Est. cap rate

4.3%

Assumed rent, all units

$7,200/mo

Units

4

Price per unit

$248,750

Est. annual NOI

$43,200

Expense assumption

50%

Estimates only, based on HUD Fair Market Rents (a conservative 40th percentile floor) and a standard 50% operating expense assumption. Not a guarantee of income or value. Ask Alex for a pro forma using comparable rent data.

Run your own numbers

Adjust the assumptions to see cash flow and cash on cash return.

Illustration only, using a 30 year loan and your assumptions above. Not a loan offer, financial advice, or a guarantee. Confirm financing and actual rents independently.

Property details

Type

Quadruplex

Bedrooms

4

Building size

3,844 sqft

Lot size

6,338 sqft

Year built

1916

Stories

2

Garage spaces

0

Pool

None

Status

Active

Days on market

32

MLS #

246667402

About this property

Excellent opportunity in a highly desirable location just a short walk from USC and minutes from Exposition Park, the California Science Center, the new Lucas Museum of Narrative Art, BMO Stadium, and the Los Angeles Memorial Coliseum. Each unit features 1 bedroom, 1 bathroom, plus a bonus room, offering flexible living space for the next owner. Situated on a spacious lot and zoned LAR3, the property offers ample outdoor space and potential to explore additional development, including ADUs. A unique opportunity for an owner-user, investor, or buyer looking to own a multifamily property near USC and some of Los Angeles' most prominent cultural, educational, and entertainment destinations. Buyer to independently verify zoning, ADU potential, permitted uses, and all development possibilities with the appropriate agencies.

Location

1306 W Martin Luther King Jr

Los Angeles, Los Angeles, CA, 90037