1236 W Martin Luther King Jr Boulevard, Los Angeles, California 90037, Los Angeles, 90037 - 0 bed, 0 bath
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1236 W Martin Luther King Jr Boulevard
Los Angeles, California 90037
ACTIVE
CONDITION: FAIR
0Beds
0Baths
4,658Sq Ft
6,401Lot Size
Property Price
LIST PRICE$1,500,000
EST. MARKET VALUE
$1,405,533
6% AboveMARKET VALUE
SUMMARY
This 1921 quadruplex presents a Strong Value Opportunity, listed at $1,500,000—positioned above the $1,405,533 Fair Market Value. While the property requires capital improvements due to its Condition Rating of 4, the 4,658 sqft footprint offers significant rental income potential in a high-demand submarket. The proximity to local schools, including Menlo Avenue Elementary, adds long-term stability to this asset. This is a strategic acquisition for Buy-and-Hold Investors or Value-Add Developers seeking to modernize a substantial multi-family asset in Los Angeles.
Estimated Market Value
$1,405,533
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 |
|---|---|---|---|---|---|---|
★ 1236 W Martin Luther King Jr Boulevard Subject 0 bd · 0 ba · 4,658 sqft · $302 | $1,500,000* List Price | 0 | 0 | 4,658 | $302 | - |
A 811 W 40th Active 0 bd · 0 ba · 4,520 sqft · $254 · 0.6 mi | $1,150,000 List Price | 0 | 0 | 4,520 | $254 | 0.6 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Fair
TeardownExcellent
Property is moderate renovation needed.
Built in 1921, this century-old quadruplex shows dated interior finishes including older tile and hardwood flooring. The exterior displays visible wear and cracked concrete. While functional and occupied, the property appears to have gone over 20 years without a comprehensive renovation, requiring cosmetic updates and likely system modernizations.
PROSSTRENGTHS & OPPORTUNITIES
- Multi-Family Investment Potential
As a substantial quadruplex with over 4,600 square feet of living space, this property offers significant rental income potential in a high-demand Los Angeles submarket.
- Spacious Unit Footprint
The generous total square footage suggests larger-than-average unit sizes for a 1920s build, providing a competitive advantage in attracting and retaining quality tenants.
- Proximity to Education
The property is conveniently located within walking distance of several schools, including Menlo Avenue Elementary, which boasts a solid mid-range rating of 5.
CONSRISKS & DEFICIENCIES
- Century-Old Infrastructure
Built in 1921, the property likely requires ongoing maintenance and potential capital improvements to modernize aging electrical, plumbing, and structural systems.
- Variable School District Ratings
While elementary options are fair, the surrounding middle and high schools have lower performance ratings, which may limit the property's appeal to families with older children.
About 1236 W Martin Luther King Jr Boulevard
Exceptional opportunity in Los Angeles. This spacious residence offers a versatile layout ideal for modern living. Situated on a quiet street in a highly desirable area.
Property Details
Public Facts
- Property Type
- Quadruplex
- Year Built
- 1921
- Lot Size
- 6,401 Sq. Ft.
Interior
- Total Bedrooms
- 0
- Total Bathrooms
- -
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Los Angeles Unified Schools
Menlo Avenue Elementary School
Grades K-5 • 0.5 mi
5/10
Normandie Avenue Elementary School
Grades K-5 • 0.5 mi
3/10
Martin Luther King Jr. Elementary School
Grades K-5 • 0.6 mi
2/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 4.5 |
| Baths | 0.0 | 2.9 |
| Square foot | 4,658 | 2,090.331 |
| Lot Size | 6,401 | 5,852.908 |
| Price | $1.50M | $830.9K |
| Price per sq ft | $322 | $394 |
| Built year | 1921 | 1928 |
| HOA | $0 | $0 |
| Days on market | 88 | 87 |
Pricing History
Listed for Sale
Aug 13, 2026
$1,500,000
Initial Listing
Sold
Aug 7, 2000
$275,000
Public Record