172 W Martin Luther King Junior Boulevard
Los Angeles, CA 90037
0.14 acres | #PW24006462
Description
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!
Location
Legal
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Last Updated: . Source: CRMLS
Listing Courtesy
Listing Agent: Jeff Anderson (#PANDEJEF)
Listing Office: eXp Realty of California Inc (#PB22090)
Listing Courtesy (Buyer)
Buyer's Agent: Stephen Shiu (#CV33423)
