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

Los Angeles
Local realty services provided by:CENTURY 21 Epic
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:46 day(s) ago
  • Updated:October 25, 2026 at 10:54 AM

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
The information being provided by California Regional MLS (Southern California) is for the consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumer may be interested in purchasing. Any information relating to real estate for sale referenced on this web site comes from the Internet Data Exchange (IDX) program of the California Regional MLS (Southern California). CENTURY 21 Epic is not a Multiple Listing Service (MLS), nor does it offer MLS access. This website is a service of CENTURY 21 Epic, a broker participant of California Regional MLS (Southern California). This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. The accuracy of all information, regardless of source, including but not limited to open house information, square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by California Regional MLS (Southern California) and is protected by all applicable copyright laws. Any unauthorized dissemination of this information is in violation of copyright laws and is strictly prohibited. Copyright 2021 California Regional MLS (Southern California). All rights reserved. CRMLS Member Broker: Mike Southwick

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