$750,000
172 W Martin Luther King Junior Boulevard, Los Angeles CA 90037
Home Highlights
Property Type
Residential Income
Status
Pending
Listing Date
2023-12-20
Listing ID
PW24006462
About this home
Seize this rare chance to own a lucrative 4-plex priced at $750,000, just 1.3 miles from USC. With approximately 3,300 square feet, this property boasts an excellent unit mix featuring (3) 2-bed/1-bath and (1) 1-bed/1-bath units. Convenience is key, with four parking spaces and close proximity to Downtown Los Angeles. Ideal for first-time investors, this property is a "starter pack" offering the perfect opportunity to use a 5% down Fannie Mae loan. Additionally, its proximity to BMO Stadium (LAFC Stadium) adds to its allure. Anticipate a substantial annual gross rent of $59,436, making this 4-plex an outstanding investment choice. LAC2 flexible zoning could allow for unique development opportunity in the future, while taking advantage of the TOC program. Don't miss out on this gem in a prime location!
Features
Pool
None
Listed by
Jeff Anderson - eXp Realty of California Inc
MLS@AndersonREG.com