1515 E Martin Luther King Jr Boulevard, Los Angeles, California 90011, Los Angeles, 90011 - 4 bed, 1 bath
ACTIVE$540,000$1,244/sqft
Est. Value: $357,479
-33%
AboveEstimate
1515 E Martin Luther King Jr Boulevard, Los Angeles, California 90011
4Beds
1Bath
1,244Sqft
5,139Lot
Price Vs. Estimate
The estimated value ($357,478.87) is $182,521.13 (33%) lower than the list price ($540,000). This property may be overpriced.
Key pros and cons
Top Pros:
Historic Craftsman Architecture: The property is a charming Craftsman home located in the renowned 52nd Place Historic District, offering unique character and architectural heritage.
Top Cons:
Recently Sold Property: The property was recently sold within the past year on 2025-06-06. The sold price is $525,000.00.
Compared to the nearby listings
Price:$540.0K vs avg $562.5K ($-22,500)34%
Size:1,244 sqft vs avg 1,162.5 sqft63%
Price/sqft:$434 vs avg $51822%
More Insights
Built in 1907 (119 years old).
Condition: Built in 1907, this Craftsman home, while possessing historic charm and architectural heritage, shows no indication of recent major renovations. The description emphasizes 'incredible potential,' which for a property of this age, strongly suggests it requires substantial repairs and rehabilitation. The 4-bedroom, 1-bathroom configuration is a significant functional limitation for modern living, indicating the bathroom is severely outdated or insufficient. The kitchen and other major systems (plumbing, electrical, HVAC) are highly likely to be original or very old, necessitating extensive updates to meet current standards and comfort. It is not a tear-down as the structure's historic value is highlighted, but it is far from move-in ready and requires significant investment.
Year Built
1907
Close
-
List price
$540K
Original List price
$549K
Price/Sqft
$434
HOA
-
Days on market
-
Sold On
-
MLS number
CV24230323
Home ConditionPoor
Features
Patio
View-
About this home
Discover the charm and character of this spacious four-bedroom, one-bathroom Craftsman home in the vibrant Central-Alameda neighborhood of Los Angeles. Located in a community steeped in history and culture, this property offers incredible potential for both homeowners and investors alike. Central-Alameda is home to the renowned 52nd Place Historic District, celebrated for its iconic American Craftsman-style homes and rich architectural heritage. Residents enjoy easy access to parks like the Central Recreation Center and Ross Snyder Recreation Center, providing abundant opportunities for leisure and community activities. With its close proximity to reputable schools and a neighborhood undergoing exciting development, this home combines timeless elegance with modern convenience. Don’t miss your chance to own a piece of Los Angeles history in a location that perfectly blends tradition and opportunity.
R
Ruben Martinez
Listing Agent
Nearby schools
4/10
Nevin Avenue Elementary School
Public,•K-5•0.2mi
4/10
Ascot Avenue Elementary School
Public,•K-5•0.6mi
3/10
Wadsworth Avenue Elementary School
Public,•K-5•0.6mi
2/10
Harmony Elementary School
Public,•K-5•0.7mi
4/10
Quincy Jones Elementary School
Public,•K-5•0.7mi
5/10
Twentieth Street Elementary School
Public,•K-5•0.8mi
3/10
Sally Ride Elementary: A Smart Academy
Public,•K-5•0.8mi
3/10
Twenty-Eighth Street Elementary School
Public,•K-5•0.9mi
2/10
Hooper Avenue Elementary School
Public,•1-5•1.1mi
2/10
Forty-Ninth Street Elementary School
Public,•K-5•1.2mi
2/10
Holmes Avenue Elementary School
Public,•K-6•1.2mi
2/10
Aurora Elementary School
Public,•K-5•1.2mi
5/10
Lillian Street Elementary School
Public,•K-6•1.8mi
5/10
Estrella Elementary School
Public,•K-5•2.0mi
5/10
Pacific Boulevard School
Public,•K-5•2.0mi
2/10
Dr. Julian Nava Learning Academies-School Of Business And Technology
Public,•6-8•0.3mi
3/10
George Washington Carver Middle School
Public,•6-8•0.9mi
6/10
Vernon City Elementary School
Public,•K-7•1.1mi
3/10
Los Angeles Academy Middle
Public,•6-8•1.6mi
3/10
Thomas A. Edison Middle School
Public,•6-8•2.1mi
3/10
Henry T. Gage Middle School
Public,•6-8•2.7mi
3/10
Nava College Preparatory Academy
Public,•9-12•0.2mi
2/10
Thomas Jefferson Senior High School
Public,•9-12•0.2mi
5/10
Santee Education Complex
Public,•9-12•1.4mi
4/10
Huntington Park Senior High School
Public,•9-12•2.4mi
5/10
STEM Academy of Boyle Heights HS
Public,•9-12•2.8mi
5/10
Felicitas And Gonzalo Mendez High
Public,•9-12•2.9mi
3/10
John C. Fremont Senior High School
Public,•9-12•3.1mi
Price History
Date
Event
Price
01/26/94
Sold
$50,000
06/06/25
Sold
$525,000
Condition Rating
Poor
Built in 1907, this Craftsman home, while possessing historic charm and architectural heritage, shows no indication of recent major renovations. The description emphasizes 'incredible potential,' which for a property of this age, strongly suggests it requires substantial repairs and rehabilitation. The 4-bedroom, 1-bathroom configuration is a significant functional limitation for modern living, indicating the bathroom is severely outdated or insufficient. The kitchen and other major systems (plumbing, electrical, HVAC) are highly likely to be original or very old, necessitating extensive updates to meet current standards and comfort. It is not a tear-down as the structure's historic value is highlighted, but it is far from move-in ready and requires significant investment.
Pros & Cons
Pros
Historic Craftsman Architecture: The property is a charming Craftsman home located in the renowned 52nd Place Historic District, offering unique character and architectural heritage.
Investment & Development Potential: The description highlights 'incredible potential for both homeowners and investors alike,' suggesting opportunities for value addition, possibly including ADU development given the lot size and typical zoning in the area.
Vibrant & Developing Neighborhood: Situated in the 'vibrant Central-Alameda neighborhood' which is 'undergoing exciting development,' indicating potential for future appreciation and improved local amenities.
Spacious 4-Bedroom Layout: Offers a generous four-bedroom configuration, providing ample space for families or those requiring multiple rooms.
Excellent Proximity to Amenities & Schools: Enjoys easy access to local parks (Central Recreation Center, Ross Snyder Recreation Center) and reputable schools, including Nava College Preparatory Academy (0.18 miles) and Nevin Avenue Elementary School (0.16 miles).
Cons
Recently Sold Property: The property was recently sold within the past year on 2025-06-06. The sold price is $525,000.00.
Limited Bathroom Count: The property features only one bathroom for four bedrooms, which is a significant functional limitation for modern family living or multiple occupants.
Significant Price-to-Estimate Discrepancy: The current listing price of $540,000 is substantially higher than the property's estimated value of $357,478.87 (an estimation ratio of -33), suggesting potential overpricing or a need for strong justification of value.
Age-Related System Concerns & Unknown Condition: Built in 1907, the home likely has original or older systems (plumbing, electrical, HVAC) that may require significant updates or maintenance, and the description does not specify any recent major renovations.