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844 W Martin Luther King Jr. Boulevard

Los Angeles (City), CA 90037
  • $3,300,000
  • STATUS: Active
  • ON SITE: 171 Days
  • ID#: CV25225331
UPDATED: 216 min ago
$3,300,000
  • 0
    BEDS
  • 0.25
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Type:
Multi-Family
Built:
1925
County:

School Ratings & Info

Listing Agent(s): Andres Diaz of FACTIO GROUP (562-334-1500)


Description

844-846 W. Martin Luther King Junior Boulevard presents the opportunity to purchase two (2) contiguous 12-unit apartment buildings directly across the street from the LA Coliseum, home of the USC Trojans football games. The properties are conveniently located a short drive to the 110 Freeway and within walking distance to BMO Stadium which is the home of the LAFC soccer matches. The property boasts twenty-three (23) studio units and one (1) one-bedroom unit. Each unit is separately metered for electricity, and the exterior electrical panels were recently replaced on both buildings. The buildings are situated on a double lot of over 11,000 square feet of land zoned LAR3, which is suitable for future development.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2026-03-16T00:26:03.207. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or eXp Realty of California Inc.. Licensed in the State of California, USA.
www.hometownnorthcounty.com/homes/168254488
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844 W Martin Luther King Jr. Boulevard Los Angeles (City), CA 90037

  • Price: $3,300,000
  • Status: Active
  • On Site: 171 Days
  • Updated: 216 min ago
  • ID#: CV25225331
0
Beds
0
Baths
0
½ Baths
0.25
Acres
1925
Built
Neighborhood:
C34 - Los Angeles Southwest
County:
Los Angeles
Area:
C34 - Los Angeles Southwest
Property Description
844-846 W. Martin Luther King Junior Boulevard presents the opportunity to purchase two (2) contiguous 12-unit apartment buildings directly across the street from the LA Coliseum, home of the USC Trojans football games. The properties are conveniently located a short drive to the 110 Freeway and within walking distance to BMO Stadium which is the home of the LAFC soccer matches. The property boasts twenty-three (23) studio units and one (1) one-bedroom unit. Each unit is separately metered for electricity, and the exterior electrical panels were recently replaced on both buildings. The buildings are situated on a double lot of over 11,000 square feet of land zoned LAR3, which is suitable for future development.
Exterior Features

Entry Level 1 Entry Location 1 Lot Features 21-25 Units/Acre Number Of Separate Electric Meters 24 Parking Total 0 Pool Features None Pool Private YN No Property Attached YN Yes

Interior Features

Common Walls 2+ Common Walls

Property Features

Additional Parcels YN Yes Cap Rate 7.39 Common Interest Community Apartment Community Features Sidewalks Electric Expense 6000 Fuel Expense 12669 Garage YN No Gross Income 428871 Gross Scheduled Income 424353 Insurance Expense 24000 Land Lease YN No Laundry Features Common Area Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms Cash to New Loan Maintenance Expense 19200 Net Operating Income 245777 New Construction YN No New Taxes Expense 42000 Number Of Separate Gas Meters 0 Number Of Separate Water Meters 0 Operating Expense 178896 Property Sub Type Apartment Rent Control YN Yes Senior Community YN Yes Sewer Private Sewer Special Listing Conditions Standard Trash Expense 9656 Vacancy Allowance 4244 Water Sewer Expense 28403 Water Source Private



Based on information from California Regional Multiple Listing Service, Inc. as of 2026-03-16T00:26:03.207. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or eXp Realty of California Inc.. Licensed in the State of California, USA.
 
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eXp Realty of California Inc.
2603 Camino Ramon Suite 200
San Ramon CA, 94583
Listing Agent(s): Andres Diaz of FACTIO GROUP (562-334-1500)