1244 W Martin Luther King Jr, Los Angeles, California 90037, Los Angeles, 90037 - 4 bed, 2 bath
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Los Angeles, California 90037
This 1909 Craftsman represents a High-Potential Investment Opportunity, listed at $1,250,000—positioned well below the $1,295,381 Fair Market Value by 3%. This valuation gap offers $45,381 in Instant Equity. With a Condition Rating of 4, the property requires cosmetic updates to modernize its dated interiors. Featuring a spacious 2,713 sqft floor plan and a private patio, this asset is ideal for Buy-and-Hold Investors or Owner-Occupants seeking to build value through strategic renovations in a high-demand, transit-oriented Los Angeles location.
Spacious 4-bed Craftsman in Los Angeles near USC. Listed at $1.25M with instant equity potential. Ideal value-add project for investors or buyers. Must see!
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1244 W Martin Luther King Jr Subject | $1,100,000* List Price | 4 | 2 | 2,713 | $359 | - |
A 711 W 41st Street Sold | $775,000 | 6 | 3 | 1,958 | $396 | 0.7 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1909, this property features a kitchen and bathrooms that appear to be 25-30 years old and are significantly dated. While functional, the bathroom ceiling shows visible signs of moisture damage or peeling plaster, and the presence of window AC units suggests a lack of modern central HVAC. The home requires cosmetic updates and minor repairs to meet current market standards.
The property is ideally situated near major Los Angeles landmarks including USC, BMO Stadium, and the LA Memorial Coliseum, with excellent proximity to the new Metro system and local entertainment hubs.
This 1909 Craftsman home offers a substantial 2,713 square feet of living space, featuring classic hardwood floors and architectural details that provide a unique charm and significant presence.
With four bedrooms and a generous 6,403 square foot lot, the property provides ample space for a large family or the potential for multifamily conversion in a high-demand rental market.
The majority of the assigned public schools for this address have low performance ratings, which may be a significant drawback for families prioritizing high-quality educational facilities.
Being located directly on W Martin Luther King Jr Blvd, the property is subject to higher levels of street noise and traffic congestion compared to more secluded residential streets.
Beautiful Craftsman home located in prime location, a few minutes from USC, BMO Stadium and LA Memorial Coliseum. Property has 3+ bedrooms. Property in great condition, Harwood floors. Plenty of space for growing family or multifamily. A must see and an opportunity to own in the heart of Los Angeles, close to entertainment and shopping, airport and the new metro system...and so much more!
No exterior & parking available.
Grades K-5 • 0.5 mi
Grades K-5 • 0.5 mi
Grades K-5 • 0.6 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 3.0 | 70% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 2,713 | 1,302.5 | 93% |
| Lot Size | 6,403 | 5,375 | 87% |
| Price | $1.10M | $672.5K | 93% |
| Price per sq ft | $405 | $473 | 23% |
| Built year | 1909 | 1912 | 23% |
| HOA | $0 | $0 | 50% |
| Days on market | 33 | 153 | 7% |
Jun 13, 2026
$1,100,000
$1,150,000
-4% Price Drop
Initial Listing
May 28, 2026
$1,150,000
$1,250,000
-8% Price Drop
Initial Listing
May 11, 2026
$1,250,000
Initial Listing
Mar 20, 2009
$375,000
Public Record
Jan 12, 2007
$610,000
Public Record