Sold for $670,000

Listed by: eXp Realty of California Inc • Jeff Anderson • Contact: 562-784-5241

Bought with: STEPHEN SHIU, BROKER

Tax assessed value

$670,000

172 W Martin Luther King Jr Blvd, Los Angeles, CA 90037

7beds

3,300sqft

Quadruplex

Built in 1924

-- sqft lot

$974,800 Zestimate^®

$203/sqft

$2,986 Estimated rent

Home value

$974,800

$868,000 - $1.09M

$2,986/mo

Zestimate^® history

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$2,986/mo

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$4,260/mo

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$4,260/mo

Est. payment

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What's special

Seize this rare chance to own a lucrative 4-plex priced at $825,000, 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 a short distance 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 $57,156, making this 4-plex an outstanding investment choice. Don't miss out on this gem in a prime location!

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 7
Bathrooms: 4
Full bathrooms: 4
Main level bathrooms: 1
Main level bedrooms: 1

Rooms

Room types: Kitchen, Living Room

Cooling

None

Appliances

Laundry: None

Features

Has fireplace: No
Fireplace features: None
Common walls with other units/homes: No Common Walls

Interior area

Total interior livable area: 3,300 sqft

Property

Accessibility

Accessibility features: Parking

Features

Levels: Two
Stories: 2
Entry location: 1
Pool features: None
Has view: Yes
View description: Neighborhood

Lot

Size: 6,011 Square Feet
Features: Near Public Transit

Details

Parcel number: 5111024013
Zoning: LAC2
Special conditions: Standard

Construction

Type & style

Home type: MultiFamily
Property subtype: Quadruplex

Condition

New construction: No
Year built: 1924

Utilities & green energy

Sewer: Public Sewer
Water: Public

Community & HOA

Community

Features: Sidewalks

Location

Region: Los Angeles

Financial & listing details

Price per square foot: $203/sqft
Tax assessed value: $670,000
Annual tax amount: $8,475
Date on market: 1/17/2024
Cumulative days on market: 145 days
Listing terms: Cash,Cash to New Loan,Conventional

Price history

Date	Event	Price
9/9/2024	Sold	$670,000-10.7%$203/sqft
Source: CRMLS #PW24006461 Report a problem
8/1/2024	Pending sale	$750,000$227/sqft
Source: CRMLS #PW24006462 Report a problem
6/10/2024	Contingent	$750,000$227/sqft
Source: CRMLS #PW24006462 Report a problem
5/23/2024	Listed for sale	$750,000$227/sqft
Source: CRMLS #PW24006462 Report a problem
5/14/2024	Contingent	$750,000$227/sqft
Source: CRMLS #PW24006462 Report a problem
3/20/2024	Price change	$750,000-9.1%$227/sqft
Source: CRMLS #PW24006462 Report a problem
1/17/2024	Listed for sale	$825,000+283.7%$250/sqft
Source: CRMLS #PW24006462 Report a problem
11/15/2010	Sold	$215,000+36.5%$65/sqft
Source: Public Record Report a problem
9/9/2010	Sold	$157,500-30%$48/sqft
Source: Public Record Report a problem
8/23/2002	Sold	$225,000$68/sqft
Source: Public Record Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$8,475 +128.6%	$670,000 +148.1%
2024	$3,707 +1.8%	$270,040 +2%
2023	$3,643 +4.5%	$264,746 +2%
2022	$3,486 +1.4%	$259,556 +2%
2021	$3,437 -0.8%	$254,468 +1%
2020	$3,465	$251,860 +2%
2019	$3,465 +6.9%	$246,922 +2%
2018	$3,242	$242,081 +2%
2017	$3,242 +2.1%	$237,335 +2%
2016	$3,174 +2.8%	$232,682 +1.5%
2015	$3,087 +0.4%	$229,188 +2%
2014	$3,075	$224,700 -11%
2010	--	$252,448 -0.2%
2009	--	$253,049 +2%
2008	--	$248,089 +2%
2007	--	$243,226 +2%
2006	--	$238,458
2005	--	$238,458 +4%
2004	--	$229,200 +1.9%
2003	--	$225,000 +7.8%
2002	--	$208,675 +4%
2000	--	$200,574