Seller motivated. Price reduced $205,000. Submit all offers.The Martin Luther King Apartments is a twenty-unit, two-story apartment buildingconstructed in the 1920's. The property is individually metered for gas and electricity andis constructed of wood frame and stucco. All of the apartments are large studios with abathroom and a full kitchen. Renovated units feature laminate flooring and ceiling fans.Most units feature large kitchens with a separate dining area as well as built-in originalcabinetry, large walk-in closets and tiled bathrooms. There is a laundry room that iscurrently not being used. Laundry income is estimated at $5 per unit per month. Theproperty is located just south of the new light rail Expo Line which provides publictransportation from downtown Santa Monica to USC and into downtown Los Angeles.
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