1234 W Marting Luter King Jr., Los Angeles, California 90037, Los Angeles, 90037 - bed, bath
1234 W Marting Luter King Jr.
Los Angeles, California 90037
Property Price
SUMMARY
Analysis of 1234 W Marting Luter King Jr., Los Angeles, California 90037 is currently available with a list price of $1,349,000. The property maintains a Tear down Condition Rating (10/100), reflecting significant deferred maintenance. This property is best suited for experienced investors or developers prepared for substantial renovation work. Located in a high-demand neighborhood within the Los Angeles Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for Experienced Investors and Fix-and-Flip Specialists.
Condition Analysis
OVERALL CONDITION SCORE
Property is land value only, full reconstruction required.
Built in 1912, this property is explicitly marketed as a development opportunity with Ready to Issue (RTI) plans for a 17-unit complex. The existing single-family structure is described as having minimal rental potential and serving primarily as a teardown, with the listing's value centered on the land and entitlements.
PROSSTRENGTHS & OPPORTUNITIES
- Shovel-Ready RTI Status
The property is delivered with Ready to Issue (RTI) plans for 17 units, allowing a developer to bypass the lengthy and costly entitlement process and begin construction immediately.
- Strategic High-Demand Location
Situated in a prime Los Angeles corridor near USC, BMO Stadium, and the Lucas Museum of Narrative Art, the location ensures strong rental demand and long-term appreciation.
- Optimized Project Design
The approved plans maximize the lot's potential with a mix of 1 and 2-bedroom units and premium amenities, including a fourth-floor terrace with city views and a community center.
CONSRISKS & DEFICIENCIES
- Substantial Construction Costs
While the project is shovel-ready, the buyer will need to secure significant capital to fund the vertical construction of a 17-unit multifamily complex.
- Limited Interim Utility
The existing 1912 single-family home offers minimal rental income potential and serves primarily as a teardown, providing little cash flow during the pre-construction phase.
About 1234 W Marting Luter King Jr.
Development Opportunity in Prime Los Angeles – RTI for 17 Units! Unlock the full potential of this prime Los Angeles property! Currently a single-family home, this site comes RTI (Ready to Issue) with approved plans for 17 units — all that’s left is to pull the permits and start building. Located in a high-demand area of L.A., this is a rare, shovel-ready opportunity for investors and developers seeking a fast-track, high-yield multifamily project. RTI – Save time and money Approved for 17 units, These have 11 units with 1 bedroom/ 1 bath & 6 Units with 2 bedroom & 2 bath. Total of 23 Bedroom & 23 Bath. this offer a lot of amenities as a 4 floor to use like a terrace with a beutiful view, an comunity Center and mucho more. Ideal for multifamily development Strong rental demand in surrounding area Convenient access to transit, shops, dining, and more Prime area near USC, Lucas Museum of Narrative Art, BMO Stadium Whether you're expanding your portfolio or breaking ground on your next signature project, this property offers the kind of entitlements and location that make for a winning investment. Now is a Single Family residence with 3 bed and 2 bath.
Property Details
Public Facts
- Property Type
- Mixed Use
- Year Built
- 1912
- Lot Size
- 6,403 Sq. Ft.
Interior
- Total Bedrooms
- -
- 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 | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | - | - | 50% |
| Baths | - | - | 50% |
| Square foot | 13,294 | 11,422 | 50% |
| Lot Size | 6,403 | 6,531 | 50% |
| Price | $1.35M | $1.92M | 50% |
| Price per sq ft | $101 | $182 | 50% |
| Built year | 1912 | 1918 | 50% |
| HOA | $0 | $0 | 50% |
| Days on market | 175 | 218 | 50% |
Pricing History
Listed for Sale
Sep 12, 2025
$1,349,000
Initial Listing