1311 W Martin Luther King Jr Blvd, Los Angeles, CA 90037
- $2,095,000
- 14
- BD
- 8
- BA
- 5,564
- SqFt
- List Price
- $2,095,000
- MLS#
- 26985151
- Year Built
- 1949
- Bedrooms
- 14
- Bathrooms
- 8
- Living Sq. Ft
- 5,564
- Lot Size
- 7,876
- Days on Market
- 4
- Property Type
- Multifamily
- Stories
- 2
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.
Additional Information
- Other Buildings
- None
- Heat
- Central
- Cooling
- None
- Number of Cars in Garage
- Auto Driveway Gate
Mortgage Calculator
Courtesy of Coldwell Banker Realty, Derrick Smith - CA DRE#02019367
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