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
$1,598,883
6% BelowMARKET VALUE
SUMMARY
This Residential Income Quadruplex presents a Strong Value Opportunity, listed at $1,500,000—positioned well below the $1,598,884 Fair Market Value by 6%. This valuation gap offers $98,884 in Instant Equity for the savvy buyer. With a Condition Rating of 4, the property requires modernization of its 1921 infrastructure, yet its 4,658 sqft footprint provides significant rental upside. Located near local schools, this asset is an ideal acquisition for Buy-and-Hold Investors or Value-Add Developers seeking high-demand multi-unit inventory.
Estimated Market Value
$1,598,883+$98,883 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 |
|---|---|---|---|---|---|---|
★ 1236 W Martin Luther King Jr Boulevard Subject | $1,500,000* List Price | 0 | 0 | 4,658 | $343 | - |
A 1180 W 39th Place Active | $1,150,000 List Price | 0 | 0 | 3,162 | $364 | 0.2 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 property is over 100 years old. While the exterior appears functional and currently occupied as a quadruplex, the extreme age suggests that systems, kitchens, and baths are likely dated and will require updates and minor repairs to meet modern standards.
PROSSTRENGTHS & OPPORTUNITIES
- Multi-Unit Investment Potential
As a 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 Footprints
The generous total square footage suggests larger-than-average unit sizes for a 1920s build, providing a competitive edge in attracting and retaining long-term tenants.
- Walkable Educational Access
The property is conveniently located within walking distance of several schools, including Manual Arts Senior High and Menlo Avenue Elementary, enhancing its appeal to families.
CONSRISKS & DEFICIENCIES
- Historic Infrastructure Needs
Built in 1921, the property may require substantial capital improvements to modernize aging electrical, plumbing, and structural systems to meet current standards.
- Variable School Ratings
While schools are nearby, many carry low performance ratings, which could limit the property's attractiveness to tenants specifically seeking high-performing school districts.
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 | 4.6 |
| Baths | 0.0 | 3.0 |
| Square foot | 4,658 | 2,187.451 |
| Lot Size | 6,401 | 5,841.385 |
| Price | $1.50M | $841.5K |
| Price per sq ft | $322 | $385 |
| Built year | 1921 | 1928 |
| HOA | $0 | $0 |
| Days on market | 27 | 85 |
Pricing History
Listed for Sale
Aug 13, 2026
$1,500,000
Initial Listing
Sold
Aug 7, 2000
$275,000
Public Record