1236 W Martin Luther King Jr Boulevard, Los Angeles, California 90037, Los Angeles, 90037 - bed, bath
ACTIVE$1,799,000
1236 W Martin Luther King Jr Boulevard, Los Angeles, California 90037
0Bed
0Bath
4,658Sqft
6,401Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
Exceptional Location: Prime location just one block from the Los Angeles Memorial Coliseum and two blocks from USC, ensuring high tenant demand and strong appreciation potential.
Top Cons:
Advanced Age of Structure: Built in 1921, the property is over a century old, suggesting potential for significant capital expenditures on infrastructure, systems (plumbing, electrical), and general maintenance.
Compared to the nearby listings
Price:$1.80M vs avg $965.0K (+$834,000)96%
Size:4,658 sqft vs avg 2,544 sqft96%
Price/sqft:$386 vs avg $35952%
More Insights
Built in 1921 (104 years old).
Condition: Built in 1921, this property shows its age despite some apparent updates. The kitchen features significantly outdated dark wood cabinets, a dated tiled backsplash, and older flooring, indicating a lack of recent renovation. While some areas like a partial bathroom view show newer tile, and some rooms have laminate flooring, the overall aesthetic and fixtures (e.g., older light fixtures, visible window AC unit) suggest that the property has not undergone a full, extensive renovation within the last 15-30 years. The property analysis also highlights the 'Advanced Age of Structure' and potential for 'significant capital expenditures on infrastructure, systems (plumbing, electrical), and general maintenance,' aligning with a 'fair' condition where major components are functional but outdated and require minor updates or repairs.
Year Built
1921
Close
-
List price
$1.8M
Original List price
$1.9M
Price/Sqft
$386
HOA
-
Days on market
-
Sold On
-
MLS number
DW24248029
Home ConditionFair
Features
Patio
View-
About this home
Located in one of the most desirable areas of Los Angeles, this investment property is just 1 block from the iconic Los Angeles Memorial Coliseum and 2 blocks from the University of Southern California (USC). This property features 4 spacious units, each approximately 1,164 sqft. Every unit includes 1 bedroom, 1 bathroom, a living room, kitchen, dining area, and a private balcony. Each unit is equipped with its own in-unit washer and dryer, and the utilities (gas, electricity) are separately metered—tenants pay their own bills. The property also offers a 2-car garage with hookups for an additional washer and dryer, plus a driveway that accommodates up to 3 more cars, providing parking for a total of 5 vehicles. Don’t miss this amazing opportunity to own an investment property in a prime Los Angeles location!
Nearby schools
5/10
Menlo Avenue Elementary School
Public,•K-5•0.5mi
3/10
Normandie Avenue Elementary School
Public,•K-5•0.5mi
2/10
Martin Luther King Jr. Elementary School
Public,•K-5•0.6mi
/10
Dr. James Edward Jones Primary Center
Public,•K-2•0.7mi
2/10
Marguerite Poindexter Lamotte Elementary
Public,•K-5•0.8mi
5/10
West Vernon Avenue Elementary School
Public,•K-5•1.0mi
3/10
Fifty-Second Street Elementary School
Public,•K-5•1.1mi
2/10
Western Avenue Elementary School
Public,•K-5•1.3mi
2/10
Forty-Second Street Elementary School
Public,•K-5•1.4mi
2/10
Tom Bradley Global Awareness Magnet School
Public,•K-5•1.5mi
/10
Maple Primary Center
Public,•K-1•1.6mi
3/10
Trinity Street Elementary School
Public,•K-5•1.6mi
3/10
Angeles Mesa Elementary School
Public,•K-5•1.7mi
2/10
Main Street Elementary School
Public,•K-5•1.8mi
3/10
Sixth Avenue Elementary School
Public,•K-5•1.9mi
2/10
Barack Obama Global Preparation Academy
Public,•6-8•0.9mi
3/10
William Jefferson Clinton Middle School
Public,•6-8•1.4mi
2/10
John Muir Middle School
Public,•6-8•1.7mi
2/10
Audubon Middle School
Public,•6-8•1.8mi
3/10
Los Angeles Academy Middle
Public,•6-8•2.4mi
1/10
Horace Mann Junior High School
Public,•6-8•2.5mi
3/10
Manual Arts Senior High School
Public,•9-12•0.4mi
2/10
Augustus F. Hawkins High A Critical Design And Gaming
Public,•9-12•1.8mi
1/10
Crenshaw Science, Technology, Engineering, Math And Medicine Magnet
Public,•9-12•2.0mi
5/10
Santee Education Complex
Public,•9-12•2.4mi
3/10
Nava College Preparatory Academy
Public,•9-12•2.6mi
Price History
Date
Event
Price
08/07/00
Sold
$275,000
Condition Rating
Fair
Built in 1921, this property shows its age despite some apparent updates. The kitchen features significantly outdated dark wood cabinets, a dated tiled backsplash, and older flooring, indicating a lack of recent renovation. While some areas like a partial bathroom view show newer tile, and some rooms have laminate flooring, the overall aesthetic and fixtures (e.g., older light fixtures, visible window AC unit) suggest that the property has not undergone a full, extensive renovation within the last 15-30 years. The property analysis also highlights the 'Advanced Age of Structure' and potential for 'significant capital expenditures on infrastructure, systems (plumbing, electrical), and general maintenance,' aligning with a 'fair' condition where major components are functional but outdated and require minor updates or repairs.
Pros & Cons
Pros
Exceptional Location: Prime location just one block from the Los Angeles Memorial Coliseum and two blocks from USC, ensuring high tenant demand and strong appreciation potential.
Robust Income Potential: As a quadruplex with four spacious units, this property offers diversified rental income streams, making it an attractive investment.
Tenant-Centric Amenities: Each unit includes an in-unit washer/dryer and separately metered utilities, enhancing tenant appeal and reducing landlord operating expenses.
Ample Parking: The property provides a 2-car garage and driveway space for 3 additional vehicles, totaling 5 parking spots, a significant advantage in a dense urban area.
Spacious Units with Private Balconies: Each 1-bedroom unit is exceptionally large at approximately 1,164 sqft and includes a private balcony, offering desirable living space.
Cons
Advanced Age of Structure: Built in 1921, the property is over a century old, suggesting potential for significant capital expenditures on infrastructure, systems (plumbing, electrical), and general maintenance.
Limited Bedroom Configuration: All units are 1-bedroom, which, despite their size, may restrict the tenant pool to individuals or couples and could limit maximum rental income compared to properties with more bedrooms per unit.
High-Traffic/Noise Environment: Its immediate vicinity to the Coliseum and USC implies potential for increased noise, traffic congestion, and event-related disruptions, which might deter some long-term tenants.