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844 W MARTIN LUTHER KING JR, Los Angeles, CA 90037

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Listing Type
multi family
Listing Status
pending
Explore Los Angeles, CA
10
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Transportation
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$1,800,000

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Home Details for 844 W MARTIN LUTHER KING JR

Price
$1,800,000
Type
multi family
Year Build
1924
Sq. Ft.
14390
Lot Size
0.2550
County
Los Angeles
MLS Listing#
14730987
On exitrealty.com
3078 days

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

Property Features

EXIT CASTILLO REALTY
418 W. 3rd St., Oxnard, CA 93030
Licensed in the state of California.
CA BRE# 01516899. Lorenzo Castillo Broker.
$1,800,000

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EXIT CASTILLO REALTY
418 W. 3rd St., Oxnard, CA 93030
Licensed in the state of California.
CA BRE# 01516899. Lorenzo Castillo Broker.