1306 W Martin Luther King Jr, Los Angeles, California 90037, Los Angeles, 90037 - 0 bed, 0 bath
Loading property details...
1306 W Martin Luther King Jr
Los Angeles, California 90037
ACTIVE
CONDITION: POOR
0Beds
0Baths
3,844Sq Ft
6,338Lot Size
Property Price
LIST PRICE$995,000
EST. MARKET VALUE
$964,617
3% AboveMARKET VALUE
SUMMARY
This 1916 quadruplex represents a High-Potential Investment Opportunity, listed at a List Price of $995,000—positioned well below the $964,618 Fair Market Value by -3%. With 3,844 square feet of living space, this Residential Income asset offers significant scale for value-add renovations. Given the Condition Rating of 5, the property requires comprehensive interior and infrastructure updates. This is a strategic acquisition for Buy-and-Hold Investors or Contractors seeking to capitalize on high-density rental demand in a central Los Angeles location.
Estimated Market Value
$964,617
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 |
|---|---|---|---|---|---|---|
★ 1306 W Martin Luther King Jr Subject | $995,000* List Price | 0 | 0 | 3,844 | $251 | - |
A 1079 Leighton Sold | $980,000 | 0 | 0 | 4,640 | $211 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Poor
TeardownExcellent
Property is extensive renovation needed.
Built in 1916, this 108-year-old quadruplex shows significant signs of deferred maintenance. Interior photos reveal peeling paint, unfinished flooring, and dated single-pane windows, indicating the property requires a comprehensive rehab of kitchens, bathrooms, and likely outdated electrical/plumbing systems.
PROSSTRENGTHS & OPPORTUNITIES
- Multi-Family Investment Potential
As a quadruplex with substantial square footage, this property offers a high-density rental opportunity in a high-demand Los Angeles submarket, ideal for investors seeking consistent cash flow.
- Generous Building Scale
With 3,844 square feet of living space, the units likely offer spacious layouts that are rare for older multi-family builds, providing a competitive edge in the local rental market.
- Walkable Educational Access
The property is conveniently located within a half-mile of both Manual Arts Senior High and Menlo Avenue Elementary, making it highly accessible for student residents and school staff.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =6338, other record lot size in square feet = 6400.
- Vintage Infrastructure Risks
Built in 1916, the property may require significant capital expenditure for seismic retrofitting, electrical upgrades, and plumbing maintenance common in century-old structures.
- Local School Performance
The surrounding public schools generally feature low performance ratings, which may limit the property's appeal to families prioritizing high-quality educational districts.
About 1306 W Martin Luther King Jr
Delivered Vacant and Move-In Ready! Excellent opportunity in a highly desirable location just a short walk from USC and minutes from Exposition Park, the California Science Center, the new Lucas Museum of Narrative Art, BMO Stadium, and the Los Angeles Memorial Coliseum. Each unit features 1 bedroom, 1 bathroom, plus a bonus room, offering flexible living space for the next owner. Situated on a spacious lot and zoned LAR3, the property offers ample outdoor space and potential to explore additional development, including ADUs. A unique opportunity for an owner-user, investor, or buyer looking to own a multifamily property near USC and some of Los Angeles' most prominent cultural, educational, and entertainment destinations. Buyer to independently verify zoning, ADU potential, permitted uses, and all development possibilities with the appropriate agencies.
Property Details
Public Facts
- Property Type
- Quadruplex
- Year Built
- 1916
- Lot Size
- 6,338 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
Martin Luther King Jr. Elementary School
Grades K-5 • 0.5 mi
2/10
Normandie Avenue Elementary School
Grades K-5 • 0.5 mi
3/10
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 | 3,844 | 2,187.451 |
| Lot Size | 6,338 | 5,841.385 |
| Price | $995.0K | $841.5K |
| Price per sq ft | $259 | $385 |
| Built year | 1916 | 1928 |
| HOA | $0 | $0 |
| Days on market | 7 | 85 |
Pricing History
Listed for Sale
Sep 2, 2026
$995,000
Initial Listing
Sold
Sep 19, 2024
$850,000
Public Record