1127 W Martin Luther King Jr, Los Angeles, California 90037, Los Angeles, 90037 - 0 bed, 0 bath
Loading property details...
1127 W Martin Luther King Jr
Los Angeles, California 90037
ACTIVE
CONDITION: POOR
0Beds
0Baths
5,276Sq Ft
7,888Lot Size
Property Price
LIST PRICE$1,500,000
EST. MARKET VALUE
$1,547,696
3% BelowMARKET VALUE
SUMMARY
This 8-unit multi-family property presents a High-Potential Investment Opportunity with a List Price of $1,500,000—positioned well below the $1,547,697 Fair Market Value by 3%. This valuation gap offers $47,697 in Instant Equity. With a Condition Rating of 5, the asset requires capital expenditure to modernize its 1923 infrastructure. Its proximity to USC and the Lucas Museum ensures strong rental demand. This is an ideal acquisition for Buy-and-Hold Investors or Value-Add Developers seeking to scale their portfolio.
Estimated Market Value
$1,547,696+$47,696 Equity Potential
Based on Realkey algorithm analyzing recent comparable sales in Los Angeles.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1127 W Martin Luther King Jr Subject 0 bd · 0 ba · 5,276 sqft · $293 | $1,500,000* List Price | 0 | 0 | 5,276 | $293 | - |
A 1134 W 39th Active 0 bd · 0 ba · 5,726 sqft · $314 · 0.3 mi | $1,800,488 List Price | 0 | 0 | 5,726 | $314 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Poor
TeardownExcellent
Property is extensive renovation needed.
Property was built in 1923 (>100 years old) with no mention of recent renovations or updates to major systems in the description. The exterior shows significant signs of aging, weathered stucco, and dated fixtures, indicating it likely requires substantial rehabilitation.
PROSSTRENGTHS & OPPORTUNITIES
- Strategic Location
Situated within walking distance to USC, the Coliseum, and the Lucas Museum, the property is perfectly positioned to capture high rental demand from students and sports enthusiasts.
- Investment Scalability
The opportunity to purchase this 8-unit building alongside the adjacent property at 1121 W MLK Jr offers investors a rare chance to acquire a larger footprint in a rapidly developing corridor.
- High Unit Density
With eight total units consisting of four one-bedrooms and four singles, the property offers a diversified rental mix that maximizes income potential in a high-demand submarket.
CONSRISKS & DEFICIENCIES
- Aging Infrastructure
Built in 1923, the property likely requires significant capital expenditures for modernizing systems and ensuring compliance with current Los Angeles building and seismic codes.
- Compact Unit Sizes
The total square footage relative to the unit count suggests relatively small living spaces, which may limit appeal to long-term tenants seeking more spacious accommodations.
About 1127 W Martin Luther King Jr
Eight large units in the heart of Los Angles. four one bedrooms and 4 baths, 4 singles. Easy access to the freeways. Walking distance to USC stadium and campus. Short drive to Crypto.com Arena. Home of Los Angeles Lakers, Los Angeles Coliseum-2028 Olympics. Newly Opened Lucas Museum. Exposition Park and BMO Stadium. Buy 1121 and 1127 together or separately.
Property Details
Public Facts
- Property Type
- Mixed Use
- Year Built
- 1923
- Lot Size
- 7,888 Sq. Ft.
Interior
- Total Bedrooms
- 0
- Total Bathrooms
- -
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 11.0 |
| Baths | 0.0 | 5.7 |
| Square foot | 5,276 | 4,165.789 |
| Lot Size | 7,888 | 6,696 |
| Price | $1.50M | $956.9K |
| Price per sq ft | $284 | $273 |
| Built year | 1923 | 1937 |
| HOA | $0 | $907 |
| Days on market | 59 | 134 |
Pricing History
Listed for Sale
Sep 11, 2026
$1,500,000
Initial Listing
Sold
Jun 27, 2003
$340,000
Public Record