1311 W Martin Luther King Jr Boulevard, Los Angeles, CA 90037

Los Angeles
Local realty services provided by:Better Homes and Gardens Real Estate Oak Valley
1311 W Martin Luther King Jr Boulevard,Los Angeles, CA 90037
$2,095,000
  • 14 Beds
  • 8 Baths
  • 5,564 sq. ft.
  • Multi-family
  • Active
Listed by: derrick smith
Office: coldwell banker realty310-777-6200
MLS#:26985151
Source:CRMLS

Price summary

  • Price:$2,095,000
  • Price per sq. ft.:$376.53

About this home

Smith Realty Collective is pleased to present this incredible cash-flowing 7-unit building just blocks away from the prestigious USC, LA Coliseum, and BMO Stadium. Currently generating an attractive 8.5% CAP rate, this property offers investors immediate cash-flow potential in one of Los Angeles' most dynamic and rapidly evolving areas. Adding to the investment appeal, the property is located within an Opportunity Zone, potentially providing qualifying investors with valuable federal tax benefits, including capital-gains deferral and other potential tax advantages. But the upside doesn't stop there. The sale includes approved Ready-to-Issue (RTI) plans for four additional ADUs at the rear of the property, creating a compelling opportunity to significantly increase the property's unit count, rental income, and overall values. This is the kind of value-add multifamily opportunity sophisticated investors look for: strong in-place cash flow with meaningful potential for future growth....

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Home facts

  • Year built:1949
  • Listing ID #:26985151
  • Added:19 day(s) ago
  • Updated:September 28, 2026 at 12:21 PM

Rooms and interior

  • Bedrooms:14
  • Total bathrooms:8
  • Living area:5,564 sq. ft.

Heating and cooling

  • Heating:Central

Structure and exterior

  • Year built:1949
  • Building area:5,564 sq. ft.
  • Lot area:0.18 Acres
  • Levels:2 Story

Finances and disclosures

  • Price:$2,095,000
  • Price per sq. ft.:$376.53

Parking

  • Total parking spaces:8
  • Parking description:Electric Gate
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