1515 E Martin Luther King Jr Boulevard, Los Angeles, California 90011, Los Angeles, 90011 - 5 bed, 4 bath
1515 E Martin Luther King Jr Boulevard
Los Angeles, California 90011
Property Price
SUMMARY
Analysis of 1515 E Martin Luther King Jr Boulevard, Los Angeles, California 90011 reveals a property with a current list price of $1,018,800, which is 4% above the estimated $976,629 Fair Market Value. Buyers should carefully evaluate the pricing and consider negotiation opportunities. The property maintains a Excellent Condition Rating (95/100), indicating excellent structural integrity and modern finishes throughout. This turnkey property requires minimal updates and is ready for immediate occupancy. 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.
Estimated Market Value
Condition Analysis
OVERALL CONDITION SCORE
Property is new construction or fully renovated.
This property features a brand-new 2026 ADU and a main house that has undergone an extensive, high-quality remodel. Both units showcase modern open-concept layouts, new stainless steel appliances, contemporary cabinetry, quartz countertops, and updated flooring throughout. All systems, fixtures, and finishes are new or virtually new, meeting the highest current quality standards with no deferred maintenance.
PROSSTRENGTHS & OPPORTUNITIES
- Dual-Unit Income Potential
The property features two distinct, fully vacant residences—a remodeled main house and a brand-new ADU—providing an ideal setup for rental income, multi-generational living, or a live-in-one-rent-the-other strategy.
- Turnkey Modern Condition
With the main home extensively remodeled and the ADU being a new 2026 construction, the property offers contemporary finishes and updated systems that minimize the need for immediate capital expenditures.
- Exceptional Parking
Unlike many properties in high-density Los Angeles neighborhoods, this lot provides extensive parking capacity with dedicated spaces for both units, significantly increasing its appeal to tenants and large families.
CONSRISKS & DEFICIENCIES
- High-Traffic Thoroughfare
Located directly on Martin Luther King Jr Blvd, the property is subject to significant street noise and high traffic volume, which may impact residential tranquility and privacy.
- Limited Private Yard Space
Housing two separate dwellings and extensive parking on a 5,139 sqft lot leaves minimal room for traditional backyard space or private outdoor recreation for the occupants.
About 1515 E Martin Luther King Jr Boulevard
* * TWO HOMES IN ONE LOT * * Live in one and rent the other one or rent them both. I'm honored to bring 1515 E Martin Luther King Jr Blvd to you. This beautifully fully vacant remodeled single family house plus a brand new ADU is composed of two residences that seamlessly blend modern amenities with classic charm. This unique property features two distinct living spaces, making it ideal for families or investor alike. EXTENSIVE PARKING. The front unit boasts 1,244 sq ft of thoughtfully designed open space featuring 3 spacious bedrooms and 2 full bathrooms plus a secret attic space. The open-concept layout is perfect for entertaining with a stylish kitchen that includes ample storage. The back unit is a brand new 2 beds, 2 baths addition with separate parking. This modern space is designed for convenience and comfort, making it perfect for guests or as a rental unit. Both units are vacant and situated on a generous lot, offering outdoor space for relaxation and entertainment. Located in a vibrant neighborhood close to local amenities, parks, and schools, this property presents a fantastic opportunity for both homeowners and investors alike. Don't miss the chance to own this exceptional property that combines comfort, style, and versatility!
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 2026
- Lot Size
- 5,139 Sq. Ft.
Interior
- Total Bedrooms
- 5
- Total Bathrooms
- 4 (4 Full, 0 Half)
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 | 5.0 | 3.0 | 97% |
| Baths | 4.0 | 2.0 | 97% |
| Square foot | 2,018 | 1,138.5 | 91% |
| Lot Size | 5,139 | 4,568.5 | 59% |
| Price | $1.02M | $575.0K | 97% |
| Price per sq ft | $505 | $511 | 47% |
| Built year | 2026 | 1910 | 97% |
| HOA | $0 | $0 | 50% |
| Days on market | 16 | 174 | 3% |
Pricing History
Listed for Sale
Feb 18, 2026
$1,018,800
Initial Listing