood
6
Beds
4
Baths
4,066
Sq Ft
6,938
Sq Ft Lot
About This Home
As of October 20201849 W Martin Luther King Jr. Blvd in South Los Angeles is a 4-unit apartment building located just a short distance to the LA Memorial Coliseum, Banc of California Stadium, USC Campus, and the 110 FWY Entrance. This 4,066 SF building was built in 1922 and is situated on a 6,938 SF lot on Martin Luther King Jr. Blvd in an OPPORTUNITY ZONE. This property boasts an ideal unit mix of (2) 2-bed/1-bath units and (2) 1-bed/1-bath units separately metered for gas & electric. The building features a large fenced-in backyard and one garage space for each unit. Given the property’s ideal location, strong unit mix, and significant upside rent potential, 1849 W Martin Luther King Jr Blvd. is an excellent investment opportunity for any investor seeking growth, stability, and a hedge against inflation.
Last Agent to Sell the Property
Lyon Stahl Investment Real Estate, Inc. License #01717818 Listed on: 07/01/2020
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1922
Lot Details
- 6,938 Sq Ft Lot
- Two or More Common Walls
- Private Yard
Parking
- 4 Car Garage
Home Design
- 4,066 Sq Ft Home
- Property Attached
Bedrooms and Bathrooms
- 6 Bedrooms
- 4 Bathrooms
Listing and Financial Details
- Tax Lot 76
- Tax Tract Number 4463
- Assessor Parcel Number 5035007013
Community Details
Overview
- 4 Units
Building Details
- Rent Control
- 4 Separate Electric Meters
- 4 Separate Gas Meters
- 1 Separate Water Meter
- Gardener Expense $1,200
- Insurance Expense $1,626
- Maintenance Expense $2,511
- Other Expense $3,200
- New Taxes Expense $14,647
- Operating Expense $23,185
- Gross Income $79,504
- Net Operating Income $55,673
Create a Home Valuation Report for This Property
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 10/29/2020 10/29/20 | Sold | $1,195,000 | 0.0% | $294 / Sq Ft | |
| 09/21/2020 09/21/20 | Pending | -- | -- | -- | |
| 07/22/2020 07/22/20 | Price Changed | $1,195,000 | -4.4% | $294 / Sq Ft | |
| 07/01/2020 07/01/20 | For Sale | $1,250,000 | +60.5% | $307 / Sq Ft | |
| 03/09/2017 03/09/17 | Sold | $779,000 | -2.0% | $192 / Sq Ft | View Prior Sale |
| 01/09/2017 01/09/17 | Pending | -- | -- | -- | |
| 01/04/2017 01/04/17 | For Sale | $795,000 | -- | $196 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History Compared to Growth
Agents Affiliated with this Home
-
Brett Lyon
-
Woody Stahl
Seller Co-Listing Agent in 2020
Woody Stahl
Lyon Stahl Investment Real Est
(310) 710-3829
152 Total Sales
-
Yvonne Rose
Y
Buyer's Agent in 2020
Yvonne Rose
Making A Difference
(310) 999-4389
8 Total Sales
-
Jesse Morton
Seller's Agent in 2017
Jesse Morton
Sotheby's International Realty
(310) 339-4766
32 Total Sales
-
Harry Whelan
Seller Co-Listing Agent in 2017
Harry Whelan
Carolwood Estates
(650) 799-5360
29 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: SB20127220
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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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