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Listed by: Aaron Jacobson (310) 729-1559 DRE #02100737 | Lyon Stahl Investment Real Estate, Inc. (310) 425-9838
$1,895,000
Monthly Est:$9,432
3 Beds
2 Baths
7,404sqft
1861 W Martin Luther King Jr Blvd, Los Angeles, CA 90062
$1,895,000
$9,432/moEst:
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Apartment
Built in 1954
$-- HOA
10,425 sqft lot
$256/sq.ft
Description
1861 W Martin Luther King Jr Blvd presents an attractive opportunity to acquire a 12-unit multifamily property in Los Angeles, offered at $1,895,000. The property features a desirable unit mix of (11) 1 Bed/1 Bath units and (1) 2 Bed/1 Bath unit, complemented by 8 on-site parking spaces and a generously sized lot exceeding 10,000 square feet. The property offers strong in-place returns with a 7.56% cap rate and 8.12 GRM, providing investors with an attractive day-one yield and additional upside through future rent optimization. Four units are currently occupied by subsidized tenants, providing a portion of the property’s income from government-supported rental programs. Ideally situated in Los Angeles’ 90062 submarket, 1861 W Martin Luther King Jr Blvd offers convenient access to major employment centers, retail, transportation, and surrounding neighborhoods. The combination of strong in-place performance, a favorable unit mix, ample parking, and additional rental upside makes this an appealing addition to a multifamily investment portfolio.
- Houzeo last checked: 14 minutes ago
- Listing updated: October 6, 2026 at 11:23 pm
- Source: California Regional MLS-CA | MLS#: SB26217704
Part of
Property Details
Status
Active
Type
Multi Family
No. of Stories
2
County
City
Neighborhood
Year Built
1954
HOA Fees
-
Finished Area
7,404 sqft
Lot Size
10,425 sqft lot
Basement Area
- sqft
MLS Name
California Regional MLS
MLS Number
SB26217704
MLS Status
Active
Days on Market
1
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Location
Facts & Features
Rooms
Bedrooms & bathrooms
Bedrooms: 3
Bathrooms: 2
Interior
Sewer
Public Sewer
Utilities & Energy
Pool Features
None
Water Source
Public
Laundry Features
None
Other Features
Community Features
Curbs, Suburban, Sidewalks
Lot Features
Zero To One Unit Acre
Price History
| Date | Event | Price |
|---|---|---|
10/06/2026 Source: | Listed for Sale | $1,895,000 -4.77% $256/sqft |
04/23/2024 Source: | Price Increased | $1,990,000 +93.96% $269/sqft |
11/01/2012 Source: | Sold | $1,026,000 $139/sqft |
Exposition Park Ranks #157 in Los Angeles, CA
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Based on information from California Regional Multiple Listing Service, Inc. as of Oct 08, 2026, 08:30PM and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. This website may not include listings or property addresses of sellers who have directed their listing brokers to withhold their listing or their property address from display on the Internet. © 2026 California Regional Multiple Listing Service. All Rights Reserved.
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