1248 W Martin Luther King Jr Blvd, Los Angeles, California 90037, Los Angeles, 90037 - 7 bed, 3 bath
Loading property details...
Los Angeles, California 90037
This Dual-Unit Residential Asset is a Strong Value Opportunity, listed at $850,000—positioned well below the $908,729 Fair Market Value by 6%. This valuation gap offers $58,729 in Instant Equity. Featuring a 4-bedroom main house and a 3-bedroom rear unit, the property provides significant rental income potential. With a Condition Rating of 3, the home is move-in ready with modern updates. This is an ideal acquisition for Buy-and-Hold Investors or first-time buyers seeking a flexible, income-generating property.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1248 W Martin Luther King Jr Blvd Subject | $850,000* List Price | 7 | 3 | 1,720 | $528 | - |
A 1046 W 49th Active | $950,000 List Price | 5 | 1 | 1,675 | $567 | 0.9 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
While the structure dates to 1920, the interior shows clear evidence of a mid-range renovation within the last 5-15 years, including updated laminate flooring, recessed lighting, and modern ceiling fans. The listing's note that FHA buyers are welcome indicates that major systems (HVAC/Electric) and the roof are in functional, move-in ready condition without immediate safety defects.
The property features a 4-bedroom main house and a separate 3-bedroom rear unit, offering excellent flexibility for multi-generational living or significant rental income potential.
Despite its 1920 construction, the home has been very well maintained and cared for, making it a rare, move-in-ready opportunity for FHA buyers and investors.
The 6,401-square-foot lot provides ample outdoor space and a rare abundance of parking, which is a highly desirable premium in this Los Angeles neighborhood.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 1720, other record living area = 1120. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 7, other record bedroom count = 3.
With 7 bedrooms distributed across only 1,720 square feet, the individual room sizes and common areas are likely quite small and may feel congested.
The majority of the assigned public schools in the immediate vicinity have low performance ratings, which may be a concern for families prioritizing education.
A great opportunity in a desirable Los Angeles location with plenty of possibilities. This is a must see! The main house offers 4 bedrooms and 2 bathrooms with a comfortable and functional layout. In the rear, there is an additional 3 bedroom 1 bathroom providing great flexibility for extended family use or potential rental income. Generous lot with plenty of parking space available.This house has been very well maintained and cared for making it a great opportunity for the first time buyer or investor. FHA buyers are welcome
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 | 7.0 | 3.0 | 97% |
| Baths | 3.0 | 2.0 | 80% |
| Square foot | 1,720 | 1,302.5 | 70% |
| Lot Size | 6,401 | 5,375 | 87% |
| Price | $850.0K | $672.5K | 80% |
| Price per sq ft | $494 | $485 | 50% |
| Built year | 1920 | 1912 | 70% |
| HOA | $0 | $0 | 50% |
| Days on market | 34 | 156 | 7% |
May 13, 2026
$850,000
Initial Listing