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$ 2,095,000
Est. payment /mo
Active
1311 W Martin Luther King Jr Boulevard Los Angeles, CA 90037
5,564 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 5,564 sqft
Price per Sqft $376
MLS Listing ID CL26985151
HOA Y/N No
Year Built 1949
Lot Size 7,876 Sqft
Acres 0.1808
Property Sub-Type Other
Property Description
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. Opportunities combining current income, strategic location, and substantial development upside are increasingly difficult to find. For investors seeking cash flow today and additional upside tomorrow, this property deserves a serious look.
Location
State CA
County Los Angeles
Zoning LAR3
Interior
Heating Other
Cooling None
Fireplace No
Building
New Construction No
Others
Tax ID 5037001021
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Listed by Derrick Smith • Coldwell Banker Realty