1236 W Martin Luther King Jr., Los Angeles, California 90037, Los Angeles, 90037 - bed, bath
1236 W Martin Luther King Jr.
Los Angeles, California 90037
Property Price
SUMMARY
Analysis of 1236 W Martin Luther King Jr., Los Angeles, California 90037 is currently available with a list price of $1,610,000. The property maintains a Fair Condition Rating (50/100), suggesting the property is in acceptable condition with potential for value enhancement through selective updates and improvements. 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 both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Condition Analysis
OVERALL CONDITION SCORE
Property is moderate renovation needed.
Built in 1921, this property is over a century old. While some units show recent cosmetic updates, such as one bathroom with modern marble-look tile and black fixtures, and one kitchen with stainless steel appliances and white cabinets, other units feature significantly dated kitchens with older cabinets, appliances, and light fixtures. Flooring is a mix of worn original hardwood, patterned tile, and some newer laminate/carpet. The presence of window AC units in some bedrooms indicates a lack of central cooling. Overall, the property is aged and has received inconsistent, piecemeal updates, suggesting it is maintained but requires further investment to modernize all units and systems.
PROSSTRENGTHS & OPPORTUNITIES
- Exceptional Location
Situated just one block from the LA Memorial Coliseum and two blocks from USC, ensuring high rental demand from students, faculty, and event-goers, and strong potential for appreciation.
- Multi-Unit Income Potential
As a quadruplex, the property offers diversified rental income streams and significant cash flow opportunities for investors.
- Premium Tenant Amenities
Each unit includes an in-unit washer/dryer and a private balcony, highly desirable features that enhance tenant appeal and retention.
CONSRISKS & DEFICIENCIES
- Advanced Age of Property
Built in 1921, the property is over a century old, which may necessitate significant capital expenditures for system upgrades, renovations, and ongoing maintenance.
- Limited Unit Configuration
All units are 1-bedroom, which could restrict the target tenant demographic and potentially limit rental income growth compared to properties with a more varied unit mix.
- Recent Price Reduction
A recent price drop from $1.699M to $1.61M could suggest initial overpricing or a lack of buyer interest, potentially indicating a need for further market adjustment or underlying property concerns.
About 1236 W Martin Luther King Jr.
Located in one of the most desirable areas of Los Angeles, this investment property is just 1 block away 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 can accommodate 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.
Property Details
Public Facts
- Property Type
- Quadruplex
- Year Built
- 1921
- Lot Size
- 6,401 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 | 4,658 | 2,496 | 95% |
| Lot Size | 6,401 | 5,451.5 | 70% |
| Price | $1.61M | $945.0K | 95% |
| Price per sq ft | $346 | $324 | 55% |
| Built year | 1921 | 1923 | 45% |
| HOA | $0 | $0 | 50% |
| Days on market | 273 | 264 | 65% |
Pricing History
Listed for Sale
Oct 17, 2025
$1,610,000
$1,699,000
-5% Price Drop
Initial Listing
Price Change
Jun 6, 2025
$1,699,000
Initial Listing