1515 E Martin Luther King Jr Boulevard, Los Angeles, California 90011, Los Angeles, 90011 - 5 bed, 4 bath
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Los Angeles, California 90011
This New Construction Multi-Unit Residence is a sophisticated addition to the Los Angeles market, offered at a List Price of $1,018,800. While the price sits above the $904,412 Fair Market Value, the valuation reflects the stability of a 2026 build and the unique two homes on one lot configuration. Featuring an Excellent Condition Rating, the property delivers quartz-style countertops and stainless steel appliances near Nava College Preparatory. This turnkey asset provides immediate occupancy for Owner-Occupants looking to house-hack or Buy-and-Hold Investors targeting high-demand rental income.
Property is new construction or fully renovated.
This is a new construction property (built in 2026) featuring two homes on one lot. The interiors are in pristine condition with modern finishes, including light-toned wood-look flooring, recessed lighting, and brand-new kitchens equipped with white shaker cabinetry, quartz-style countertops with matching backsplashes, and stainless steel appliances. All systems, fixtures, and structural components are new, meeting current quality standards with no deferred maintenance.
The property features two separate homes on a single lot, providing exceptional flexibility for multi-generational living or high-yield rental income strategies.
Built in 2026, these residences offer the benefit of modern building codes, energy-efficient systems, and contemporary finishes with minimal immediate maintenance requirements.
Delivered completely vacant, the property allows an investor to set market-rate rents immediately or an owner-user to occupy the space without the complexity of tenant relocation.
The property was recently sold within the past year on 2025-06-06. The sold price is $525,000.00.
The majority of the immediate neighborhood schools are low-rated, which may limit the property's appeal to families prioritizing high-performance educational districts.
Situated in a high-density area of Los Angeles, the property may be subject to typical urban drawbacks such as increased noise levels and traffic congestion.
TWO HOMES ON ONE LOTE** Delivered completely vacant and ready for immediate occupancy or income generation. BONUS SQ FOOTAGE. MUST SEE. This unique property is ideal for end users, multi-generational living, or savvy investors seeking strong rental potential and long-term upside.Each residence offers its own private living space, providing flexibility for a variety of living arrangements. Whether you choose to live in one unit and rent out the other, accommodate extended family, or lease both homes for maximum cash flow, the possibilities are endless.The property is well-suited for today's high-demand rental market, with separate living areas that enhance privacy and tenant appeal. Being delivered vacant gives the new owner the rare advantage of setting market rents from day one or customizing the spaces to their personal preferences.Situated on a single lot, this property combines convenience, functionality, and investment potential in one package. Perfect for those looking to build equity while generating income, or investors seeking a turnkey addition to their portfolio.Don't miss this exceptional opportunity to own a flexible, income-producing property with immediate upside. Extensive parking!
No exterior & parking available.
Grades K-5 • 0.2 mi
Grades K-5 • 0.6 mi
Grades K-5 • 0.6 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 5.0 | 3.0 | 97% |
| Baths | 4.0 | 2.0 | 97% |
| Square foot | 2,012 | 1,162.5 | 91% |
| Lot Size | 5,139 | 4,568.5 | 63% |
| Price | $1.02M | $567.5K | 97% |
| Price per sq ft | $506 | $508 | 50% |
| Built year | 2026 | 1909 | 97% |
| HOA | $0 | $0 | 50% |
| Days on market | 11 | 208 | 3% |
Apr 11, 2026
$1,018,800
Initial Listing
Jun 6, 2025
$525,000
Public Record
Jan 26, 1994
$50,000
Public Record